SICAR

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A société d’investissement en capital à risque (a “SICAR” to her friends) is a bespoke Luxembourg vehicle intended for venture capital or private equity investment.

Not to be confused with a SICAV or a SICAF, although if you try reading the Luxembourg netting opinion for GMRAs you will be sorely tempted.

See also

• Extraordinary rendition
• Netting opinion
• Luxembourg