Northern Horizon Capital AS announced changes in the management board. Algirdas Vaitiekunas, a long term member of the management board of Northern Horizon Capital AS, will resign from the management board, with his last date of office being 2 January 2023. Edvinas Karbauskas has been elected as a new member of the management board of Northern Horizon Capital AS starting 3 January 2023 for a period of four years.

Edvinas Karbauskas is also appointed as co-fund manager of Baltic Horizon Fund together with Tarmo Karotam, the current fund manager. Since joining Northern Horizon Group in 2018, Edvinas has worked as an Investment Manager and Head of Fund Controlling. Prior to that, Edvinas worked as a Fund Controller in the Northern Horizon Group.

Previously, Edvinas worked at EY, which provides audit and consulting services. During his tenure at EY, Edvinas focused on financial consulting for real estate funds and private equity investment companies. His responsibilities will continue to be the implementation of Baltic Horizon Fund investment strategy, investment analysis, deal sourcing and financial management.

Edvinas Karbauskas is currently a member of the management boards of the BH Europa UAB, BH Meraki UAB, BH Domus PRO UAB, BH Northstar UAB and BH Duetto UAB. Edvinas does not hold units of the Baltic Horizon Fund. Starting from 3 January 2023, the management board of Northern Horizon Capital AS will be as follows: Tarmo Karotam (the Chairman of the Board), Aušra Stankeviciene and Edvinas Karbauskas.