Regulatory Alerts2026-04-24
Added · Updated
Venture Capital Funds Act (WKFG)
The Austrian Federal Act on Venture Capital Funds (WKFG) establishes the legal framework for venture capital funds, requiring them to be structured as closed-ended stock companies known as WK-AGs. It mandates that these funds be managed by authorized Alternative Investment Fund Managers and restricts permissible investments to specific unlisted equities, partnerships, and debt securities while enforcing strict risk diversification and valuation rules. The legislation further defines governance standards for management and supervisory boards, outlines the segregation of assets in sub-pools, and subjects fund establishment and distribution to the supervision of the Financial Market Authority.
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