Hanseatic Capital

Founded in 2003, Hanseatic Capital is a dedicated provider of fixed income growth capital in Emerging Europe.  Hanseatic Capital is headquartered in Tallinn, Estonia, and has representative offices in Bulgaria, Poland and Latvia.  With experience in investing across a broad range of industry sectors, Hanseatic Capital provides flexible financing solutions to small and medium size enterprises ("SMEs").

Hansetaic Capital invests exclusively in Emerging Europe and seeks growth oriented SMEs with experienced and committed management teams.

Hanseatic Capital is a signatory of the United Nations Principles for Responsible Investment and a full member of  European Private Equity and Venture Capital Association.  Hanseatic Capital is also a member in the Polish Private Equity Association and Estonian Venture Capital Association. 

We look for companies with the following characteristics:

Growth companies with substantial management ownership
Demonstrated capability to pay interest from cash flows
Financial controls and transparency in reporting
Operating history of at least three years
Established industry or sub segment
We are not venture capital investors




We typically use the following financing instruments:

Secured debt with equity participation features
Subordinated debt with senior debt covenants and equity participation features
Convertible bonds and hybrid instruments
Structured preferred stock



Our typical investments have maturities of three to five years with sizes between €1 to €5 million and unlevered IRRs in excess of 20%.
We can fund higher amounts under special circumstances.

Hanseatic Capital is a signatory of the United Nations Principles for Responsible Investment (PRI), and committed to implement these principles across all of our activities.


Tomasz has represented Hanseatic Capital in Poland since 2007. He has over ten years experience in corporate finance and investment industry. Before joining Hanseatic Capital, he worked at Trinity Management, a Polish private equity fund where he spent over four years as Investment Director responsible for four portfolio companies. From 1999 to 2002, he was an Associate at Arthur Andersens Corporate Finance division in Poland, where he was responsible for numerous M&A transactions and advisory services both for private and government clients. In 1998, Tomasz started his career with the largest law office in Poland, Domanski Zakrzewski Palinka, where over one year worked as a lawyer focused on tax and commercial law. During this time he was involved in numerous financing, and/or advising transactions, encompassing both sourcing and execution. Tomasz received his master degree in finance from Warsaw School of Economics, and master degree in law from Warsaw University.