BaltCap Inks EUR30 Million Latvian VC Fund Agreement With EIF

Eastern European private equity firm BaltCap has signed an agreement with the European Investment Fund (EIF) to establish a venture capital fund that will provide start-up and expansion financing to Latvian companies. The fund is targeting commitments totaling EUR30 million, EUR20 million of which will come from the EIF-managed JEREMIE Holding Fund and the remainder from local private investors, including Parex Asset Management, Hipo Fondi, LKB Krajfondi, and Pirmais Slegtais Pensiju Fonds.