Establishment of BaltCap Private Equity Fund II

01.01.2013 Establishment of BaltCap Private Equity Fund II

TGS Baltic advised Baltcap on the establishment of the Baltcap Private Equity Fund II (BPEF II) with a funding target of 100 million euros. Investors in the fund include the European Investment Fund (investing through the Baltic Innovation Fund, a fund-of-funds initiative between EIF and the governments of Estonia, Latvia and Lithuania acting through their respective national agencies: KredEx, LGA and INVEGA) and the European Bank for Reconstruction and Development, as well as Baltic pension funds managed by Swedbank Investment Funds, LHV Asset Management and Danske Capital.

BPEF II will make equity investments in innovative companies based in the Baltic region, focusing on buy-and-build opportunities that offer the potential for BaltCap to capitalize upon the unique Baltic market opportunity.

The firm assisted in preparation of the required documentation and obtaining the favourable opinion of the Central Bank of Lithuania, ensuring that Lithuanian pension funds can invest in private equity structures.