Fund manager AS SmartCap receives activity licence
The Financial Supervision Authority has granted the Estonian Development Fund-founded AS SmartCap a venture capital fund manager's licence.
AS SmartCap management board consists of Ott Pärna and Heidi Kakko. The members of the supervisory board are the Chairman of the Supervisory Board Raivo Vare, Priit Põldoja, Reimo Hammerberg and Mikko-Jussi Suonenlahti. The sole shareholder of AS SmartCap is the Estonian Development Fund.
To manage investment funds, an activity licence issued by the Financial Supervision Authority is necessary. The Financial Supervision Authority has previously issued such licences to the public limited companies Avaron Asset Management, BPTAM Estonia, Danske Capital, EEREIF Management, EfTEN Capital, ERGO Funds, GA Fund Management, Kawe Kapital, LHV Varahaldus, Limestone Investment Management, Nordea Pensions Estonia, Redgate Asset Management, SEB Varahaldus, Swedbank Investeerimisfondid, Trigon Alternative Funds and Trigon Funds.