Sorainen provided full legal support in structuring and incorporating Iron Wolf Capital Fund, which is a fund in the form of a limited partnership. The expected size of the fund is around EUR 25-30 million.
The fund will focus on investments in high-growth potential early-stage SMEs engaged in, or planning to be engaged in, R&D and innovation activities and acting in Smart Specialization priority sectors.
Sorainen assisted the fund’s management team (GP) throughout the whole process of launching operations in Lithuania – from the first application in a fund managers’ selection competition, organised by INVEGA in co-operation with the EBRD, to structuring and closing the fund. Advice included drafting all key fund establishment documents and agreements, negotiations for a limited partnership agreement with INVEGA and the EBRD (acting as key investor), tax and other related issues.