While the fund is already listed on the Nasdaq Tallinn Stock Exchange, it is now planning to become the first listed Alternative Investment Fund also on Nasdaq Stockholm. Baltic Horizon will be registering a new prospectus in the coming months with the Estonian Financial Supervisory Authority.
In June 2016, Baltic Horizon raised EUR 29.7M in its initial public offering to become the first Baltic real estate fund that has been listed. Two new acquisitions were made with the offering proceeds shortly thereafter. Fund‘s portfolio is worth around EUR 125M and has an occupancy of approximately 97 percent.
Catella has been appointed as the Global Lead Manager of the Offering and Lead Manager of the retail offering in Sweden and possibly Finland and Denmark. Catella shall also act as a Lead Manager of the Institutional Offering in the Nordics, Luxemburg and other selected European markets. Swedbank is in the process of being appointed as the Lead Manager of the offering in the Baltics with LHV Bank as Co-Manager. KPMG Baltics is the acting auditor of Baltic Horizon Fund and legal counselling is provided by Sorainen.
Baltic Horizon Fund is a registered public closed-end real estate fund and Baltic Horizon units began trading on the Nasdaq Baltic Fund list of July 6, 2016. The company's stock symbol (ticker) is NHCBHFFT.
The fund is managed by Northern Horizon Capital AS under an Alternative Investment Fund Manager license granted by the Estonian Financial Supervision Authority.
Baltic Horizon Plans Follow-On Offering and Second Listing in Stockholm
Sweden — Baltic Horizon, a recently listed closed-end real estate fund is planning a follow-on public offering in Estonia and Sweden with possible offering also in Finland and Denmark, thus targeting a very wide regional investor base. The fund targets raising up to EUR 80M for its existing acquisition pipeline.