collective investment undertakingmeans an AIF as defined in point (a) of Article 4(1) of Directive 2011/61/EU;
committed capitalmeans any commitment pursuant to which an investor is obliged, within the time frame laid down in the rules or instruments of incorporation of the qualifying venture capital fund, to acquire an interest in, or to make capital contributions to, that fund;
competent authority of the host Member Statemeans the authority of a Member State other than the home Member State in which the qualifying venture capital fund is marketed;
equitymeans ownership interest in an undertaking, represented by the shares or other forms of participation in the capital of the qualifying portfolio undertaking, issued to its investors;
home Member Statemeans the Member State in which the manager of a qualifying venture capital fund has its registered office;
host Member Statemeans the Member State, other than the home Member State, where the manager of a qualifying venture capital fund markets qualifying venture capital funds in accordance with this Regulation;
manager of a qualifying venture capital fundmeans a legal person the regular business of which is managing at least one qualifying venture capital fund;
marketingmeans a direct or indirect offering or placement at the initiative of the manager of a qualifying venture capital fund, or on its behalf, of units or shares of a venture capital fund it manages to or with investors domiciled or with a registered office in the Union;
pre-marketingmeans provision of information or communication, direct or indirect, on investment strategies or investment ideas by a manager of a qualifying venture capital fund, or on its behalf, to potential investors domiciled or with a registered office in the Union in order to test their interest in a qualifying venture capital fund which is not yet established, or in a qualifying venture capital fund which is established, but not yet notified for marketing in accordance with Article 15, in that Member State where the potential investors are domiciled or have their registered office, and which in each case does not amount to an offer or placement to the potential investor to invest in the units or shares of that qualifying venture capital fund.
qualifying investmentsmeans any of the following instruments:
qualifying portfolio undertakingmeans an undertaking that:
qualifying venture capital fundmeans a collective investment undertaking that:
quasi-equitymeans any type of financing instrument which is a combination of equity and debt, where the return on the instrument is linked to the profit or loss of the qualifying portfolio undertaking and where the repayment of the instrument in the event of default is not fully secured;
relevant costsmeans all fees, charges and expenses which are directly or indirectly borne by investors and which are agreed between the manager of a qualifying venture capital fund and the investors therein;