Build Your Track Record Before You Get Your Licence

Launching a venture capital fund can take time—especially when regulatory approval is involved. As a firm registered under the Financial Conduct Authority’s (FCA) Registered Venture Capital Fund Manager (RVECA) regime, FSREG provides a regulatory and operational home for emerging managers looking to establish a track record, start deploying capital, and raise funds while preparing for full FCA authorisation.

Under our RVECA registration, we can host your fund so you can get to market quickly. We provide fund structuring, investor onboarding, compliance, and governance support from day one. This approach gives you credibility with LPs while maintaining the flexibility to transition to your own regulated structure when the time is right.

Our incubation model is ideal for solo General Partners, spinout teams, and first-time managers.

We help you prove your investment thesis, raise initial capital, and build operational muscle without the delays and costs of standalone licensing. Our team becomes your back office while you focus on building your brand and delivering returns.

By partnering with FSREG, you benefit from our institutional-grade infrastructure while remaining agile and entrepreneurial. Our model is designed to accelerate your entry into the market, while keeping your long-term independence in mind.

Whether you are pre-licence or considering your first institutional raise, our incubation framework gives you the tools, credibility, and compliance support you need to start strong and grow with confidence.

Talk to FSREG about incubating your fund under our regulatory umbrella.

Important notice 

This article is published by FSREG Partners Limited, which is registered with the Financial Conduct Authority (FCA) as a venture capital fund manager (FRN: 1018114).

This article is directed only at persons in the United Kingdom who have professional experience in matters relating to investments or are high net worth companies, unincorporated associations etc. for the purposes of article 49 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005.

Any investment or investment activity to which this article relates is available only to such persons, and will be engaged in only with such persons. Persons of any other description should not rely on or act upon this article.

This article is for general information only. It is not comprehensive and does not constitute legal, investment or regulatory advice. FSREG Partners Limited accepts no liability for actions taken or not taken on the basis of its contents.

© 2025 FSREG Partners Limited (www.fsreg.com). All rights reserved.