Baltic Horizon Fund

Baltic Horizon Fund is a regulated closed-end contractual investment fund established in Estonia, specializing in the acquisition and active management of commercial real estate assets across the Baltic capital cities of Tallinn, Riga, and Vilnius. The fund's core mission is to generate attractive income yields and achieve medium to long-term value appreciation for its investors through strategic property investments. Its management company, Baltic Horizon Capital AS, is headquartered in Tallinn, Estonia.

The fund's portfolio primarily comprises office, retail, and logistics properties located in central and strategic areas within Estonia, Latvia, and Lithuania. Operating under a REIT-like concept, Baltic Horizon Fund focuses on cash-flow generating properties with strong tenants and aims to distribute a significant portion of its earnings. As of the fourth quarter of 2025, its portfolio included 11 properties with a gross asset value of EUR 216.6 million and a net leasable area of 111,224 square meters.

In recent developments, Baltic Horizon Fund successfully concluded a public offering in March 2026, raising approximately EUR 12.3 million from existing investors to support portfolio deleveraging and asset enhancements. This capital raise coincided with a leadership transition at its management company in April 2026, where Edvinas Karbauskas assumed the role of Fund Manager and Chairman of the Management Board, succeeding Tarmo Karotam. The fund holds a notable market position as the first public real estate fund to be listed on the Nasdaq Tallinn stock exchange in 2016.