BaltCap takes Jeremie to Latvia

	BaltCap’s Latvia Venture Capital Fund

BaltCap, the leading private equity and venture capital firm in the Baltic republics, has broken new ground with the closing of a venture capital fund in cooperation with the European Investment Fund (EIF). The €30 million BaltCap Latvia Venture Capital Fund is the first private fundraising in emerging Europe to be established under the Joint European Resources for Micro to Medium Enterprises (Jeremie) project. Jeremie was established by the European Commission in conjunction with the European Investment Bank (EIB) and the EIF to promote increased access to finance for the development of micro, small and medium-sized enterprises (SMEs) in the EU over the period 2007-13.