Eligibility Criteria for Fund Managers
To ensure a focus on high-quality VCs, assessment will only be conducted for those VCs that meet the following eligibility criteria:
Size of Venture Capital Fund Managers
- Local VCs must have a minimum AUM of BDT 50 Cr (AUM waiver applies for emerging fund managers).
- Global VCs must have a minimum AUM of USD 50 Mn.
Alignment of Fund Investment Strategy
- The VC's investment strategy must align with our investment thesis, including focus sectors, geographies, and impact areas.
Presence in Bangladesh/Developing Markets
- The VC must have invested in startups in Bangladesh or other emerging economies.
Fundraising Capability and Allocation Strategy
- Our FoF’s investment must not exceed 49.99% of the partnership fund size.
- The VC must earmark an additional amount at least equal to what is raised from our FoF (1:1 matching) towards BD.
Reputation and Credibility
- The VC must not have faced fraud, regulatory penalties, or unethical behavior (e.g., MAS notifications on enforcement actions in Singapore can be referred).
- The VC must have a proven 3+ year fund management track record in any country, with an IRR of over 15% from previous funds.
- An Emerging Fund Manager must have prior experience in Venture Capital, Private Equity, or related fields.
Relevant Experience & Expertise of the Team
- Key people (CEO, CIO, & Partners) must have a minimum of 7 years of relevant experience in fund management.
- The VC must have a team with relevant experience in PE, VC, Entrepreneurship, Banking, M&A, or Capital Markets.
Legal and Regulatory Compliance
- The VC must be registered with a recognized regulatory body in its respective jurisdiction (e.g., BSEC in Bangladesh, MAS in Singapore).
For More Information:
Email: rashel@startupbangladeshvc.gov.bd
