Callidus Capital acted as an exclusive advisor to INDEXO pension fund manager and lead its share capital raising process. Investments were necessary because INDEXO has reached 200M€ assets under management, which by law requires having share capital of at least 3.0M€. Investors bought newly issued shares at a pre-money valuation of 10M€. Since its inception INDEXO has been the fastest growing pension fund manager in Latvia and the newly raised funds will allow it to continue its success story.
