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Fund Name: SEAF – Baltics Small Equity Fund
Target Regions/ Countries for Investment: Estonia, Latvia, Lithuania
Website (for more information): http://seaf.com/index.php?option=com_content&view=article&id=100&catid=30&Itemid=143&lang=en
Overview: In the May 1998, SEAF established a $10.7 million SME equity fund to invest in early stage small and medium enterprises (SMEs) in Estonia, Latvia and Lithuania. Baltics Small Equity Fund (BSEF) established offices in the capitals of each of these three former Soviet states, making 23 investments across the three uniquely different nations. After gaining independence from Soviet economic policies, the region saw enormous growth in the private sector. Privatization efforts in Latvia led to the development of a dynamic private sector that comprised nearly 68% of the country’s GDP in 2000.