The investment company Merito Partners has started making investments in the New Nordic market. During its first months, it has attracted 30 investors and financing totalling EUR 17 million.
Merito Partners (hereinafter referred to as – Merito) was founded in 2022 by a trio of entrepreneurs and investors with significant investing experience: Mikus Janvars, Mārtiņš Baumanis and Aigars Kesenfelds. Merito has registered the alternative investment fund manager Merito Management AIFP with the Bank of Latvia. Merito Management AIFP currently manages two investment funds: Merito Growth Capital FUND I and Merito Sustainable Energy FUND I.
According to Mikus Janvars, co-founder and managing partner at Merito Partners: “We have founded Merito Growth Capital FUND I with the aim of investing in regional businesses and start-ups in various industries and stages of development, providing them with flexible growth capital. Initially, we are building our portfolio from Latvian companies, and in time we will invest in New Nordic businesses that have demonstrated their competitiveness and have the potential to develop their operations beyond our region.”
Merito’s second current operating direction is the development of solar energy parks in Latvia with the goal of building a portfolio of solar parks. In order to achieve this, Merito Sustainable Energy FUND I has been launched.
Merito’s founders have invested a significant amount of their own capital in each of the funds under management, thus aligning their economic interests with those of fund investors.
“We are delighted that in the space of a couple of months, Merito has succeeded in attracting 30 investors and a significant volume of funding, which will be invested in the regional economy. We anticipate that the range of investors will continue to grow. In time, we plan to establish several other funds with alternative investment strategies,” explains Mikus Janvars.
About Merito Partners
Merito Partners is a rapidly growing private investment firm active in the New Nordics. On behalf of its growing pool of more than 25 investors, Merito currently manages two investment strategies – private equity and sustainable energy. Merito aligns its interests with those of ambitious entrepreneurs and supports portfolio companies in achieving sustainable growth, operational excellence and market leadership. Merito Management AIFP, a 100% subsidiary of Merito Partners, is an alternative investment fund manager regulated by the Bank of Latvia.
For further information, please contact:
Merito Partners Communication Consultant,
M. +371 29337759, e-mail: firstname.lastname@example.org