Our professional private equity team successfully manages a diverse portfolio of products, varying in size, region, and industry specifics.

While most of our investments focus on the Baltic region, we also pursue opportunities beyond.

Our main product is INVL Baltic Sea Growth Fund, the largest private equity fund in the Baltic States with the European Investment Fund (EIF) as the main investor.

• Size: €165 million;
• The fund focuses on investment in the Baltic States and neighbouring regions such as Poland, Scandinavia and Central Europe;
• The fund’s mandate covers investment across the European Union.

Target investments include:

• the size of investment in a company – €10–30 million (with a lower consolidation potential, lower initial investment is also possible);
• majority or significant minority stakes;
• companies with high growth potential and the ability to operate in the face of increasing global competition.

bsgf.invl.com

Another company in our private equity portfolio is INVL Technology, a closed-end investment company listed on the Nasdaq Stock Exchange.

• Start of operation: 14/07/2016;
• Term: 10 years (+2 years);
• Capitalisation as at 30/06/2024: €32.2 million;
• INVL Technology’s Articles of Association allow the company to invest in European Economic Area, Organisation for Economic Co-operation and Development (OECD) countries and Israel. The portfolio companies implement projects in: Northern and Eastern Europe, Sub-Saharan Africa, and South and Southeast Asia.

Target investments include:

• IT companies catering to large corporations and public-sector clients;
• improvement of the business climate, e-governance, IT services and programming;
• cybersecurity.

www.invltechnology.com

INVL Special Opportunities Fund has indirectly invested in the stock of Moldova-Agroindbank (MAIB), the largest bank in Moldova.

• Fund size: €4.5 million
• Start of operation: 2018, term – 10 years
• Investment in the shares of Moldova-Agroindbank (maib).
• The aim is to transform MAIB into a leader in new standard banking services, focusing on digitization and innovation and strengthening the retail banking segment.

INVL Private Equity Capital Fund, launched in April 2024, is the successor of the private equity fund INVL Baltic Sea Growth Fund. INVL Private Equity Fund II will invest in businesses in the Baltic States, Poland and neighbouring countries. It targets EUR 250 million of capital with a hard cap of EUR 400 million which will make it the largest fund in the Baltics.

The fund is expected to run for 10 years from the end of the first distribution phase. The investment period will start after the announcement of the end of the first distribution phase.