GILD launches EUR50m second fund

Estonia-based investment bank GILD Bankers has launched its second private equity fund, GILD Long Haul II, with a target of EUR50m. GILD Long Haul II will invest in companies in the Baltic States, Central and Eastern Europe and the Commonwealth of Independent States, excluding Russia. The Luxembourg-based fund will have a 10+2 year lifespan and will be structured as a corporate partnership limited by shares under the laws of the Grand Duchy of Luxembourg; organised as an investment company in risk capital or SICAR.

GILD fund managers previously managed New Economy Ventures (GILD Long Haul I), which was established in 1999 and has provided a net return to its investors of more than 31% over the last nine years.

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