According to the Bank's website, this project provides financing to the Usaldusfond BaltCap Private Equity Fund III to make equity and quasi-equity investments in small to mid-cap companies, predominantly in Estonia, Latvia and Lithuania.
An equity commitment of up to EUR 25 million in favour of Usaldusfond BaltCap Private Equity Fund III, as well as a potential commitment of up to EUR 10 million in a passive supplementary investment facility
Usaldusfond BaltCap Private Equity Fund III will be managed by OU BaltCap Private Equity Fund III and advised by AS BaltCap.
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ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at email@example.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.