# East Capital Group

East Capital Group is an Asset Manager based in Stockholm, Sweden.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Stockholm, Sweden
- **Region:** Europe
- **Address:** Stockholm, Sweden
- **Founded:** 1997
- **Assets under management:** Undisclosed
- **Website:** www.eastcapital.com

## Regulatory record

- **Reports private funds:** No

## About

East Capital invests in emerging and frontier markets worldwide. Since our start in 1997, we have strived to be long-term, active and responsible owners. Explore our emerging and frontier market funds and investment universe >>

## Sectors

- Emerging Markets
- Frontier Markets
- Real Estate
- Fixed Income
- Energy Transition & Renewables
- Financials
- Healthcare Services
- Consumer
- Technology

## People

- Peter Elam Håkansson — Chairman & Group Chief Investment Officer
- Karine Hirn — Partner, ESG & Sustainability / Emerging & Frontier Markets
- Jacob Grapengiesser — Partner & Chief Investment Officer East Capital
- Per Elcar — CEO East Capital Group

## Questions

### Who runs investment decisions at East Capital?

Chairman and Group CIO Peter Elam Håkansson sets the overall investment direction. Jacob Grapengiesser serves as CIO for the East Capital emerging and frontier equity platform, while individual portfolio managers — including Eglé Fredriksson (Emerging Europe) and Emre Akcakmak (Frontier Markets) — execute strategy within their mandates. The group's developed-market and real estate arms have separate CIOs.

### How is East Capital structured relative to East Capital Group?

East Capital is the emerging and frontier equity franchise within East Capital Group. The parent also includes Espiria (developed-market equities), Adrigo (Nordic small and mid-caps), and East Capital Real Estate (Baltic property). This multi-boutique structure means the group offers actively managed strategies across equities, fixed income, and real estate.

### What investment stages does East Capital typically target?

East Capital focuses on publicly listed equities; it does not run a private venture or buyout fund. The firm invests across the full market capitalization spectrum in emerging and frontier markets, from large state-owned enterprises undergoing reform to small-cap companies benefiting from domestic consumption growth. The real estate arm acquires and develops commercial properties in the Baltics.

### Does East Capital participate in fund commitments or only direct deals?

East Capital primarily manages direct, publicly traded equity portfolios rather than committing as a limited partner to third-party funds. In real estate, East Capital Real Estate makes direct property acquisitions and developments, not fund-of-funds commitments.

### How does the firm integrate ESG into its investment process?

East Capital has developed a proprietary ESG framework since its founding, evaluating governance, environmental and social factors for every portfolio company. Huizi Zeng leads ESG integration across equities, while the real estate arm employs a dedicated sustainability analyst. The firm runs a specific Global Emerging Markets Sustainable strategy that applies these criteria as a portfolio construction screen.

## Related profiles

- [Eagle](https://altss.com/profile/eagle)
- [Eastgate Investment](https://altss.com/profile/eastgate-investment)

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Last updated: 2026-06-03T20:00:00.000Z

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