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International Internet Magazine. Baltic States news & analytics Tuesday, 23.04.2024, 13:14

Baltcap setting up new infrastructure fund in Baltics

BC, Vilnius, 03.07.2017.Print version
Baltcap, the Baltics' largest private equity and venture capital fund manager, is setting up a new fund, Baltcap Infrastructure Fund, which is planning to invest 100 million euros in Baltic infrastructure projects, informs LETA/BNS.

Set up for 20 years, the fund should attract 100 million euros for the investment of money of the European Fund for Strategic Investments (EFSI), also known as the Juncker plan.

 

On Monday, Baltcap intends to sign a contract with investors, including the European Investment Bank, the Nordic Environment Finance Corporation (NEFCO), SEB Investiciju Valdymas (SEB Investment Management) and Swedbank Investiciju Valdymas (Swedbank Investment Management).

 

Sarunas Stepukonis, partner in the Baltcap Infrastructure Fund, told BNS the fund expects to attract 100 million euros.

 

Jeremie, the first investment fund in small- and medium-sized enterprises operated by Baltcap, was established in 2001, with two more such funds presented in Lithuania and Latvia in the 2010-2011 period.





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