Fund manager


EfTEN Capital is the largest real estate fund manager in Baltic States.

EfTEN Capital is an independent Baltic commercial real estate fund manager. EfTEN Capital (founded in 2008) holds an alternative investment fund manager (AIF) license issued by Estonian Financial Supervision Authority.

EfTEN currently manages three funds – EfTEN Kinnisvarafond AS (founded in 2008), EfTEN Kinnisvarafond II AS (founded in 2015) and EfTEN Real Estate Fund III AS (founded in 2015). All three funds are managed as AIF-funds (alternative investment funds).

EfTEN Capital employes over 50 people and has offices in all three Baltic States. In addition to fund management EfTEN Capital also offers private commercial real estate management.

For more information please visit EfTEN Capital webpage


  • EfTEN Kinnisvarafond AS, an opportunistic and value-added strategy commercial real estate fund. Fund’s investment period has ended. The fund is the largest commercial real estate fund in Baltics with assets over 200 million euros.
  • EfTEN Kinnisvarafond II AS, targeted mainly for institutional investors. The fund follows core and core plus investment strategy. Funds investment region is Baltic States capitals.
  • EfTEN Real Estate Fund III AS is a public closed real estate fund, targeted mainly for retail investors. The funds investment strategy is value added and opportunistic. Funds investment region is Baltic States.

Juriidilised aadressid

  • EfTEN Capital AS

    • A. Lauteri 5, 10114 Tallinn, ESTONIA
    • phone: +372 655 9515
    • e-mail:
  • EfTEN Capital SIA

    • Blaumana 5A - 2, Riia, LATVIA
    • phone: +371 6736 5551
    • e-mail:
  • EfTEN Capital Lietuva UAB

    • M. Valančiaus 1a, Vilnius, LITHUANIA
    • phone: +372 655 9515
    • e-mail: