Name of the fund
Baltic Capital Market Acceleration Fund (BCMAF)
The IPO fund is the first initiative of its kind in the Baltic region that has been jointly set up by development finance institutions ALTUM (Latvia) and ILTE (Lithuania), attracting also private investors. The Investment Fund (IPO) finances small and medium-sized enterprises, mainly in Latvia and Lithuania, which intend to quote securities on the Baltic stock exchanges.
Expected impact of the IPO Fund on the Baltic economy:
- It is planned to raise EUR 200-250 million of capital through public markets in Latvia and Lithuania over a period of 10 years
- Promote new stock and bond quotations on Nasdaq Baltic stock exchanges
- Strengthen the Baltic financial ecosystem
Objectives of the IPO Fund
Support businesses ahead of the IPO and during the IPO stage
Promote development of the capital market in the Baltics
Helping companies prepare for public issuance of securities
Provide structured governance and investor access to encourage additional capital raising for growth
Structure of the IPO Fund
Manager
UAB I Asset Management (Lithuania) in cooperation with SIA Baltic Partners (Latvia)
They were recognized as the best team at the selection process for the competition announced in 2024
Supervision
Bank of Lithuania
Maturity
10 years + possibility to extend by 1+1 years
Total amount
· Minimum amount of the fund EUR 48.78 million
· Planned amount of the fund EUR 50 million
· Maximum amount of the fund EUR 100 million
Investments
· ALTUM – EUR 20 million
· ILTE – EUR 18.78 million
· private investors – EUR 10 million
Other private investors
In addition, private equity will be attracted in the amount of at least 50% of each transaction
Amount of investment
EUR 2 – 7 million
Value of target companies
EUR 5 – 100 million
Investment sector
Various sectors, such as consumer goods, financial services, e-commerce, agriculture, health, B2B, etc.
Investment strategy
≥ capital of new shares 60%
≤ issuance of bonds 40%
Geographical breakdown
≥ EUR 20 million in Latvia
≥ EUR 18.78 million in Lithuania
Other — EU Member States (Central and Eastern European countries)
Contacts
· E-mail: info@1am.lt; info@balticpartners.eu
· Telephone: +370 621 72826
· Baltic Capital Market Acceleration Fund
