Early Growth Stage and Growth Stage Private Equity Fund Managers / MEETING
ALTUM announces tenders for the selection of Early Growth Stage and Growth Stage Private Equity Fund Managers. The total public funding allocated for both Funds is EUR 37.2 million.
The development finance institution ALTUM has announced two tenders: one for Early Growth Stage private equity Fund manager and one for Growth Stage private equity Fund manager, who will have to invest in companies both in Latvia and in other European Union countries.
The available public funding for both Funds amounts to EUR 37.2 million, allocated as EUR 12.4 million for Early Growth Stage investments and EUR 24.8 million for Growth Stage investments. Additionally, each Fund must attract private investments of at least 40% of the Fund`s total capital.
ALTUM Board Member Ieva Jansone-Buka: “We continue the selection of venture capital/private equity Fund managers for the upcoming European funding round. The total amount of investments in companies from European funds will be EUR 93 million. Combined with private funding, it will exceed EUR 110 million, offering essential support for the growth and development of innovative, technology-based companies with high growth potential.”
The Fund manager selection criteria and other latest information, as well as draft limited partnership agreements, are published in the electronic procurement system:
• Documentation on the Early Growth Stage Fund manager`s selection: https://www.eis.gov.lv/EKEIS/
• Documentation on the Growth Stage Fund manager`s selection: https://www.eis.gov.lv/EKEIS/
Applications can be submitted until 29 February, 2024 at 10 a.m.
Please note that a meeting with suppliers will be held on 23 January at 11 a.m., in the Zeiss office building, Conference Hall, Dēļu iela 2, Riga, giving all interested parties the opportunity to clarify issues related to both tenders.