Latvijas Riska kapitāla asociācija

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07.07.2021 Baltic Private Equity and Venture Capital Market Overview 2020 Baltic Private Equity and Venture Capital Market Overview 2020 Baltic VCAs and Deloitte are honored to present the Baltic Private Equity and Venture Capital Market Overview 2020, which has been prepared by the parties for the second year running. The report features insights into the Baltic market trends, fundraising, investments, divestments, and much more. 01.07.2021 Private equity invests in record 566 CEE companies in 2020 Private equity invests in record 566 CEE companies in 2020 Invest Europe, the association representing Europe’s private equity, venture capital and infrastructure sectors released its 2020 Central and Eastern Europe Private Equity Statistics. The report shows that Private equity firms invested in a record 566 companies in Central and Eastern Europe in 2020, as the industry supported dynamic SMEs and start-ups that will fuel the recovery from the impact of COVID-19 and underpin long-term economic and social development across the region. 2020 was second-best year for VC investment and private equity exits across the region. 01.06.2021 Livonia Partners signs an agreement to sell majority stake in Santa Monica Networks to LMT Livonia Partners signs an agreement to sell majority stake in Santa Monica Networks to LMT Livonia Partners and minority shareholders in Santa Monica Networks, the networking and IT security solutions provider in Latvia and Lithuania, signed an agreement to sell their shares in Santa Monica Networks to Latvijas Mobilais Telefons Ltd. (LMT). LMT will become a 100% owner of Santa Monica Networks. Completion of the transaction depends on approvals from the market regulators in Latvia and Lithuania.

To facilitate the development of the Venture Capital industry in Latvia, the six largest companies operating in the Venture Capital industry in Latvia in 2003 -"BaltCap Management Latvia", "EKO Investors", "Hanseatic Capital Latvia", "NCH Advisors INC.", "Norwegian-Latvian Entrepreneurship Development Fund" and "Small Enterprise Assistance Funds" as well as "Investment and Development Agency of Latvia” established a non-profit organization "Latvian Private Equity and Venture Capital Association" (LVCA).

By investing money in a company, the venture capital fund becomes its co-owner, thus taking a share of the business risk, but also expecting a return appropriate to the high risk undertaken. The fund, like the other co-owners, is directly interested in increasing the value of the company. Business owners and managers who choose this type of funding, in addition to financial investment, also benefit from the venture capital fund's experience, knowledge and contacts, thus contributing to the company's success.

LVCA has the following tasks:

  • Inform entrepreneurs and the public about the possibilities of receiving venture capital financing; 

  • Promote the exchange of knowledge and experience of the members of the association; 

  • Represent the interests of the industry to state institutions and legislators; 

  • Organize and ensure cooperation with international and foreign Venture Capital associations. 

The members of the association are fund management companies that manage investment funds of different size and profile and legal and financial consultants working for the industry. Currently, the association unites 40 organizations - the majority of participants in the venture capital industry in Latvia.

Starting from 2003, the Latvian Private Equity and Venture Capital Association is an associate member of the European Private Equity & Venture Capital Association (now Invest Europe).

Kristīne
Bērziņa
LVCA Chairwoman of the Board and "Livonia Partners” Founding Partner
Anita
Matisone
LVCA Executive director
Jānis
Skutelis
LVCA Board member, FlyCap Partner
Sandijs
Āboliņš Ābols
LVCA Board member, BaltCap Partner
Edgars
Pīgoznis
LVCA Board member and Glücksburg Investment Partner
Mārtiņš
Bičevskis
LVCA Board Member and "Commercialisation Reactor Fund" Limited Partner
Harijs
Švarcs
LVCA Board Member and SG Capital partner
Rūdolfs
Krese
LVCA Board Member and ZGI Capital Investment director
Eva
Berlaus
LVCA Legal adviser and Sorainen partner
Guntars
Zīle
LVCA Legal adviser and COBALT Latvia Partner