LitCapital is a EUR 25 million growth capital fund established in cooperation with European Investment Fund (EIF) in 2010 under the JEREMIE initiative. LitCapital invests into growth of private SMEs in Lithuania. The fund is aimed at long term investments into private enterprises seeking faster business growth and expansion. Investment size varies between EUR 1-3.75 M, investment horizon is between 3 and 6 years.
Press
release
Press release
In high-growth companies
Generated 3.2x cash-on-cash return and > 26% internal rate of return so far
LcX Opportunity Fund is an EUR 34M size growth fund. It aims to invest in growing businesses and support their further development. LcX typically invests in either profitable or unprofitable business. If the business is unprofitable, it is expected that the loss can be justified by high scaling costs such as customer acquisition expenditures or other expenses aimed at accelerating company growth. LcX can provide fresh capital or acquire a minority or majority stake in the business. The Fund always works together with other shareholders and the management team to grow and improve the business.
LcX provides growth equity which adds substantial value to the portfolio companies. The Fund supports strategic and operational areas of the business, such as management and board recruiting, geographic expansion, acquisitions, revenue growth, operational efficiency, digitalization and financial management. The Fund succeeds when their portfolio companies succeed.
Press
release
Press release