BaltCap

Stepukonis embezzled EUR 40.4 mln from BaltCap fund companies, investigation shows

Sarunas Stepukonis embezzled 40.4 million euros from BaltCap Infrastructure Fund’s portfolio companies, BaltCap said on Tuesday, citing the results of an internal investigation conducted jointly with a team of external [..]

Hanner set to replace BaltCap in Lithuania’s national stadium project

Arvydas Avulis’ property development company Hanner is taking over Lithuania’s National Stadium project from BaltCap, its current concessionaire and builder, Vilnius Mayor Valdas Benkunskas said on Friday. “The main news [..]

BaltCap sues Stepukonis, gambling companies for EUR 16.6 mln

BaltCap, a Baltic private equity fund manager, is seeking more than 16 million euros from Sarunas Stepukonis, a former partner with BaltCap Infrastructure Fund (BInF), and Olympic Casino Group Baltija [..]

BaltCap fund theft causes several Estonian pension funds millions in losses

The Swedbank, LHV, and SEB pension funds lost several million euros due to a partner’s misconduct in the BaltCap investment fund in Lithuania last November. The BaltCap fund holds 0.1 [..]