
Search fund · Vilnius, Lithuania
Lithuania’s first search fund
Vytis Capital intends to acquire one founder-owned Lithuanian company and lead it for the long term
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A long-term home for founder-owned companies
Lithuania’s strongest private companies took decades to build. Vytis Capital wants to help carry them forward.
Vytis Capital is a search fund. Its principal, Martynas Tendzegolskis, intends to acquire one company and lead it as CEO for the long term. Continuity matters: the people, the customers and the reputation that built the business.
One company
A single acquisition, not a portfolio
Hands-on
The principal steps into the CEO role
Continuity
Respect for the team, customers and reputation already built
For owners
What Vytis Capital looks for
Conversations are held in discretion and carry no obligation. It starts with listening.
- 1Privately owned, business-to-business companies based in Lithuania
- 2A track record of steady profitability
- 3Owners who value continuity for the company, its people and its customers after a sale

Founder
A background in defense and finance
Martynas is Lithuanian. He graduated with a bachelor’s degree from The Citadel, the U.S. military college in South Carolina, where he was the first Lithuanian to attend and the first international student to receive a full academic scholarship through its Honors Program. His experiences there and during his studies include the UK Parliament, an M&A advisory firm in London and a venture capital firm in Charleston, as well as serving as portfolio manager of the college’s student-managed investment fund.
He then spent nearly three years in the Lithuanian Armed Forces, followed by a role at a Lithuanian defense research institute as a Business Development Manager.
Most recently he completed the Master in Corporate Finance at SDA Bocconi in Milan, and worked on sell-side M&A mandates at Cenciarini & Co.