Sorainen Lithuania has assisted with the establishment of the Aid Fund for Business, which will invest public and private funds in medium and large enterprises affected by Covid-19.
According to Sorainen, “this is the first fund of its kind in the Baltic states. The planned size of the fund’s investment portfolio is EUR 1 billion. The Lithuanian government will provide an initial investment of EUR 100 million, EUR 400 million will be raised by issuing bonds with a state guarantee, and another EUR 500 million – from private institutional investors.” The firm also stated that the purpose of the fund is to “assist medium and large enterprises operating in Lithuania affected by the Covid-19 crisis, closure of which may have significant social and economic consequences. The fund will consist of a government contribution and possible contributions from international financial institutions and private investors.”
Sorainen’s team included Managing Partner Tomas Kontatutas, Partner Mantas Petkevicius, and Senior Associate Dalia Augaite.