Venture Capital Funds in Costa Rica

©image: Garry Knight

In Costa Rica there are several venture capital funds, but they are private and cannot perform public offerings. The regulation to allow them to do it could be ready in a couple of weeks.

“José Rafael Brenes, CEO of the Costa Rican Stock Exchange, explained that Sugeval has the regulation almost ready, and could be ready in a few weeks”, reported Nacion.com.

Source: Nacion.com

More on this topic

Costa Rica: Venture Capital Funds

July 2011

The proposal to finance small enterprises using venture capital remains stalled.

Since last year, authorities have been analyzing financial market regulations that support the creation of the framework and its use for small businesses.

The delay, they say, is because they want to analyze every aspect of it, especially with regard to the risks, believing it could its use could become popularised among investors that do not meet the profile.

Costa Rica: Venture Capital Funds

July 2011

The connection between entrepreneurs with good ideas and sophisticated investment professionals results in venture capital funds.

For years, experts in this type of investment have tried to promote the development of a format that will allow the participation of several sophisticated investors in the financing of enterprises that require resources for their development.

Costa Rica: Expectations for Venture Capital Funds

November 2011

The regulations for the investment of venture capital funds, which were recently published by the Superintendency of Securities, have generated positive expectations from market participants.

Although there are differences of opinion, most experts in the field feel the addendum to the regulation of investment funds covers all the minimum elements that must be detailed in an instrument of this nature.

Venture Capital Funds in Costa Rica

November 2011

The primary objective of this scheme is the temporary investment in private bonds of recommended companies, which have not been registered on a stock market over the past five years.

Costa Rica’s National Council of Financial System Supervision approved the regulations covering the operation of the long-awaited Venture Capital Funds.