Management structure
The management structure of Baltic Horizon Fund consists of the Management Board of the Management company, the Supervisory Board of the Management company, and the Supervisory Board of the Fund.
Structure and governance
The immediate team comprises the Management Board and the Supervisory Board of the Management Company:
The Management Board bears overall responsibility for the daily business of Baltic Horizon Fund. The Management Board is composed of three members and is headed by the Fund Manager.
The Supervisory Board of the Management Company supervises and advises the Management Board.
Furthermore, the Fund has a Supervisory Board that acts solely in an advisory capacity. The Supervisory Board consists of 4 independent board members with recognised experience in the real estate markets in Estonia, Latvia, and Lithuania, impeccable reputation and appropriate education.
Management Board of the Management company
Supervisory Board of the Management company
Supervisory Board of the Fund
Andrius Smaliukas
Chairman of the Supervisory Board of the Fund
Profile
Dr. Smaliukas is the Managing Partner at MMSP, a Lithuanian law firm focused on strategic corporate advisory and dispute resolution. He previously partnered at one of the leading Pan-Baltic firm, Valiunas Ellex, and holds nearly 20 years of experience as an arbitrator and international arbitration lead counsel. Dr. Smaliukas earned his Ph.D. and Master of Laws from Vilnius University, conducted postgraduate research at Oxford, and completed executive programs at Cambridge Judge Business School and Harvard Law School. Dr.Smaliukas serves on the boards of Staticus Group, Kesko Senukai, has extensive advisory experience in commercial real estate M&A and investment management across the Baltic countries.
Milda Dargužaitė
Member of the Supervisory Board of the Fund
Profile
Milda Dargužaitė is the former CEO of Northern Horizon Capital A/S, the shareholder of Northern Horizon Capital AS. She was responsible for managing the company’s operations and strategic direction, including the development of new funds and investment vehicles. Milda has significant experience in both the public and private sectors, locally and internationally. She joined the company in 2018 after roles as the Chancellor at the Lithuanian Prime Minister’s Office, Managing Director of Invest Lithuania, and advisor to the Lithuanian Minister of Economy. Milda has a wealth of experience in finance and portfolio management from her time at Goldman Sachs in New York and Barclays in London. Milda Dargužaitė was the supervisory board member of Northern Horizon Capital AS from July 2018 until September 2023.
Antanas Anskaitis
Member of the Supervisory Board of the Fund
Profile
Antanas Anskaitis is a partner at Grinvest which is a private investment company with interests in real estate and transportation. Antanas has over 20 years of real estate investment management experience (out of which 16 within Northern Horizon Capital group). Since 2015 until 2020 Antanas managed a successful Baltic-Polish investment portfolio on behalf of Partners Group and lead over 30 commercial property transactions in the Baltics and Poland having experience both on sell and buy side. Antanas has MSc in Management and Economics.
Per V. Jenster
Member of the Supervisory Board of the Fund
Profile
Dr. Per V. Jenster, Danish, received his PH.D from University of Pittsburgh, has a life-long vocation in real estate (20 years in the Baltics), along side a career as business professor i.a. at IMD, Copenhagen Business School and CEIBS in Shanghai.
Per V. Jenster is a Professor Emeritus and International Dean of China’s first National Interdisciplinary Institute for Aging Research, Southwest Jiaotong University, and is currently Chairman at Center for International Management & Industrial Development, Switzerland. Per V. Jenster has recently retired a Chairman at Niche Masters Fund after serving 10 years as head of the board of the investment company.
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Baltic Horizon Fund Rules
The Baltic Horizon Fund Rules describe the principles of Baltic Horizon Fund matters including the management and governance of the Fund.
Governance principles
Good governance principles enable us to meet our commitments to external and internal stakeholders and to society.