ZGI Capital

ZGI Capital is a prominent private equity and venture capital fund manager based in Riga, Latvia, recognized as one of the most experienced firms in the Baltic region. Established with a long-standing presence, the firm has evolved to manage a portfolio of four distinct funds, collectively exceeding EUR 100 million in total capital. Their investment strategy primarily targets established small and medium-sized enterprises (SMEs) that demonstrate strong growth potential, focusing on providing growth capital rather than initial seed funding for nascent startups. This approach enables them to support companies ready to scale their operations and expand market reach across the Baltics.

The firm's investment philosophy is characterized by a diversified sectoral approach, encompassing a wide array of industries such as manufacturing, services, information technology, logistics, healthcare, and retail. ZGI Capital typically seeks out companies with proven business models and a clear path to profitability, aiming to foster their development through strategic financial injections and active partnership. Their funds, including ZGI-3 (launched 2010), ZGI-4 (launched 2015), ZGI-5 (launched 2021), and the recently closed ZGI-6 (2023), each contribute to their overarching mission of bolstering the regional economy.

Across its various funds, ZGI Capital's typical first cheque size ranges from EUR 0.5 million to EUR 5 million. For instance, the ZGI-4 fund, which is their largest at EUR 50 million, specifically targets investments between EUR 1 million and EUR 5 million, while other funds like ZGI-3, ZGI-5, and ZGI-6 generally focus on the EUR 0.5 million to EUR 3 million range. This flexibility allows ZGI Capital to cater to a broad spectrum of growth-stage companies, providing the necessary capital to fuel expansion, innovation, and market consolidation within the dynamic Baltic business landscape.