BaltCap Infrastructure Fund



Project number:


Business sector:

Equity funds

Notice type:


Environmental category:


Approval date:

20 Jun 2018



PSD disclosed:

26 Apr 2018

Translated  versions of this PSD: Estonian | Latvian | Lithuanian

Project Description

An equity commitment of up to EUR 20 million in favour of Usaldusfond BaltCap Infrastructure Fund (the "Fund").

Project Objectives

The Fund seeks to provide development capital for transport, energy, energy efficiency and other infrastructure projects in the Baltic region through equity and quasi-equity investments.

Transition Impact

The EBRD's proposed investment is expected to promote the more widespread use of private ownership of infrastructure projects in the Baltic region, and the infrastructure equity as an asset class. In addition, the proposed investment will contribute to supporting green economy transition in the Baltics by financing a diverse mix of climate change mitigation projects.

Client Information


EBRD Finance Summary

EUR 20,000,000.00

Total Project Cost

EUR 100,000,000.00

Environmental and Social Summary

Categorised FI (ESP 2014). The Fund Manager will be required to comply with EBRD's Performance Requirements ("PRs") 2, 4 and 9 which includes adherence to the EBRD's E&S Exclusion List, implementing the EBRD's E&S Risk Management Procedures for Active Equity Funds as well putting in place an Environmental and Social Management System (ESMS). The Fund Manager must submit Annual Environmental and Social Reports to the EBRD on the implementation of the Bank's PRs and the ESMS.

Technical Cooperation


Company Contact Information

Sarunas Stepukonis, BaltCap Infrastructure Fund partner
+370 6866 6201

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

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