GMM FUND MANAGEMENT APPROVED BY CYSEC AS THE NEW FUND MANAGER FOR THE STATE VENUS SUB FUND ONE
On January 18th, 2021, it was announced that the State Venus Sub-Fund One was registered with CySEC under Registration no. RAIF63_1.
This fund is open to well-informed and professional investors, follows a Private Equity oriented strategy and is placed under a RAIF umbrella. The Investment Compartment will invest in shares with the intention of acquiring the control of private institutional organizations. The Investment Compartment may invest in equity of companies with any market capitalization and nature of business activities, but will generally focus on large cap equity. The Investment Compartment may also invest in convertible equity and non-convertible preferred stock.
Equity includes common stock, preferred stock, equity convertible into common stock, or equity or other instruments whose price is linked to the value of common stock. The fund’s Depositary is Eurobank Cyprus, its Administrator is PriceWaterhouseCoopers Fund Services Ltd, the Fund’s Legal Consultant is LLPO Law Firm Ltd and its Auditor is KPMG Cyprus.