It has not yet arisen as a question until recently what liability the managers of venture capital funds have for the capital funds managed by them or even towards the investors of the funds. No practice has developed in respect of Act on Investment Trusts and their Managers entered into force in 2014 either but it seems that their liability may be still dubious on the basis of the recently published data. The expert of KRS Attorneys-at-Law, dr. Attila Pintér specialising in investments was questioned about the liability of venture capital fund managers.