Baltic VCAs band together to form regional association

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The private equity and venture capital associations of Estonia, Latvia and Lithuania have formed the joint industry organisation Pan-Baltic VCA.

Estonian VCA board chair Kalmer Kikas told unquote" the formation of Pan-Baltic VCA is a "plan to bring the Baltic venture capital and private equity market under a joint umbrella".

Pan-Baltic VCA will be formally launched at the annual Joint Baltic VC Summit in Estonia on 25 August in an effort to promote the region's private equity and venture capital industry on an international scale.

In its earliest form, the new association will be based on the existing teams of the Estonian VCA (EstVCA), Lithuanian VCA (LVCA) and Latvian VCA (LT VCA).

The lobbying group will manage public relations for the industry, representing the three bodies with cornerstone international financial institutions such as the European Investment Fund and European Bank for Reconstruction and Development, as well as institutional investors and non-EU VCAs.

In addition to these responsibilities, Pan-Baltic VCA will also organise forums, training seminars and other industry-related events for industry professionals and others, as well as lobby for regulatory and legal framework and publish industry information.