ESTVCA has elected Kalmer Kikas as a new Chairman
Kalmer Kikas, Managing Partner of BPM Capital has been
elected as a new chairman of the board of ESTVCA for the next 2 years. Other new
board members are: Kaido Veske - Founding Partner of Livona Partners, Kristjan
Kalda - Investment Director at BaltCap, Margus Uudam – Head of Venture Capital
Investments at ASI, Tõnis Nõmmik – Project Manager at Swedbank Investment
Funds, Heidi Kakko – Managing Director of ESTBAN and Antti Perli – member of
the board and legal councel at SmartCap.
Newly elected chairman Kalmer Kikas explained that a lot of hard work has been done in previous years in private-public partnership – Baltic Innovation Fund (BIF) has been launched successfully and new early stage fund of funds will be launched soon. “BIF funds have managed to bring €220m+ of capital to the Baltics and we are expecting this number to increase soon.”
Kalmer Kikas said that in the coming years most of the funds will be in the fund raising mode and thus the priority of ESTVCA will be on promoting the region and raising awareness among international investors. “In order to do so we need to be able to offer attractive legal environment and our Legal Committee has been working very actively on this starting this spring together with the puclic sector in international partners”.
“Our goal is to achieve €1 billion in assets under management by 2020”, he added.
ESTVCA is the representative body of Estonian Private Equity & Venture Capital Industry reprsenting 50+ members and collaboration partners locally and abroad. Assets under management of ESTVCA members today is €578m.
More information:
Kristiina Vassilkova
Managing Director of ESTVCA
+372 5750 2049
kristiina@estvca.ee
www.estvca.ee
Home page photo: Dylan Ruder