VIG AIF Waitlist
First-look access to the VIG Alternative Investment Fund.
VIG currently operates a private fund and project-specific SPVs. An application to register an Alternative Investment Fund (AIF) under Bulgarian and EU AIFMD frameworks is in preparation. The waitlist gives registered investors the first read of the AIF prospectus, named service stack, and subscription terms when the regulatory process completes — before any public launch.
Joining the waitlist is not a subscription, not a commitment, and not a reservation of an allocation. AIF launch is subject to regulatory review by the Financial Supervision Commission (FSC / KFN). No AIF-specific marketing materials are circulated before authorisation.
Join the priority list.
We ask a few questions so the IR team can match your profile to the right conversation when the AIF is cleared to discuss publicly.
What actually changes
Before AIF vs. after AIF.
We prefer under-promising. These are the structural differences we expect once the VIG AIF is authorised. Scope and timing may shift under regulatory review.
| Dimension | Today (private fund + SPVs) | At VIG AIF launch |
|---|---|---|
| Fund-level pooling | Each investment is a bilateral agreement with a dedicated project SPV. Gains and losses do not net across projects. | Fund-level pooling becomes available as a separate vehicle, with diversification across the VIG project portfolio and fund-level waterfall. |
| Named service stack | Project-level legal, administrator, and audit engagements are disclosed per project memorandum. | Fund-level auditor, administrator, and depositary are appointed and named publicly under AIFMD requirements. |
| Passporting | Subscriptions are handled bilaterally under Bulgarian commercial law. | AIFMD passporting enables cross-border marketing into permitted EU jurisdictions under applicable NCA rules. |
| Regulatory reporting | VIG publishes quarterly project updates and exit reports directly to investors. | In addition to investor reporting, the fund is subject to AIFMD periodic reporting to the Bulgarian FSC (KFN). |
Nothing on this page is an offer to sell or a solicitation to buy securities, fund interests, or AIF units. Regulatory authorisation is required before any AIF-specific subscription documentation is shared.
Not waiting? You can invest through VIG today.
The current SPV structure is open for subscriptions. The AIF waitlist is for investors who prefer to allocate through a regulated fund vehicle once it launches.