Market announcement
Baltic Horizon Fund / Northern Horizon Capital AS
LEI code
5299008IKT93E4SA0G49
Size of the entity
Small undertaking
Economic activities
Financial and Insurance Activities
Industry sector(s)
Management company
Country of registered office
Estonia
General information
Categories
Other corporate action
Unique data record identifier
18429
Submission date and time
15.04.2026 21:00:00
Content of announcement in Estonian
Title
Muudatused Baltic Horizon Capital AS-i juhtimises
Message
Baltic Horizon Fondi fondivalitseja Baltic Horizon Capital AS teatab juhtimise üleminekust. Tarmo Karotam, kes on juhtinud Baltic Horizon Fondi ja selle eelkäijat 20 aastat, astub fondijuhi ja juhatuse esimehe kohalt tagasi 30. aprillil 2026. Praegune kaasfondijuht Edvinas Karbauskas asub Baltic Horizon Capital AS-i fondijuhi ja juhatuse esimehe ametikohale. Tarmo Karotami kommentaar: ?Baltic Horizon Fond oli esimene Baltikumis noteeritud kinnisvarainvesteeringute fond ning selle teedrajava ettevõtmise juhtimine kahe aastakümne vältel on olnud üks erakordne teekond. Olles tüürinud fondi ka läbi viimaste aastate keeruliste turuväljakutsete ning saavutanud stabiilse vundamendi fondi pühendunud investorite toel, tunnen, et on õige aeg teatepulk edasi anda. Jään fondi aktiivseks investoriks ning olen veendunud, et uus juhtkond on võimeline viima fondi järgmisesse kasvufaasi." Nõukogu esimees Antanas Anskaitis lisas: ?Nõukogu nimel avaldame Tarmole siirast tänu pikaajalise pühendumuse ja juhtimise eest. Tema roll Balti kinnisvara kapitaliturgude arendamisel on olnud fundamentaalne. Nüüd, mil kriitilised sammud fondi finantspositsiooni tugevdamiseks on astutud, usaldame uut juhtkonda, kes keskendub fondi investeerimisportfelli konkurentsivõime ja atraktiivsuse suurendamisele." Lisainformatsiooni saamiseks palume ühendust võtta: Tarmo Karotam Baltic Horizon Fond, fondijuht E-mail [email protected] (https://www.globenewswire.com/Tracker?data=YM- 2x0qsjXM2tVMQl5SnH4cZfNE4mDDwROhjI1GEO- WP0T754X95JT5kMwfjaV8bTQ5KhIoR8VJll8Cguts4HCllZG_f4t55N25CXyUfQQR3m- c4_8IRx7zkCpsgexz3jxM4Sheaz0KT0sf7MxnWxQ==) www.baltichorizon.com (https://www.globenewswire.com/Tracker?data=bWceOHqYoD1J6i_TnIPpONIxFnImG0PplrQE e3nQEVjSE5Wr0b8mIChFlcU_U1jET51js6KDGrn03Aeo5i3jwQjUXeaUze1AaqxfgsyGIc23GtNtaS0e mIstxPRCBuo11npU7rNSSRRQnXGjRI-zMQm-0paXo9fxZbIE92wdBqTK037zy7RPHad- f0VOJvKVxVqAhcTx0vcfvxdusPhqKFDMdxlZwk1cADjnxMSKqYdcZcThYqg1SvclsFHfTOBVKVHolXGa RRkXmMXGKovGyk3w6iAPID7nieg1cS42FgzyIhQnOt3oTPCLglLStiWKfuWaSNgq3iYi_FSq- AaPt0wYP8onSdT7OLzbGYajgvHjD4E8rxt_suCKBlpGNnMhwKfEiCiDzFDXrvVms8uUdvE0PAR4iwu- PyK8GoNPMvWtSpYdE2IGdOc_64zDywCAqrcvo2_0rdYgAQ2PU6giU_Oem5csjF0A69M_auP6FZmVbdmy Gx1QTYntSVpENNeGkpsKpJjLv7EET--GesetMrDo8DHkqGaZaChkvO6qBAH1JIXjspNSPfYYPP9S-mGa Q0bbBwV2dGbsPT9JflZS9RHYayqLQMhuM0V6MX-5QKLqoM41Nt3PtgTi_t9ddXxhJO3PDJxc7V43WyEN qkDag37rAT7-5vQEyeM2D5yVrFq-cSytHJbldlQTRGFDEWAKsScyu-Iy7jbhUGRBnwhtUrRL-dFVC_VC rFG2J8r5cyr99p249l5MsyE4Ct_B4X5lGiewy3HSAZVyTAqnR4dlDV9Q08HvYYNTSUVFhcykGA09MXcb XCsGdW_CgYj4ZEluw4bS4ufXkQdY0pYT8i-Z7Q9WG9cVdq1U0cCE9ubkxm-QXZscilN3QDeq52rbzLSL