Vilnius, Lithuania-based Invalda INVL Group accomplished a primary closing of its second technology personal fairness fund, reaching EUR 305M and exceeding its goal of EUR 250M.
Fundraising will proceed to achieve a tough cap of EUR 400M.
The INVL Personal Fairness Fund II has acquired backing from each current and new buyers, forming an distinctive investor base. This included entrepreneurs from throughout the Baltics, household workplaces and institutional buyers such because the European Funding Fund, pensions funds managed by Luminor asset administration firms, SB Asset Administration and IPAS INVL Asset Administration in Latvia, in addition to life insurance coverage firm UAB SB Draudimas.
The brand new fund will construct on the technique of the INVL Baltic Sea Development Fund, seizing alternatives throughout the Baltics, Poland, Romania and the broader EU. The INVL Personal Fairness Fund II is sector-agnostic and can spend money on firms with the potential to turn out to be regional leaders of their respective industries, specializing in buying majority or important minority stakes. By energetic funding administration, the fund goals to drive long-term worth creation. The technique consists of forming a diversified portfolio of 10–12 investments, offering late-stage development capital to focus on firms and executing each buyout and buy-and-build methods. Funding dimension will usually be within the area of EUR 10M to EUR 40M, with a most popular fairness ticket of round EUR 25-30M. Nonetheless, the fund may also pursue bigger offers along with co-investors.
VCWire
17/02/2025
