As a EuVECA fund, it is required that at least 70% of the capital committed must be invested in equity or quasi-equity issued by companies based in the EU or in cooperative jurisdictions (e.g. UK, US, Israel, Japan, etc) which, at the time of the first investment, employ less than 499 people and which is not a fund nor a regulated financial entity. The remaining 30% of the capital can be invested in other types of assets.