BaltCap Infrastructure Fund

Location:

Regional

Project number:

49526

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Target board date:

20 Jun 2018

Status:

Signed

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

USALDUSFOND BALTCAP INFRASTRUCTURE FUND

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

None.

Company Contact Information

Sarunas Stepukonis, BaltCap Infrastructure Fund partner
sarunas.stepukonis@baltcap.com
+370 6866 6201
www.baltcap.com

Business opportunities

For business opportunities or procurement, contact the client company.

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Text of the PIP

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Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.