Latvian Guarantee Agency seeks managers for local VC funds

The GPs will initially be managing €10m each. The capital commitments, which derive from the Joint European Resources for Micro to Medium Enterprises (JEREMIE) initiative, may be increased to €15m for the best performing funds. The LGA will be able to deploy a total of €40m under the investment programme.

Head of venture capital and loan funds Krišjānis Zariņš represents the Latvian Guarantee Agency. The deadline for applications has been set to September 19, 2012.

In addition, the agency plans to commit €20m to the €100m Baltic Innovation Fund, a Baltic fund of funds intended to support larger GPs in the region.

Last month, Lithuania-based Practica Capital funds received a total of €17m as part of the JEREMIE initiative.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Nordics
• Venture
• Fundraising
• Latvia