Building business champions

BaltCap focuses on building businesses that increase the quality of life in our societies. We are the largest private equity fund manager in the Baltic states.

BaltCap is the largest and most experienced private equity investor in the Baltic states

25+ years

track record


investment strategies


investment professionals


platform investments


capital raised to date



Buy&Build strategy


revenue growth


EBITDA growth



Our buyout fund invests in local market leaders with a buy-and-build objective to create internationally recognised business champions.


Our growth fund invests in fast growing companies with proven and profitable business models.


We target investments contributing to mitigating climate risks. Our primary focus is providing development capital for transport, energy and education infrastructure projects in the Baltics and Poland.


NordicNinja – a joint-venture between BaltCap and Japanese partners focusing on deeptech venture investments in the New Nordics.

HansaMatrix is one of the leading manufacturers of electronic systems and components in Northern Europe
Rahva Raamat is the largest integrated book retailer, publisher, and distributor in Estonia
Adoro will operate a social care chain in Latvia
Alma Littera Group is the largest integrated general book publisher and retailer in Lithuania
Nord Security is a global leader in internet privacy and security solutions
SIA PV Power is a joint venture to develop solar energy generation in Latvia

BaltCap has an open-minded approach combined with a deep knowledge of what practical actions look like. They are experts in the Baltic market with a clear vision and strong ethics.

By teaming up with BaltCap on Magnetic MRO project we gained like-minded business partners who think big, execute creatively, and have zero compromises on business ethics.

BaltCap is well informed about the business and always acts fast and professionally. Communication with BaltCap team is fun both during and outside office hours.

I have been cooperating with BaltCap for over ten years managing three portfolio companies together. They have undeniably one of the best and result-oriented teams in the region.

We were incredibly lucky to have a professional owner like BaltCap. Their experienced team led Unimed to a remarkable growth journey. The strategic backing of BaltCap enabled us to invest in new and existing clinics, and was critical when coping with the Covid-19 crisis.


BaltCap, the leading private equity fund manager in the Baltics, through its portfolio company Adoro, signed an agreement…
BaltCap, the largest private equity manager in the Baltics, has agreed to acquire a 70% share in the leading Baltic automation…
A public-private partnership project of school revitalisation, implemented by BaltCap Infrastructure Fund, received a special…
The main goal of the investment is to enter the Baltic market as well as further develop the company’s technology platform…
BaltCap, the largest private equity fund manager in the Baltics, with co-investors made an offer to acquire Xpediator, a…
BaltCap, the leading private equity fund manager in the Baltics through its company Emsco, will become the largest shareholder…