LitCapital LcX Opportunity Fund successfully closed at EUR 34 million

LitCapital LcX Opportunity Fund successfully closed at EUR 34 million

12/10/2020

Private equity fund management company LitCapital successfully closed its second fund — LitCapital LcX Opportunity Fund at EUR 34 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 LcX Opportunity Fund geography has expanded into all Baltic countries, Nordics and Poland.

About LitCapital

LitCapital so far has made 10 investments, 7 are already exited. In 2020, LitCapital made another successful 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. EUR 16.18 million will be invested from 2014-2020 European Regional Fund.

Websites

litcapital.lt

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