We advised New Nordic Asset Management during the process of obtaining an activity licence from the Financial Intelligence Unit and registering with the Estonian Financial Supervision and Resolution Authority. This allows them to act as a small fund manager for a limited partnership fund, focused on investing in high-potential startups in the national security, defence technology, and cyber security sectors, with a primary geographical focus on Central and Eastern Europe.
The national security and defence technology sectors are currently experiencing rapid innovation driven by technological advancement and evolving geopolitical needs, which means that this is exactly when an additional fund investing in the field is most needed.
Our services and client team
We assisted the client in drafting the licence and registration application document package (including internal rules, as well as data on the managers of the applicant), as well as assisting with the establishment of the fund and drafting all documents necessary for its operation.
Our client team includes partner Kätlin Krisak; counsel Jane Eespõld; senior associate Krista Ševerev from the Finance & Insurance team; partner Paul Künnap from the Tax team; and, from the Corporate Advisory team, senior associate and head of the Defence sector group in Estonia, Robin Teever.
