Changes in the management board of Northern Horizon Capital AS

Baltic Horizon Fund / Northern Horizon Capital

Northern Horizon Capital AS, the management company of the Baltic Horizon Fund, hereby notifies of changes in the management board.

Algirdas Vaitiekunas, a long-term member of the Board of Directors of Northern Horizon Capital AS, will resign from the Board effective January 2, 2023.

Edvinas Karbauskas has been elected as a new member of the Management Board of Northern Horizon Capital AS for a period of four years from January 3, 2023. Edvinas Karbauskas has also been appointed co-fund manager of the Baltic Horizon Fund, along with current fund manager Tarmo Karotam.

Since joining Northern Horizon Group in 2018, Edvinus has worked as an Investment Manager and Head of Fund Management. Prior to that, he worked as a fund controller at Northern Horizon Group. Edvinas previously worked for her EY, which provides auditing and consulting services. During her tenure at EY, Edvinas focused on financial consulting for real estate funds and her private equity investment firm. His responsibilities will continue to be the implementation of investment strategy, investment analysis, deal sourcing and financial management of the Baltic Horizon Fund.

“I would like to sincerely thank Argis for his long-term dedication and contribution to Northern Horizon Capital Group over the past 20 years, and more specifically to Baltic Horizon Fund since its listing in 2016. At the same time, Edvinas is the principal I will join the fund’s top management team focused on investment and financial management,” commented Tarmo Carotam, fund manager at Baltic Horizon.

Edvinas Karbauskas is currently a member of the Board of Directors of BH Europa UAB, BH Meraki UAB, BH Domus PRO UAB, BH Northstar UAB and BH Duetto UAB. Edvinas does not own any units of the Baltic Horizon Fund.

Effective January 3, 2023, the Management Board of Northern Horizon Capital AS will be: Talmo Carotam (Chairman of the Board of Directors), Aushra Stankeviciene and Edvinas Karbauskas.

Please contact us for more information.:

Tarmo Carotum
Baltic Horizon Fund Manager

The Baltic Horizon Fund is a contractually registered closed-end real estate fund managed by Northern Horizon Capital AS, a Licensed Alternative Investment Fund Manager.

Delivery: Nasdaq Tallinn, Nasdaq Stockholm, GlobeNewswire,

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