ALTUM and ILTE Start a New EUR 50M Chapter for Baltic Capital Markets

This October, Lithuania’s development bank ILTE and Latvia’s ALTUM announced the establishment of the Baltic Capital Markets Acceleration Fund (BCMAF). The fund is managed by the Lithuanian company 1 Asset Management, and its total size exceeds EUR 50M. Its aim is to provide long-term financing to Baltic SMEs and mid-cap firms preparing for stock market listings, primarily in Lithuania and Latvia. By investing through new share and bond issues over 10 years, it is expected to boost equity and bond listings on Nasdaq Baltic exchanges, enhancing market liquidity and access to growth capital across the region.

Full article by Kostiantyn Tupikov can be read here.