Definition
Venture capital entities established as funds, that is, without legal personality.
Further information
Lacking legal personality, their management and representation will necessarily be the responsibility of a management company.
These entities are included in the ‘non-MMF investment funds’ subsector of the economy, S.124 in the sectorisation of the European System of Accounts 2010.
Related concepts
- Non-MMF investment funds
- Management companies of collective investment schemes
- Venture capital entities
- Closed-end collective investment
References
- Sectorisation table (European System of Accounts 2010).
- European System of Accounts 2010. Interactive version.

Legal frame
Update date: May 2025