BaltCap gains independence

BaltCap will continue to manage Baltic Investment Fund III and Baltic SME Fund with CapMan and Evli Group. The team will manage any future funds independently.

“The transaction adds flexibility and motivation to the local teams across the Baltics,” Peeter Saks, managing partner of BaltCap. “It’s a logical step in the private equity and venture capital industry where the majority of the funds are managed by independent and specialised managers.”

BaltCap has strong presence in all three Baltic countries with local offices and an experienced team of 10 investment professionals.

To date BaltCap has managed three investment funds with total capital of €70m and has made 35 investments out of which 22 have been fully exited.