Vilnius, Lithuania-based Invalda INVL Group completed a first closing of its second generation private equity fund, reaching EUR 305M and exceeding its target of EUR 250M.
Fundraising will continue to reach a hard cap of EUR 400M.
The INVL Private Equity Fund II has received backing from both existing and new investors, forming an exceptional investor base. This included entrepreneurs from across the Baltics, family offices and institutional investors such as the European Investment Fund, pensions funds managed by Luminor asset management companies, SB Asset Management and IPAS INVL Asset Management in Latvia, as well as life insurance company UAB SB Draudimas.
The new fund will build on the strategy of the INVL Baltic Sea Growth Fund, seizing opportunities across the Baltics, Poland, Romania and the broader EU. The INVL Private Equity Fund II is sector-agnostic and will invest in companies with the potential to become regional leaders in their respective industries, focusing on acquiring majority or significant minority stakes. Through active investment management, the fund aims to drive long-term value creation. The strategy includes forming a diversified portfolio of 10–12 investments, providing late-stage growth capital to target companies and executing both buyout and buy-and-build strategies. Investment size will typically be in the region of EUR 10M to EUR 40M, with a preferred equity ticket of around EUR 25-30M. However, the fund will also pursue larger deals together with co-investors.
VCWire
17/02/2025