LATVIAN PRIVATE EQUITY AND VENTURE CAPITAL ASSOCIATION

To promote the development of venture capital sector in Latvia, six biggest companies that operate in venture capital sector in Latvia – “Baltcap Management Latvia”, “EKO Investors”, “Hanseatic Capital Latvia”, “NCH Advisors INC”, “Norvēģijas-Latvijas uzņēmējdarbības attīstības fonds” and “Small Enterprise Assistance Funds”, as well as “Latvian Development Agency” have founded public organization “Latvian private equity and venture capital association” (... LVCA). Investing funds in an enterprise venture capital fund becomes its co-owner, thus taking a part of commercial venture, but also anticipating bigger rate of return for an elevated venture. Fund as well as other owners is directly interested in company’s increase in value. Company’s owners and management, who choose this kind of financing, in addition to financial investment also receive venture capital fund’s experience, knowledge and contacts, thus promoting success.More