Wenger Vieli advised Swiss Startup Group on obtaining a FINMA licence as manager for collective assets for its subsidiary Serpentine Ventures.
Serpentine Ventures is Switzerland’s first FINMA licensed venture capital asset manager managing a well diversified fund portfolio covering the entire lifecycle in venture capital from highly innovative pre-seed companies to established start-ups in their growth phase. Through the unique combination of the investment experience, the highly diversified skill set of the team, and the access to the Swiss Startup Group venture platform Serpentine Ventures is at the sweet spot to scout and invest in promising opportunities and to deliver attractive risk-adjusted returns to its qualified investors. The value proposition has been proven by three successful exits.
Wenger Vieli acted as legal advisor to Serpentine Ventures in connection with the corporate and regulatory framework and assisted on all aspects in connection with the FINMA licensing procedure. The legal team was led by Martin Peyer (partner, financial services) and included Regula Grunder (counsel, financial services), Zarah Kronbach (associate, financial services), Barbara Brauchli Rohrer (partner, tax), Noëmi Kunz-Schenk (counsel, tax), Patrick Näf (senior associate, employment) and Michèle Joho-Menotti (senior associate, notarial services).