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Gugushev & Partners Advises Alfastar Ventures on EuVECA Evergreen Fund Registration in Bulgaria

Gugushev & Partners Advises Alfastar Ventures on EuVECA Evergreen Fund Registration in Bulgaria

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Gugushev & Partners has advised Alfastar Ventures on the registration of a Bulgarian EuVECA alternative investment funds manager.

"The alternative investment funds manager specializes in early-stage venture capital investment, without having a termination date," Gugushev & Partners informed. "The above registration is a significant milestone that is expected to bolster the growing start-up ecosystem in Bulgaria and the region."

"The first evergreen EuVECA fund in the country follows EU Regulation №345/2013," the firm reported. "EuVECA funds can invest in unlisted companies with up to 499 employees and small and medium enterprises listed on an SME growth market. A significant advantage of the EuVECA label is that it enables managers to market their EuVECA funds not only to professional investors but also to high-net-worth individuals investing a minimum of EUR 100,000," while also making cross-border investment more accessible.

The Gugushev & Partners team was led by Senior Partners Victor Gugushev and Dimitrinka Metodieva and included Partner Daniela Petkova and Senior Associate Sevdelina Rabuhchieva.

Bulgaria Knowledge Partner

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu

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