
INVL launches Baltic Sea Growth Fund
Lithuania-based INVL Asset Management has launched a new private equity fund, the INVL Baltic Sea Growth Fund, which seeks to invest in regional medium-sized companies.
The fund will focus on acquiring controlling or significant minority stakes, and will take an active role in the management of target companies, aiming to increase their value over the long term.
A fund target size has been set at €200m, with the possibility to increase this to a maximum of €300m.
Investors
The fund aims to attract local and international investors interested in investing in medium-sized Baltic growth companies, with the intention of becoming the largest private equity fund in the Baltic countries.
Investments
INVL will write tickets of €10-30m for mature companies with a high-value growth potential. The focus will be on transactions larger than those that other domestic private equity players undertake, but smaller than those that interest the largest international private equity and strategic investors.
The fund will seek to form a diversified portfolio of Baltic-based companies and will focus on growth capital, buyouts, and buy-and-build investments.
Baltic Sea Growth Fund's investment team will seek to complete three to five investments within the first two years of the investment period, and will later focus on expansion. The total portfolio may comprise 8-12 investments. The planned life of the fund is 10 years from the initial closing.
People
INVL Private Equity Funds – Deimantė Korsakaitė (partner).
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