General Partner investments
We consistently invest in funds managed by INVL Asset Management alongside our clients (general partner investments), thus ensuring an alignment of interests. By investing a significant portion of our own capital into funds such as INVL Private Equity Fund II or INVL Baltic Sea Growth Fund, we share both the risk and the value created with our investors.
This model – investing alongside clients – is a consistent part of our strategy, allowing us not only to attract capital but also to demonstrate confidence in our investment decisions and the long-term returns we generate.
Artea Bank
We acquired a stake in Artea Bank (formerly Šiauliai Bank) more than a decade ago. At that time, the bank was a growing local market player with a clear niche in financing small and medium-sized businesses. In subsequent years, we consistently increased our investment through various transactions, resulting in our managed block of shares gradually growing to nearly 20 percent.
During the same period, the bank implemented significant transformations – expanding its product range, strengthening its capital base, and participating in market consolidation. A significant milestone was the merger of the retail businesses at the end of 2023, which further strengthened the bank’s position in the client segment.
Today, Artea Bank is one of the strongest local capital banks in Lithuania, demonstrating sustainable growth, improving profitability indicators, and consistently creating value for shareholders.
Our investment is characterized by a long-term perspective – we actively contribute to shaping the bank’s strategic direction and value creation, maintaining a significant share package and participating in the bank’s further growth stage.
maib
Invalda INVL invested in the Moldovan bank maib in 2018, forming a consortium of investors together with the European Bank for Reconstruction and Development and Horizon Capital. Other investors later joined this investment through a fund managed by INVL Asset Management. At that time, maib was the largest bank in Moldova but was operating after a difficult period of banking sector restructuring. Our goal was not only to invest capital but also to fundamentally strengthen the bank’s governance, transparency, and strategic direction.
Over several years, the bank successfully transformed into a modern, rapidly growing financial institution – the loan portfolio grew, profitability improved, and digital solutions were implemented. Maib became one of the most efficient banks in the region, consistently generating a high return on equity.
Currently, maib remains the market leader in Moldova, serving more than a third of the country’s clients and holding a market share of about 35–38%, while continuing to demonstrate strong financial results and create value for shareholders.
Litagra
We invested in Litagra in 2011, acquiring a significant stake. At that time, Litagra was one of the larger agricultural sector companies in the Baltic States, providing services in grain trading, agribusiness supply (seeds, fertilizers, plant protection products), as well as agricultural production and feed operations.
In subsequent years, structural changes were carried out to increase efficiency and adapt to market conditions, including a group reorganization and consolidation of activities. In 2017, a decision was made to reorganize the business – part of the activities (the trade segment) was sold, focusing on higher value-added areas such as feed production and primary agricultural production.
Currently, the activity is essentially concentrated on agricultural production and related segments, further developing a more efficient and specialized business model. At the beginning of 2026, a review of strategic alternatives was initiated to evaluate possible scenarios for further value creation.