ODruIvgHnXkWzNdTtgyRddTQYzr7-mrG2hUNqgOuk_UmRjzUcrghy6UlsguMVb8Z0Im3nHcHUlXWX8dH HBYvvDpnB0QpXr8WvBfKiuTsR8x9BLtVJneeut0HkaA8AIdmCM3x9EQRj3OHdpjvXo3AaAkXeUHjNFZX -VJ7DuFGTcmSZjh8NQugueBGscK9Ey4TtvFb6e0L-X_sc8NWlww1N3bAJrt8ZKPRbeWU3rKYFVdSg17Q SwLY66QWLv-k-u4P4A0p01gYLkPoF8HcxxvSbgWH38gQZGJfpjcE5Ajh1eA=) Baltic Horizon Fond on registreeritud lepinguline avalik kinnine kinnisvarafond, mida valitseb alternatiivfondivalitseja Baltic Horizon Capital AS. Avaldamine: GlobeNewswire, Nasdaq Tallinn, www.baltichorizon.com (https://www.globenewswire.com/Tracker?data=bWceOHqYoD1J6i_TnIPpONIxFnImG0PplrQE e3nQEVgxLYRNJ9yy0LBVE58jo1G3FpECyTL1jyMWVgZYv2eo_j4lOxhA6- UwBurNwWNM9hj746zguHDMJkWSttsVAoGkGkX19ZQyR3zZmcRXgdcXUt0M4JhacAH3okVaxyPEAAaXtp RS3XWBc_ka710mtQ0MP6AJeRQuI0TrRCH0-Oo7- sxHpHOUNKXe4j1MH4d2lZsqXjjxRWfUZWZhgv2NvI3wnQIO67aPwlBiKj4XszBKZA==) Saamaks börsiteateid ning uudiseid Baltic Horizon Fondilt tema projektide, plaanide ja muu kohta, registreeruge aadressil www.baltichorizon.com (https://www.globenewswire.com/Tracker?data=bWceOHqYoD1J6i_TnIPpONIxFnImG0PplrQE e3nQEVgf1qSAgDgJcVJngOEGz2W1nrc28v0szkqxonw979srxEpAh1Y6kOoiDhrAqaA2Xl6sEqyW- qQIlY4bWEVDD3AP). Samuti on teil võimalik Baltic Horizon Fondi jälgida LinkedIn (https://www.globenewswire.com/Tracker?data=u4dVfPUGDVxXxv3k7cwi0OQTQLR9MtAdUHQG MluRVmgqPfBZCjh8SXpZ8Vy35aZCX- qT6Udp6s0afEKebhWU3jHtMh5jV_BnuLEF1T4ojjqpZOnq5odDrquA6Albwz2P) ja YouTube (https://www.globenewswire.com/Tracker?data=0S7yDENCxTo3rz5oQ414dqCPw81T1y537lgJ ftMKI1YNqBOZxNb5jIhykBNsotmH33RdhHLDdyvXFogvETuj_r3h3aSvCpvDex4qwKbBWpfoAO9X9Jt8 HBsSdEaGDdYq) keskkondades.
Content of announcement in English
Title
Changes in the management of Baltic Horizon Capital AS
Message
Baltic Horizon Capital AS, the management company of Baltic Horizon Fund, announces a leadership transition. Tarmo Karotam, who has led the Baltic Horizon Fund and its predecessor for 20 years, will step down as Fund Manager and Chairman of the Management Board effective 30 April 2026. Edvinas Karbauskas, the current Co-Fund Manager, will assume the position of Fund Manager and Chairman of the Management Board of Baltic Horizon Capital AS. Tarmo Karotam commented: ?Baltic Horizon Fund was the first listed real estate investment fund in the Baltics, and leading this industry-changing venture over the past two decades has been one remarkable journey. Having navigated the fund also through recent market challenges and secured a stable foundation with the support of our dedicated investors, I feel it is the right time to hand over the reins. Remaining an active investor in the fund, I am confident that the new management is well-positioned to lead the fund into its next phase of growth." Antanas Anskaitis, Chairman of the Supervisory Board, added: "On behalf of the Supervisory Board, we express our sincere gratitude to Tarmo for his long-term dedication and leadership. His role in developing the Baltic real estate capital markets has been fundamental. With the critical capital strengthening