New € 50 million GILD Long Haul II Established by GILD

GILD Bankers, the private equity firm based in Estonia, has established a new equity fund named Long Haul II. This fund follows in the successful footsteps of GILD’s original Long Haul fund which has provided a 31% return to investors since its establishment in 1999. The new fund has a target of EUR 50 million with plans to invest primarily in the Baltic States, Central and Eastern Europe, and the Commonwealth of Independent States.

GILD Long Haul II
GILD is presenting the Long Haul II fund not as a completely new product, but rather the successor to their first Long Haul fund. A first closing is planned for Q1 2009, and GILD has settled on a target return of 30% p.a. after fees. The investment strategy for Long Haul II is to seek opportunities with long term growth in Baltic companies. Investments will be made through the purchase of minority and majority equity stakes in non-listed companies, or by granting convertible debt.

GILD Bankers (www.gildbankers.com)
GILD Bankers was established in 1999, focusing its services on Alternative Funds and Investment Banking, and establishing the New Economy Ventures (GILD Long Haul I) Fund. 2001 saw the launch of GILD Arbitrage, the first market-neutral hedge fund in the Baltics. In addition to its Estonia headquarters, GILD also has offices in Latvia, Lithuania, and the United Kingdom.