In June 2017, BaltCap established a new investment fund – BaltCap Growth Fund – with the planned size of €50 million that will be making growth equity investments in SMEs. This new fund is a brand-new instrument in the Baltic market with such an investment focus (making €0.5 to €3 million investments, targeting 15-20 companies) aiming to assist small companies to grow into market leaders and also increase exports. For more information about BaltCap Growth Fund please see http://baltcap.com/news/2017/baltcap-launched-a-new-eur-50m-regional-growth-fund.
Our recent most significant contribution to the environmental sustainability is the launch of BaltCap Infrastructure Fund. It is a new €103 investment fund established in June 2017 that is backed by European Investment Bank, European Bank for Reconstruction and Development, Nordic Environment Finance Corporation (NEFCO) and Baltic pension funds (for further information please see http://baltcap.com/news/2017/100-million-baltcap-fund-will-invest-into-infrastructure-of-the-baltic-states, http://www.baltcap.com/press/news/more-steam-for-baltcap-infrastructure-fund-ebrd-invests-20-million).
BaltCap Infrastructure Fund primarily focus on providing development capital for transport, renewable energy, energy efficiency and municipal infrastructure projects in the Baltic States. Infrastructure development is one of the key priority areas for the Baltic region to improve competitiveness, independency and meet environmental targets. At the same time the Baltic countries are facing an estimated funding gap of €6 billion for infrastructure projects. With the strong support from international financial institutions and local pension funds we can address this funding gap. It is the first time in the region when the Estonian, Latvian and Lithuanian pension fund assets will be deployed to develop infrastructure for future generations. What is equally important, the fund will create new jobs and by its focus on renewable energy and energy efficiency it will significantly contribute to the climate change agenda.
At the beginning of 2019, BaltCap together with JBIC IG Partners (a Japanese government backed private equity and venture capital firm) established a new €100m fund focusing on venture capital investments in the Nordic and Baltic region. It targets the so-called New Nordics which in addition to traditional Nordic countries also includes Estonia and other Baltic States. The Fund is called NordicNinja.vc and it focuses on early stage investments into ICT/Deep Tech sectors, including Autonomous Mobility, Digital Health, AR/VR/MR, Artificial Intelligence, Robotics and IoT.
NordicNinja.vc investors will include large Japanese technology corporations like Honda, Omron and others. The Fund will utilize global network in Tallinn, Stockholm, Helsinki and Tokyo.