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Investment fund | Covid-19

Financing for large and medium-sized companies* whose operations were adversely affected by Covid-19, as well as for those large and medium companies that are ready to transform their current business model or adapt to the new realities of life and business. The total amount of the fund is EUR 100 million; Latvian pension fund managers have also invested in the fund.

* the number of employees equals or exceeds 150 employees or annual turnover over the last year exceeds EUR 50 million and the total balance sheet for the last year exceeds EUR 43 million.


  • For viable and well-managed companies that create added value for the Latvian economy:

    • Operate in high value-added industries

    • Employ a large number of people and make high mandatory social insurance contributions and personal income tax payments to the state budget

    • Create innovations and make innovative products

    • Are a systemic company in a given industry

    • The company has developed a competitive technical knowledge and competence base

  • The company’s priorities include sustainable and energy-efficient business, digital transformation, including in accordance with the European Union’s objective of achieving climate neutrality by 2050

  • For all sectors of activity, including agriculture and fisheries, and excluding ineligible sectors: gambling, financial and insurance activities, sale of weapons, tobacco, alcohol, real estate activities

  • The Covid-19 virus has affected the financial situation of the company and the company has a clear action plan to address the consequences of the Covid-19 virus on its economic activity

  • Investment amount per one company is up to EUR 10 million

  • Meant to finance investments as well as working capital


    Eligible types of investment

    • Investments in companies’ capital

    • Quasi-equity investments (including mezzanine and convertible loans)

    • Investments in listed bonds (including convertible bonds)


    AS "Attīstības finanšu institūcija Altum" is registered with the Financial and Capital Market Commission as Alternative investment fund manager on May 26, 2020


    AIF “Altum kapitāla fonds” is registered with the Financial and Capital Market Commission as alternative investment fund on 31 July 2020.

  • Annual reports

    2021 2020