Latest news with #IVCA
The Hindu
3 days ago
- Business
- The Hindu
IVCA directs VCs to migrate to AIF framework before SEBI deadline
Indian Venture Capitalist Association (IVCA) directed venture capitalists who have not migrated to AIF framework, to do so before the SEBI deadline of July 19, 2025, according to a statement. 'Despite the regulatory clarity and incentives provided under this framework—including a simplified re-registration process, fee waivers, and tailored compliance requirements— the response to the said scheme is understood to be tepid. This low uptake is a cause for concern,' IVCA said in its statement. According to the SEBI circular dated August 2024, a migrated venture capital fund will be considered an Type 1 AIF. 'The old VCF (Venture Capital Fund) guidelines were existing even in the late 1990s, and in 2012, the AIF regulations were introduced. Every fund has a limited life of generally 8-10 years. There are a lot of VC funds registered with SEBI. And as of date, many of the VCs while their tenure has got over, have not completed their winding up and termination process via-a-vis erstwhile VCF regulation of SEBI,' said Rahul Shah, Executive Vice President of IVCA. ' He further added that the members of IVCA felt that the July 19 deadline was too quick for them to comply and that they'd prefer liquidating the VC funds first before migrating.' He further added that the VC fund managers were of the view that they rather than make efforts liquidating the current investments in the fund by the given deadline and then apply for migration, the IVCA was pushing them to complete the migration process before the deadline.
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Business Standard
3 days ago
- Business
- Business Standard
IVCA urges legacy VCFs to act fast on Sebi's one-time migration window
India's top private capital industry body is calling on legacy venture capital funds (VCFs) to act swiftly on a key regulatory deadline, warning that delays could disrupt compliance and fund governance. The Indian Venture and Alternate Capital Association (IVCA) on Friday urged VCFs registered under the now-defunct SEBI (Venture Capital Funds) Regulations, 1996, to migrate to the Alternative Investment Fund (AIF) regime by 19 July 2025. The migration is part of a framework unveiled by the Securities and Exchange Board of India (SEBI) in August 2024. 'This is a critical regulatory window for legacy VCFs to realign with the current AIF framework,' said Rajat Tandon, President, IVCA. 'The migration framework introduced by SEBI not only offers operational clarity but also provides a structured path for managing residual assets and ensuring regulatory compliance.' Under the new framework, qualifying VCFs, including those with unliquidated investments or expired schemes not yet wound up, have been granted a one-time window to transition into a new sub-category called Migrated Venture Capital Funds (MVCFs). The framework includes incentives such as fee waivers, a simplified re-registration process, and tailored compliance requirements. 'Despite regulatory clarity and incentives provided under this framework, the response to the said scheme is understood to be tepid. This low uptake is a cause for concern,' said IVCA. The industry body has called on all legacy VCFs, particularly those still holding residual assets, to promptly assess their eligibility and submit applications to the regulator for migration under the new framework before the given deadline. It also advised funds that have completed winding up or have not made any investments to formally surrender their registrations. The migration effort is part of SEBI's broader agenda to streamline fund structures and enhance investor protection, as India positions itself as a global fund management hub.
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Business Standard
3 days ago
- Business
- Business Standard
IVCA asks VCFs to act on Sebi circular, migrate to AIF regime by July 19
The Indian Venture and Alternate Capital Association (IVCA) has asked all Venture Capital Funds (VCFs) operating under the repealed Sebi (Venture Capital Funds) Regulations, 1996, to take note of migration rules introduced via Sebi's circular dated August 19, 2024. According the Sebi directive, VCFs with schemes whose liquidation period has not expired and VCFs with at least one scheme whose liquidation period has expired, but not wound up and continues to hold unliquidated investments, now have the option to migrate into the Alternative Investment Fund (AIF) regime under a newly introduced sub-category: Migrated Venture Capital Funds (MVCFs). The deadline for submitting applications for this is July 19, 2025. Rajat Tandon, president of IVCA, said, 'This is a critical regulatory window for legacy VCFs to realign with the current AIF framework. The migration framework introduced by Sebi not only offers operational clarity but also provides a structured path for managing residual assets and ensuring regulatory compliance. We urge all concerned VCFs to evaluate this option without delay. IVCA will continue to be the bridge between our members and Sebi, ensuring all necessary support is available throughout the migration process.' Despite the regulatory clarity and incentives provided under this framework, including a simplified re-registration process, fee waivers, and tailored compliance requirements, the response to the said scheme has been tepid, which is a cause for concern. IVCA has urged all legacy VCFs, especially those who are holding residual assets, to immediately evaluate their eligibility and apply to Sebi for migration before the due date. VCFs requiring support or clarification may reach out to IVCA or directly contact Sebi at the earliest. Those VCFs who have wound up all schemes or schemes where no investment has been made are further urged to surrender their registration to Sebi. This transition is aimed at creating a more consistent and robust framework for fund governance, investor protection, and asset resolution. IVCA remains committed to supporting its members and the broader ecosystem during this important phase.
