The new private equity fund INVL Private Equity Fund II is targeting EUR 250 million

The leading asset management group in the Baltics, Invalda INVL, through its subsidiary company INVL Asset Management, has established a new closed-end investment fund for informed investors INVL Private Equity Fund II which is the successor of the private equity fund INVL Baltic Sea Growth Fund. INVL Private Equity Fund II will invest in businesses in the Baltic States, Poland and neighbouring countries. It targets EUR 250 million of capital with a hard cap of EUR 400 million which will make it the largest fund in the Baltics.

INVL Private Equity Fund II starts its operations after the Fund rules were approved by the Bank of Lithuania.

"We believe that INVL Private Equity Fund II will be the top choice for local and foreign investors who understand our region, the opportunities it presents and are willing to invest in companies operating in the market with sound plans for rapid growth. The capital of the fund and the knowledge of the investment managers will be an additional resource, stimulating the development of the companies and the countries in which investments are made.

Invalda INVL team has accumulated over 30 years of experience in acquiring, restructuring, and growing market leaders in the region. It is confirmed by the successful operations of the existing INVL Baltic Sea Growth Fund, including specific portfolio companies leading in their respective fields. The new fund will be managed by the same team that has demonstrated the ability to invest, execute complex transactions, and manage companies to ensure their rapid expansion and value growth," said Darius Šulnis, CEO of Invalda INVL.

“The new fund will continue the successful strategy of EUR 165 million INVL Baltic Sea Growth Fund, which invested in and significantly developed businesses in sectors such as waste management combating climate change, healthcare and food processing companies contributing to public welfare, namely Eco Baltia, InMedica, Eglės sanatorija or Galinta, which are leaders in their respective fields.

"The net internal rate of return of the INVL Baltic Sea Growth Fund at the end of 2023 was 26%, with a money multiple of 1.9x. Had the Fund investors allocated capital to investments in the stock indices 'OMX Baltic All Share' and 'MSCI Eastern Europe ex RU' simultaneously, the return would have been respectively 20 and 17 percentage points lower," said Deimantė Korsakaitė, Managing Partner of INVL Private Equity Fund II and INVL Baltic Sea Growth Fund.