She added that Veritas did not usually back inaugural fund launches, but that Livonia was “very well connected within the local economies.”She added: “Building regional champions instead of country-specific winners makes a lot of sense. Economic growth in the Baltic region is among the strongest in Europe and the fundamentals are in good shape.”Kristo Oidermaa, portfolio manager at LHV Pension Funds Oidermaa added that the fund commitment fit well into its existing strategy, allowing it to benefit from growth in the Baltic market.“Our investment strategy has a small home bias and we regard all three Baltic countries as our home markets,” Oidermaa said. “Over the last few years, we have considerably increased our allocation of alternative assets, with commercial real estate and timber and now private equity funds.”Kaido Veske, co-founding partner of Livonia Partners, said that the fund would focus on mature companies with a track record of up to 5 years and an annual turnover starting at €5m, but up to €40m.He added that the fund is looking for companies with an export focus and which were undercapitalized, and that while earnings volatility in the region would still be higher than elsewhere in Europe, the countries in question also boasted higher growth than Europe as a whole. Finnish pensions insurer Veritas and LHV Pension Funds, Estonia’s second largest pension fund manager, are among six investors committing €70m to a pan-Baltic private equity fund.Domiciled in Latvia, the Livonia Partners-managed fund will invest €3-15m of equity and mezzanine capital per investment in up to 12 small and medium-sized enterprises (SMEs) active largely in Estonia, Latvia and Lithuania. The first investments will be made in the next few months, with the possibility that firms in adjacent countries could also receive funding.Livonia Partners Fund I will acquire a blend of majority and minority stakes, acting as a hands-on investor and holding the stakes for around 5 years. Though it has a generalist mandate, the fund’s initial focus will be on manufacturing, business services and consumer companies, reflecting the management team’s experience.The €2.8bn Veritas has committed €5m from its private equity allocation. Ilona Karpinnen, portfolio manager, private equity, Veritas, told IPE: “Livonia fits well into our private equity portfolio, as European small and mid-market buyouts are the backbone of our private equity programme.
FRANKLIN COUNTY, Ind. — The Franklin County Republican Committee is planning on holding a caucus of precinct committee persons to select the next county auditor ton Saturday (1/7).Anyone interested in being a candidate needs to notify Chairperson John Worth in writing.Forms are also available from the County Clerk.The winner of the caucus winner will be sworn in by January 9.
– Thiem is the fifth man since the Open Era began in 1968 to come back from two sets down in a major final. He joins Gaston Gaudio (d. Guillermo Coria, 2004 French Open), Andre Agassi (d. Andrei Medvedev, 1999 French Open), Ivan Lendl (d. John McEnroe, 1984 French Open) and Bjorn Borg (d. Manual Orantes, 1974 French Open). In a US Open final, Thiem becomes the first man to come back from two sets down since 1949, when Pancho Gonzalez did the same against Ted Schroeder. – Thiem, 27, is also the first man born in the 1990s to win a Grand Slam title. On the women’s side, players born in the 1990s or later have combined to win 15 majors, including one by a woman born in the 2000s (Bianca Andreescu, 2019 US Open). – This is the first time in men’s tennis that four consecutive Grand Slam finals have gone to five sets (2019 Wimbledon, 2019 US Open, 2020 Australian Open and 2020 US Open). Before this, there had only been two instances of three straight men’s major finals going to five sets (in 1927 and 1946). – Thiem is the second Austrian player, male or female, to win a Grand Slam singles title, after Thomas Muster won the 1995 French Open. Thiem is the only Austrian to make multiple major finals, in which his win-loss record now stands at 1-3. – This was just the second men’s Grand Slam final to feature a deciding-set tiebreaker, after the 2019 Wimbledon final between Roger Federer and Novak Djokovic. Last year was the first time Wimbledon began playing a tiebreaker once the set got to 12-12. – It is the longest span (6 years) between first-time major winners on the men’s side in the Open Era. The previous longest was almost exactly three years between Juan Martin del Potro (2009 US Open) and Andy Murray (2012 US Open). Also Watch: Watch: River Flows Inside People’s Bedroom