Lithuanian Private Equity and Venture Capital Association (LT VCA) was established by UAB LitCapital Asset Management, BaltCap UAB and UAB SEB Venture Capital in May 2009. Private Equity (PE) and venture capital (VC) investments have been present in Lithuania since the beginning of 90s. Currently, we have 29 active companies / members covering different types of venture capital business activities: fund management companies, consulting firms, lawyers, public institutions etc., who support and advise investors and entrepreneurs in the structuring and management of their partnerships. The members consist of 9 full members and 20 associate member.
Apart from its services on behalf of members (monitoring of legal, regulatory and tax issues, research studies and statistics, training, development and communication, etc.), LT VCA serves as a central platform for representation and promotion of the VC business to institutional investors, opinion leaders, and public policy makers. The association helps to improve financing of the economy, for small business in particular, as well as promote economic growth and entrepreneurial spirit. LT VCA is open to cooperation with venture capital funds, asset management funds, investment funds, business angels, legal offices, financial consultants and all other players involved in the market of direct investments.
Our mission is to bring together the VC industry professional competence and to develop and or promote Lithuanian Private Equity and Venture Capital industry.
Develop standards, pursue strict compliance and design best practices, promoting self-regulation of the industry.
Act as a lobbying force on PE/VC related issues.
Promote Venture Capital to institutional investors and entrepreneurs on local, national and international level.
Increase institutional investors’ awareness of the performance of Lithuanian VC market and the expertise of its professionals.
Foster research and innovation through cooperation with universities, enterprises and other stakeholders.
Foster the growth of Lithuanian capital market by providing businesses with capital and liquidity.
Chairman of the Board
Sarunas (born in Lithuania 1981) joined BaltCap in 2010. Sarunas’s involvement in current portfolio includes InfraCap/Kelprojektas, FCR Media and BPT Real Estate.
Previously he worked in Corporate Finance at Deloitte and Suprema/Evli where he was involved in a number of M&A and Capital Markets projects in the Baltics. He holds a Master’s degree from London Business School.
Mindaugas co-founded Livonia Partners. He brings to Livonia Partners operational discipline and expertise in growing companies across the Baltic region. Prior to Livonia Partners, Mindaugas was with LHV Capital, Deutsche Post DHL and Statoil. He co-founded LHV Capital with Rain Lõhmus and has invested into Veju Spektras, Archyvu Centras, Qvalitas Medical Centre, and Baltic Ticket Holdings. Mindaugas was with Deutsche Post DHL in the Baltics and Finland for 9 years. He managed DHL’s Lithuanian operations before establishing LHV Capital.
Rokas Peciulaitis is a Founding and Managing Partner at Contrarian Ventures. Previously he was inflation and derivatives trader at Bank of America Merrill Lynch based out of London. Most recently, he was overseeing the launch of an Aviation investment vehicle, Avia Capital at Avia Solution Group. In addition, was part of the exclusive government program “Kurk Lietuvai”, where he was advising Lithuanian government institutions, including Ministry of Economy, Enterprise Lithuania and Ministry of Energy on entrepreneurship and key strategic projects. He is also co-founder of Gatepool and serves as a Strategic Advisor.
Rokas is also a founder and host of Alternative Investment Forum – the bigest institutional investors event in the Baltics.Rokas also sits on the board of directors of Lithuanian Venture Capital Association, a non profit organization Vilnius Marathon and Kurk Lietuvai Alumni association.
Tomas Andriuškevičius, CFA
Partner of Practica Capital since 2013. Previously associate director of SEB Enskilda, pan-Baltic-Nordic investment bank, director Baltic States at CA IB Corporate Finance, auditor at Arthur Andersen.
Deimantė Korsakaitė joined INVL Asset Management, part of the Invalda INVL group, in 2017 as the Executive Partner for the INVL Baltic Sea Growth Fund (fund’s launching is in progress). With a target size of EUR 200 million, the fund will target equity checks of EUR 10 million to EUR 30 million and geographically will focus mainly on the Baltic Sea Region.
Invalda INVL, which is the first PE house in the Baltics, has been managing private equity assets in the Baltics and CEE countries since 1991. It has completed numerous M&A deals in a wide range of industries and on the key transactions exited before 2018 generated a 26.6% IRR and a 2.5x cash-on-cash return.
Deimantė holds an LL.M. in International Legal Practice from the University of Law in the UK and a Master of Law degree from Vilnius University in Lithuania. She began her career at Hermis Capital, one of the largest private equity companies in Lithuania at the time, later joining the prominent pan-Baltic law firm TGS Baltic as an Associate Partner. She co-headed the firm’s M&A practice group, advising local and international clients on 40+ deals with a combined value of some EUR 2 billion.
Julius Dukšta worked in various positions within SEB Trading & Capital markets department in Lithuania and Sweden before joining LitCapital in 2013. He started his professional career in 2003 working as a consultant in UAB SAVVIN where he worked as team member with numerous projects in the fields of business valuation, organizational change, and EU structural funds support. Julius Dukšta has master’s degree in economics from Vilnius University and CFA charterholder. Julius Dukšta serves on the boards of NNL LT and Eldes.
Member of the Board
Tadas Gudaitis is CEO of “Swedbank Investment Management” in Lithuania. He has more than 13 years’ experience in pension accumulation, life insurance and investment management areas. Last 9 years Tadas Gudaitis is working is “Swedbank”. In 2010 he got PhD in Economics in Vilnius University (Thesis: The evaluation of pension system reform results).