pickpik
The Estonian Ministry of Economy states that the EIF will provide €75 million to the fund, with each of the Baltic countries contributing €50 million.
BIF 3 will enhance companies' ability to obtain capital by supporting investments in local funds. This will enable growth-stage companies to raise a total amount of up to €700 million, which includes private equity investments.
Estonian Minister of Economy and Industry, Erkki Keldo, described the new fund as a much-anticipated advancement in the Baltic private equity and venture capital market.
About 70% of BIF 3's total volume will be directed toward funds that invest in growth-stage companies, while the remaining portion will be allocated to funds that focus on more established companies. Investments are being planned to be spread across 8 to 11 funds over a period of five years.
BIF 3 came after the establishment of two innovation funds, BIF 1 and BIF 2, which have invested more than €1.19 billion in regional companies since 2013.
source: reuters.com
BIF 3 will enhance companies' ability to obtain capital by supporting investments in local funds. This will enable growth-stage companies to raise a total amount of up to €700 million, which includes private equity investments.
Estonian Minister of Economy and Industry, Erkki Keldo, described the new fund as a much-anticipated advancement in the Baltic private equity and venture capital market.
About 70% of BIF 3's total volume will be directed toward funds that invest in growth-stage companies, while the remaining portion will be allocated to funds that focus on more established companies. Investments are being planned to be spread across 8 to 11 funds over a period of five years.
BIF 3 came after the establishment of two innovation funds, BIF 1 and BIF 2, which have invested more than €1.19 billion in regional companies since 2013.
source: reuters.com
