Why is the operation of the fund spread over such a long period? 

During the first 3-4 years we are building our startups portfolio. This is the time when the managers, together with the operational team, search for companies in which they want to invest, conduct their verification (due diligence process), and make decisions if they want to invest during investment committees. After this period, the focus shifts to supporting the companies and gradually preparing for the divestment process, also called as the startup exit.