Baltic governments provide €200m for PE funds

At least €200m will be given to Baltic funds next year, the lobby group said.

The three governments will join forces with the European Investment Fund and create a €100m fund-of-funds, the Baltic Innovation Fund. The vehicle will invest in regional funds, which will look to raise an additional €100m of private capital.

The initiative is a major boost for private equity in the region, where 80% of deals are worth less than €5m and where private equity investment is just a seventh of the European average as a proportion of GDP, according to EstVCA.

However, economic growth prospects in the Baltics are strong – GDP growth forecasts for this year are around 5%, EstVCA says.

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• Topics
• CEE
• Estonia
• Latvia
• Lithuania
• European Investment Fund