Ellex has helped Merito Partners set up and launch its Merito Management AIFP alternative investment fund structure in Latvia.
According to Ellex, “investment company Merito Partners has started making investments in the New Nordic market. During its first months, it has attracted 30 investors and financing totaling EUR 17 million. Merito currently manages two investment strategies – private equity and sustainable energy. Merito aligns its interests with those of ambitious entrepreneurs and supports portfolio companies in achieving sustainable growth, operational excellence, and market leadership.”
According to the firm, Merito Partners’ subsidiary Merito Management AIFP is “an alternative investment fund manager regulated by the Bank of Latvia.”
The Ellex team included Partner Ivars Pommers, Senior Associate Marta Cera, and Associates Niklavs Zieds and Kristers Toms Losans.