Baltic Capital Markets 
Acceleration Fund

Growth private equity fund for SMEs and mid-cap Baltic champions with ambition to become listed on stock exchange.

The Baltic Capital Markets Acceleration Fund is the first initiative of its kind in the region. With a target size exceeding €50 million, the fund provides long-term financing and invests in Baltic companies with clear plans to go public, acting as a catalyst for accelerating the development of local capital markets. By helping companies prepare for the listing process, the fund seeks to unlock growth opportunities, increase market liquidity, and attract a broader investor base to the region. €38.8 million was invested in the fund by institutional investors ILTE and ALTUM.

Visit Baltic Capital Markets Acceleration Funds website

Investment Principles

The fund’s strategy is based on clear and disciplined principles:

Companies planning to enter public markets
Companies planning to enter public markets

Fund invests in SMEs and innovative mid-caps with clear plans to become publicly listed companies. Investments are directed into newly issued share capital or bond placements.

Broad investment 
strategy
Broad investment 
strategy

Focusing on established and commercially viable companies with enterprise values of €5–100 million, which are expected to form the core of the portfolio.

Baltic focus
Baltic focus

The majority of capital will be allocated to Lithuanian and Latvian companies, with the remaining part available for investments in the broader CEE region.

Investment size
Investment size

Individual ticket sizes of €2–7 million, with the fund typically providing up to 50% of the total financing raised. The fund often acts as a lead or anchor investor, inviting others to join, but can also participate as a co-investor alongside trusted partners.