BaltCap has attracted private fundraising for the first ever risk capital fund to invest into Lithuanian SMEs. It forms part of the European Investment Fund managed Jeremie Holding Fund initiative in Lithuania. The fund will result in EUR20m being invested into Lithuanian micro, small and medium enterprises. It will focus on expansion financing of SMEs with established operations and growth potential taking equity stakes of up to EUR3m with the aim to build a diversified portfolio of seven to 15 investments selected by the management team of BaltCap. The fund consists of EUR14m provided by the Jeremie Holding Fund and

Vision Opportunity China Fund has invested USD2.0m in Silver Pearl Enterprises as part of a USD23.15m financing by private placement.  Simultaneously with Vison’s investment, Silver Pearl has acquired all of the issued and outstanding ordinary shares of Keyuan International Group through a reverse merger.  Keyuan International conducts its business through its wholly-owned subsidiary Keyuan Plastics, which is an independent China-based manufacturer of a wide range of petrochemical products, including BTX aromatics, styrene and propylene.  Keyuan Plastics owns and operates an annual 550,000 metric tonne capacity petrochemical facility in Ningbo, Zhejiang province, which commenced production in October 2009. The net proceeds

Palamon Capital Partners, a European mid-market private equity firm, has sold its majority stake in Stockholm-based Nordax Finans to Vision Capital, a European investment firm.  The transaction, valuing Nordax at EUR105m, is subject to approval by the Swedish Financial Supervisory Authority. Nordax provides unsecured loans to individuals of good credit standing across the Nordic region and operates in Sweden, Norway, Denmark and Finland.  Nordax was established in late 2003 by a management team of five principals led by chief executive Morten Falch with the backing of Palamon.  Erik Ferm (pictured), a partner at Palamon, says: “It has been a fantastic

The National Venture Capital is entering into a partnership with VentureChoice to broaden its venture investment activities. Located in capital city Ulaanbaatar, National Venture Capital is the largest non banking financial institution in Mongolia. It provides financing opportunities to regional start-ups and growth stage companies. National Venture Capital is using the relationship to expand its reach while implementing venture management best practices. As part of its plans for a new investment fund, National Venture Capital is adopting Heptalysis methodology for venture assessment with staff currently undergoing a formal certification programme.    Tumendelger Baljinnyam, National Venture Capital’s general manager, says: "We

SEI has launched an online guide that details the key features and requirements of the investment product packaging options predominant in today’s market. The Global Asset Management Product Guide is designed to help investment managers understand and compare a broad range of potential investment vehicles so they can target additional growth opportunities in light of investors’ increasing demand for flexible product packaging options.   SEI created the guide with the help of several distribution consultants and legal experts in the US and Europe. It details the key features of a wide range of investment vehicles, including the regulatory, operational, and distribution

Munich-based venture capital firm Target Partners has invested with Thomas E. Noonan and TechOperators in JouleX, an Atlanta-based developer of software for reducing the energy usage of IT networks. JouleX will use the funds to further expand development and sales of its products in the US and EMEA.   “JouleX convinced us with its clear business case, stable and scalable technology and first class team,” says Olaf Jacobi (pictured), partner at Target Partners. “Through our industry contacts we were able to supplement the management team of founder Josef Brunner by successfully recruiting Tom Noonan as chief executive and René Seeber