BaltCap has successfully attracted private fundraising for the first ever risk capital fund to invest into Lithuanian SMEs.
This forms part of the European Investment Fund (EIF)-managed JEREMIE Holding Fund initiative in Lithuania.
This fund will focus on expansion financing of SMEs with established operations and growth potential taking equity stakes of up to €3m with the aim to build a diversified portfolio of 7-15 investments selected by the management team of BaltCap.
The €20m fund consists of €14m provided by the JEREMIE Holding Fund and €6m raised from leading institutional investors, including SEB Venture Capital, LHV Asset Management, Swedbank Asset Management and DnB NORD Asset Management.BaltCap is also raising BaltCap Latvia Venture Capital Fund, which will target SMEs in Latvia under the JEREMIE initiative with a target size of €30m.
FinSMEs
27/04/2010