Entrepreneur
3 days ago
- Business
- Entrepreneur
IVCA Urges Legacy VCFs to Act on SEBI Migration Framework Before July 2025 Deadline
Under this framework, VCFs with active schemes or schemes that have expired but still hold unliquidated investments can opt to transition into the Alternative Investment Fund (AIF) regime under a new sub-category—Migrated Venture Capital Funds (MVCFs). You're reading Entrepreneur India, an international franchise of Entrepreneur Media. The Indian Venture and Alternate Capital Association (IVCA) has issued a clarion call to all legacy Venture Capital Funds (VCFs) to urgently act on the Securities and Exchange Board of India's (SEBI) migration framework before the looming deadline of July 19, 2025. SEBI, through its circular dated August 19, 2024, introduced a one-time migration window for VCFs operating under the now-repealed SEBI (Venture Capital Funds) Regulations, 1996. Under this framework, VCFs with active schemes or schemes that have expired but still hold unliquidated investments can opt to transition into the Alternative Investment Fund (AIF) regime under a new sub-category—Migrated Venture Capital Funds (MVCFs). The move is seen as a major regulatory overhaul intended to modernise India's fund ecosystem, offering operational clarity and a structured path for legacy funds. Despite the advantages, the response to the migration framework has reportedly been lukewarm. Rajat Tandon, President of IVCA, emphasised, "This is a critical regulatory window for legacy VCFs to realign with the current AIF framework. The migration framework introduced by SEBI not only offers operational clarity but also provides a structured path for managing residual assets and ensuring regulatory compliance," he said. "We urge all concerned VCFs to evaluate this option without delay. IVCA will continue to be the bridge between our members and SEBI, ensuring all necessary support is available throughout the migration process." The framework includes several incentives such as simplified re-registration, fee waivers, and customised compliance norms. However, the slow uptake is raising concerns among industry observers and regulators. IVCA is urging all eligible legacy VCFs—particularly those with residual assets—to assess their status and apply for migration promptly. VCFs that have either not made any investments or have wound up all their schemes are encouraged to formally surrender their registration to SEBI. "This transition is not merely regulatory housekeeping—it's about building a more robust and transparent fund governance ecosystem," said Tandon. For further guidance, VCFs are advised to reach out to IVCA or directly engage with SEBI to ensure timely compliance. IVCA is the apex industry body for the alternate capital industry in India, representing over 450 funds with a combined AUM exceeding USD 350 billion. It advocates for policy development, supports innovation, and aims to position India as a global fund management hub.
RTÉ News
26-05-2025
- Business
- RTÉ News
VC funding into Irish SMEs soars in first quarter to €533m
Venture capital funding into Irish SMEs jumped to €532.8m in the first quarter of 2025, new figures from the Irish Venture Capital Association Venture Pulse survey shows. This was a record for a first quarter and marked a year-to-year increase of over 100%. The survey is carried out in association with William Fry. It showed that deals in the €30m+ category grew by nearly 90% to €296.8m, while funding in the €10m-€30m range soared by 184% to €132m. Meanwhile, deals between €5m-€10m jumped by 138% to €43.8m and funding in the €3-€5m surged by 346% to €35m from €7.8m the previous quarter. But deals in the €1m-€3m category fell by 5% to €21.6m, while deals under €1m fell by 42% to €3.6m from €6.2m the previous year. The IVCA said there was big a big fall in the number of deals in this category, down from 21 to six. Seed funding, or first rounds raised by SMEs, fell by 3% to €39.3m from €40.4m the previous year, it added. The total number of deals in the first quarter was 43, slightly ahead of the same quarter last year when the number of deals came to 41. Top five deals in the first quarter were lifescience company, Let's get Checked which raised €150m. Cybersecurity firm Tines raised €115m followed by AI company, Protex AI (€31.8m), drone delivery firm, Manna (€27m) and medical technology manufacturer, Perfuze (€22m). The first quarter excluded the impact of US "Liberation Day" tariffs on April 2, Gerry Maguire, Chairperson of Irish Venture Capital Association, said anecdotal evidence suggested that the uncertainty and caution caused by this, especially amongst international investors, is likely to show up in following quarters. Sarah-Jane Larkin, director general, IVCA said that funding by international venture capital into Irish companies rose to 82% of the total, compared to 71% in the same quarter last year. "This is a doubled edged sword. While it reflects the high quality and potential of Irish tech firms and demand by overseas investors, it also reflects Ireland Inc's vulnerability to international influences if the tide goes out," she added,
