Livonia Partners to launch new fund

It will target a fund size in the range of €150-200m, he said, estimating that the fundraising could take around 12 months from the start. The new fund expects to deploy equity tickets in the range of €10-20m.

Livonia manages equity capital of €83m; it held a final close for its previous fund on €70m, according to Unquote Data.

The firm expects to raise capital from local and regional investors, including from its existing investors, Utkevicius said.

Its current investors include The Baltic Innovation Fund (BIF), a fund-of-funds initiative by the European Investment Fund in co-operation with Lithuanian, Latvian and Estonian governments; European Bank for Reconstruction and Development; the funds of Baltic banks Swedbank, Citadele, and LHV; and an unspecified Scandinavian investor, Utkevicius said.

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