Investment Funds 

Central & Eastern European Funds
Latin American Funds
Asian Funds

CENTRAL & EASTERN EUROPEAN FUNDS

Caresbac Polska
Baltics Small Equity Fund
SEAF Macedonia
Central/Eastern European Fund
Trans-Balkan Bulgaria Fund
Trans-Balkan Romania Fund
SEAF Croatia
SEAF South Balkan Fund
Georgia Regional Development Fund

Baltics Small Equity Fund   
Headquarters: Raua 20-5
Tallinn 10152, Estonia
Tel: (372) 534 49542
E-mail: bsef@bsef.ee
 
Latvia Office: Lacplesa 29-2
Riga 1011, Latvia
Tel: (371) 728 9500/9545
Fax: (371) 728 9547
Email: www.bsef.ee
Year Established: 1998
Fund Size: USD 10,700,000
Investors: European Bank for Reconstruction and Development (EBRD), the Baltic American Enterprise Fund, SEAF and the Baltic Special Investment Unit of EBRD
Investment Focus By Stage: Early stage and expansion of SMEs
Investment Focus by Geography: Estonia, Latvia, and Lithuania
Investment Size: USD 150,000-1 million
Director General: Gary Dodge
Selected Portfolio Companies:

EGEEN
Date of Initial SEAF Investment: March 2002
Business: EGEEN is a drug development company with an IT driven platform for clinical trials.
Website: www.egeeninc.com

Frozen Food Lativa (FFL)
Date of Initial SEAF Investment: July 2000
Business: FFL is a Latvian frozen food distributor.
Website: www.ffl.lv

Semetron
Date of Initial SEAF Investment: December 1998
Business: Based in Estonia, Semetron is an importer, wholesaler, and installation and service specialist for medical equipment.
Website: www.semetron.ee

ETS-Nord
Date of Initial SEAF Investment: August 1999
Exit Date: March 2004
Business: ETS-Nord is a producer and distributor of heating, ventilation, cooling, and air-conditioning equipment and material; and a provider of laboratory testing and the maintenance of systems.
Website: www.etsnord.com

Tiki Treiler Bestnet
Date of Initial SEAF Investment: July 1999
Exit Date: August 2003
Business: Bestnet is an Estonian company that manufactures high quality tractor trailers, which it markets under the trademark “TIKI-TREILER” in Sweden and Estonia, and “AKU” in Finland.
Website: www.bestnet.ee

Asper Biotech
Date of Initial SEAF Investment: October 2000
Business: Asper is in the business of biotechnology, specializing in genotyping and resequencing; as well as novel DNA analyses, hardware, and software.
Website: www.asperbio.com

Kela
Date of Initial SEAF Investment: October 2001
Exit Date: December 2002
Business: Kela is a leading Lithuanian office supply distributor.
Website: www.kela.lt

Kazlu Rudos Metalas (KRM)
Date of Initial SEAF Investment: Auguat 1999
Exit Date: February 2003
Business: KRM is a leading producer of custom metal constructions.

Leta
Date of Initial SEAF Investment: August 1999
Exit Date: December 2002
Business: Leta is a leading Latvian online news agency.
Website: www.leta.lv

Regio
Date of Initial SEAF Investment: May 1998
Exit Date: September 2000
Business: Regio is a leading developer and provider of geographical information systems (GIS) software.
Website: www.regio.ee

Pal-Klaas
Date of Initial SEAF Investment: July 1999
Exit Date: November 2004
Business: Pal-Klaas is a leading producer and distributor of hardened glass.
Website: www.pal-klaas.ee
 

 

Investment Funds 

Baltics Small Equity Fund

Headquarters:

Parnu mnt 142, 6th Floor
Tallinn 11317, Estonia
Tel: (372) 651 2690/2691/2692
Fax: (372) 651 2693

Latvia Office:

Lacplesa 29-2
Riga 1011, Latvia
Tel: (371) 728 9500/9545
Fax: (371) 728 9547

Email:

www.bsef.ee

Year Established:

1998

Fund Size:

USD 10,700,000

Investors:

European Bank for Reconstruction and Development (EBRD), the Baltic American Enterprise Fund, SEAF and the Baltic Special Investment Unit of EBRD

Investment Focus By Stage:

Early stage and expansion of SMEs

Investment Focus by Geography:

Estonia, Latvia, and Lithuania

Investment Size:

USD 150,000-1 million

Director General:

Gary Dodge

Selected Portfolio Companies:

EGEEN
Date of Initial SEAF Investment: March 2002
Business: EGEEN is a drug development company with an IT driven platform for clinical trials.
Website: www.egeeninc.com

Frozen Food Lativa (FFL)
Date of Initial SEAF Investment: July 2000
Business: FFL is a Latvian frozen food distributor.
Website: www.ffl.lv

Semetron
Date of Initial SEAF Investment: December 1998
Business: Based in Estonia, Semetron is an importer, wholesaler, and installation and service specialist for medical equipment.
Website: www.semetron.ee

ETS-Nord
Date of Initial SEAF Investment: August 1999
Exit Date: March 2004
Business: ETS-Nord is a producer and distributor of heating, ventilation, cooling, and air-conditioning equipment and material; and a provider of laboratory testing and the maintenance of systems.
Website: www.etsnord.com

Tiki Treiler Bestnet
Date of Initial SEAF Investment: July 1999
Exit Date: August 2003
Business: Bestnet is an Estonian company that manufactures high quality tractor trailers, which it markets under the trademark “TIKI-TREILER” in Sweden and Estonia, and “AKU” in Finland.
Website: www.bestnet.ee

Asper Biotech
Date of Initial SEAF Investment: October 2000
Business: Asper is in the business of biotechnology, specializing in genotyping and resequencing; as well as novel DNA analyses, hardware, and software.
Website: www.asperbio.com

Kela
Date of Initial SEAF Investment: October 2001
Exit Date: December 2002
Business: Kela is a leading Lithuanian office supply distributor.
Website: www.kela.lt

Kazlu Rudos Metalas (KRM)
Date of Initial SEAF Investment: Auguat 1999
Exit Date: February 2003
Business: KRM is a leading producer of custom metal constructions.

Leta
Date of Initial SEAF Investment: August 1999
Exit Date: December 2002
Business: Leta is a leading Latvian online news agency.
Website: www.leta.lv

Regio
Date of Initial SEAF Investment: May 1998
Exit Date: September 2000
Business: Regio is a leading developer and provider of geographical information systems (GIS) software.
Website: www.regio.ee

Pal-Klaas
Date of Initial SEAF Investment: July 1999
Exit Date: November 2004
Business: Pal-Klaas is a leading producer and distributor of hardened glass.
Website: www.pal-klaas.ee