Glimstedt advised on the formation of new LitCapital LcX Opportunity Fund

Glimstedt continues advising on the formation of largest private equity funds. The most recent project involved formation by LitCapital, a private equity fund management company, of its second fund – LcX Opportunity Fund, which successfully closed at EUR 34 million.

According to LitCapital, the new fund will be investing in all Baltic countries, Nordics and Poland. All investors of the predecessor fund have made commitments into LcX Opportunity Fund, and almost all of them have increased their commitments. In addition, LitCapital managed to attract key institutional Baltic pension fund investors. Out of EUR 34 million raised, EUR 16.18 million will be invested from the 2014-2020 European Regional Development Fund.

Advice on the formation of LcX Opportunity Fund was provided by our private equity practice team consisting of Partner Andrius Ivanauskas, Senior Associate Michailas Molis and Associate Tautvydas Užkuras.