Invalda INVL launches buyout fund

The fund is aiming to hold a first close on €100m in October and has a total target of €200m with a €300m hard-cap, Korsakaitė said.

It will target companies in the Baltic region with turnover between €20-100m and the potential to expand into the DACH, CEE and Nordic regions.

Greenstone Equity Partners has been appointed as placement agent for the Middle East, and the GP will also appoint agents for Europe and Asia in the near future.

Fund terms are market standard, with a 10-year life and two optional one-year extensions, and a four-year investment period with an optional one-year extension. It is targeting a net IRR of 15-16%.

Seven partners at the firm have contributed to a total GP commitment of €20m.

Invalda INVL is a multi-asset management firm and has more than 20 funds, including mutual and real estate funds, as well as pension funds in Lithuania and Latvia. It also manages private portfolios of financial instruments.

To view a full spotlight on Invalda INVL published by Unquote sister publication Mergermarket, click here

Click here for a full overview of Invalda INVL's private equity funds, LPs and investments on Unquote Data 

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