Poland's proposed KFI fund vehicle poses regulatory alternative to ASI for PE/VC

Poland's draft act introduces the Kwalifikowany Fundusz Inwestycyjny (KFI), a new investment vehicle for private equity and venture capital, offering an alternative to the existing ASI structure. The change introduces new regulatory, supervisory, and organizational requirements for managers, potentially reshaping fund structuring in Poland. The proposal is at legislative stage, with final terms and market adoption uncertain.