BaltCap, a private equity manager operating across the Baltics, Nordics, and Poland, announces the promotion of two long-standing team members Sarunas Alekna and Eneken Napa, to Partner.
Established in 1995, BaltCap has continued to see strong growth and performance in recent years. In 2019, BaltCap expanded its office footprint into Finland, Sweden, and Poland, totalling six international offices. BaltCap also launched its third buyout fund and first VC fund in 2019.
BaltCap has grown the team and promoted from within to support the depth of service provided to its investors.
“Promoting Sarunas Alekna and Eneken Napa to Partner is based on their strong contribution to the recent growth of our business and performance within our funds. Our Partnership now boasts 11 members, with an overall team size of over 35 professionals,” said Martin Kõdar, Managing Partner at BaltCap. “We are committed to our funds’ investors by providing them with deep local teams who source differentially and add value to our portfolio companies and funds. This investment in human capital has borne fruits in the form of returns for our fund LPs,” Kõdar added.
Sarunas Alekna has contributed to the BaltCap buyout funds through numerous successful investments since joining the Vilnius office in 2010. He recently led to solid exits in leading Baltic waste management companies, Ecoservice and Eesti Keskkonnateenused. In addition, he remains involved in several current portfolio companies where he is driving value creation initiatives. “With his entrepreneurial spirit and focus on excellence in sustainable performance, Sarunas has set a great example in carrying our core values forward,” Kõdar commented.
Eneken joined BaltCap’s Tallinn office in 2012, initially as Finance Director and was subsequently promoted to Finance & Risk Director in 2017, and now to Partner. “As we continue to service our investors to deliver optimal risk-adjusted returns, our risk frameworks and back office have had a huge part to play in our development as an investment organization over the past decade. Eneken has led that development with a high degree of professionalism and integrity. We are also delighted that we can continue to expand the diversity of our leadership team, just as we encourage our portfolio companies to expand theirs,” Kõdar explained.
BaltCap has been a signatory of UN Principles for Responsible Investment since 2008.