In comprehensive model, INIF as the first LP and other entities from Iran and a foreign country jointly as the second LP should provide up to a maximum of 99% of capital needed for a mutual VC Fund.

In this regard, another company as a GP will provide at least 1% of capital and manage the VC Fund.  All else is similar to simple model, except that in this model, the mutual VC Fund can also invest in foreign investee companies (from LP country).

In this case, GP can also operate as a Co-GP, meaning the two countries, Iran and another country, will jointly manage the VC Fund.