steps now in place, we have full confidence in the new management team to focus on enhancing the competitiveness and attractiveness of the Fund's investment portfolio." For additional information, please contact: Tarmo Karotam Baltic Horizon Fund manager E-mail [email protected] (https://www.globenewswire.com/Tracker?data=YM- 2x0qsjXM2tVMQl5SnH4cZfNE4mDDwROhjI1GEO- WP0T754X95JT5kMwfjaV8bQaUutKqiutZoieBBcifPGwon308G06R1EuHbzBlKMBrap6a9INzoBLaJX7 g1uyTNoh1fdmAX2nKKHlK5HzA1IQ==) www.baltichorizon.com (https://www.globenewswire.com/Tracker?data=bWceOHqYoD1J6i_TnIPpONIxFnImG0PplrQE e3nQEVj68B0brak0uAnVaM7ZpjsELKQKSRFvMO2yNhg7hNTE9VA09FaAgUM_MI6Mr1X6OzjP23NHrODb 28iPnaGxj4EAmUfPsL8PvW4NU8mTik7TZMWmXPH25bsBx0S6sy2Wl29HeNAVT4EDjLbBhH6Q7p7Q- AMUJ801oVOdbBGPWGNlaSEjWlm6lMICGG26LWcfiAX15a0pTyvCnzYlFKkKtjoOJg5XjSbtwqGpZ7t1V yWc9eMLMM6Bbw0jEvkPrDNpytsJDEN6Rerb5LXPdQNqXIRpbL4oZgRwqLLLVs6WdXY819bZHyst9TZ8w 6jZzpGaosa7f0V9ZNo6Fvp6wL_Vkczqz4cbbL5Mha-VDrAKvUOirFZ9AyWSJ4nfyhfWs1GMdylpy- x2uiVNraQdGi4JKczeGgXtW_SeMQCb_F1f0glYDo7Fqpp1JBVqB7KWmUXrBvgGAK4ANA0E7jowp3t6BK 5DGBpsvSXnOMM3HDYlFMo34oGYW7tgdq4HrsSALJNsMIrNHvary0RwXmhidauN2iA5ltrfQGmonLAzx- TW-xgizmKc3lbAdjonvMWPDaHswN_qYOJ5lwe22gfalFnvT0IP08lztcGaWDFkC- KsKKheWdAMRE7Yv70a8ZAo_WwxW50ogJ5d4iLdmof1MZCQFmocUzX- 2CNP1jBgAAKsa3Tyaq6WkbdmPygtHEudGcOd5bw2FGyqqmyogiyuLYfRVqFVUkSUipaSmgNhuHMtC6hb fDqiaOyc92zl3Wzkydr8TIqFp29rwk1cs2lUeEDXa8S_uj6zQuiHJGeyo0_3wtHNy3Vy24uhF2k- YF5McgFEgCq1HjLuU9l7y4SmLYwmjVn8lrQquENXVp7bqsaitHEtVG1wnbpFv5R0fkr0cqAcJgiwJcZO 3QrpRkPAoeMsGK3qLlPHbGkhYMdGUBOfAty1A9HpHhF22ipzHgOiS530kQYyFqhb5bFvf2H4cAkGvucS YGnECIiy7L9fnKlOKyrOE60gZUCH9h1_uY9fVHt_Mx1kORWiaAHjQ4atqzK2RR5OIPE9DGovMvGXTowA 8hIx5LnkAx5tzCOiFMie8BHz5ghmE093A1Q_UW6GB42T8BbOuv5USuuhUfkZNdmoXU9sUhDIlUB2wMqc cTYsyXPtoi8=) Baltic Horizon Fund is a registered contractual public closed-end real estate fund managed by Alternative Investment Fund Manager license holder Baltic Horizon Capital AS. Distribution: GlobeNewswire, Nasdaq Tallinn, www.baltichorizon.com (https://www.globenewswire.com/Tracker?data=bWceOHqYoD1J6i_TnIPpONIxFnImG0PplrQE e3nQEVjD9E7tHuDACuVNgse2IiPAvQqxgLv_7FQHNT75xF12r6kYWdyfBGMyJ0emQ6Cm8gHYqw3GIlDz I7nbxTRaWnMRAWGsIs_6dtxpoTwY9XdGOrbTpBwe4cFX7Lzn67t8GLRsacheiUmPgXyMkfsKDv4nTvbj G58ZRrXzO10fcFNWuF1N0bkM5CQ9jbiFU-DkaWRC7dNOfQXoVXh1T91w7LP- bvx5fFdDi13pOGE8QwGkdA==) To receive Nasdaq announcements and news from Baltic Horizon Fund about its projects, plans and more, register on www.baltichorizon.com (https://www.globenewswire.com/Tracker?data=bWceOHqYoD1J6i_TnIPpONIxFnImG0PplrQE e3nQEVjSXJfABDMTtr41OrN_WChLVXKmSAn28RoKpI71fg_5Wkj3POUvBukQ2Odffobtprq5o1uI7m8C nvn7XxeWiQ3s). You can also follow Baltic Horizon Fund on LinkedIn (https://www.globenewswire.com/Tracker?data=u4dVfPUGDVxXxv3k7cwi0OQTQLR9MtAdUHQG MluRVmgmz8BsT7nBps3taEeVgRcTmOWjgOTQ97XxJ8k3KxX7_inmL0CEJ1AR- Z1q3vRmA0xKVa1HLCdFpi7GbcqMhBw7) and YouTube (https://www.globenewswire.com/Tracker?data=0S7yDENCxTo3rz5oQ414dqCPw81T1y537lgJ ftMKI1arwGyGwejAOplTDj-RqMRrIEoNew1bBSBWEE3SsHS6boW7naf-MEqvZq-n41F4qnWFD- rU5lQ8esNDZK8iN17e).