venture capital investment

a designated investment which, at the time the investment is made, is:

1. (a) in a new or developing company or venture; or
1. (b) in a management buy-out or buy-in; or
1. (c) made as a means of financing the investee company or venture and accompanied by a right of consultation, or rights to information, or board representation, or management rights; or
1. (d) acquired with a view to, or in order to, facilitate a transaction falling within (a) to (c).1