Private Equity Fund Managers May Be Replaced, State Will Take over Savings Integration Assets

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Center

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The regulation of private venture and private equity funds will be amended based on a bill submitted to the Parliament on Monday. According to the amendment, the fund manager of private investment funds is obliged to transfer the management of the fund if this is expressly initiated by at least 60 percent of the owners of the investment units (for example, a state organization as an investor). The bill would also abolish the Integration Organiza…

Privátbankár.hu

Factuality

Ownership

The regulation of private venture and private equity funds will be amended under the bill on amending certain laws necessary to protect and strengthen state-related assets and state-backed financing, submitted to the Parliament on Monday.