BaltCap launches its second €200M infrastructure fund

BaltCap, the largest private equity fund manager in the Baltics, has announced the first closing of its €200 million Infrastructure Fund II. BInF II is an Article 9 fund under the EU Sustainable Finance Disclosure Regulation, which means it will focus on sustainable investments.

• BaltCap is an independent private equity investor that focuses on small and mid-market buyouts and expansion capital investments. Recently, AIN.Capital ranked BaltCap as one of the 19 most active Baltic VC funds in H1 2023.

• The new fund will continue the strategy of BaltCap Infrastructure Fund I, with a goal of financing infrastructure projects with positive environmental and social impact. BInF II will primarily focus on investments in renewable energy projects such as wind farms, solar parks, biomass and biogas plants.
• It will also continue to help local municipalities increase the energy efficiency of their buildings as well as provide essential services, including establishing and renovating schools, public facilities, and other social infrastructure.

“The Baltic countries and Poland are facing an infrastructure funding gap of €250 billion over the next 7 years. With the backing of international institutional investors, BInF II will seek to address this gap and finance infrastructure projects that increase energy security and contribute to climate change mitigation,”

Simonas Gustainis, Managing Partner of BaltCap, said.

• The lead investor of BInF II is the European Investment Fund (EIF). One of the largest Swedish banks Swedbank, Nordic bank SEB, Estonian banking and financial services company LHV Pension, and Latvian Citadele group, also joined.