Private equity fund management company LitCapital has closed its second fund – LitCapital Opportunity Fund at EUR34 million. All investors of the predecessor fund have made commitments into the new fund, almost all of them have increased their commitments. In addition, LitCapital managed to attract key institutional Baltic pension fund investors. Solid fund size and willingness of Fund investors to co-invest provides LitCapital with opportunities to provide substantial growth capital investment to companies in the range of EUR 3-10 M per company. In addition, LitCapital Opportunity Fund geography has expanded into all Baltic countries, Nordics and Poland.
LitCapital so far has made 10 investments, 7 are already exited. In 2020 LitCapital has made another successfull exit (NNL LT). As of today LitCapital portfolio has generated more than 25% IRR and delivered more than 2.6x multiple on invested capital. The Fund is established with co-operation with Invega. EUR16,18M will be invested from 2014-2020 European Regional Fund.
