INVL Asset Management, one of Lithuania’s leading asset management companies, is reorganizing the portfolio of investment funds it manages. In the first half of November this year, the INVL Absolute Return Subfund was closed by decision of the company. In addition, the INVL Emerging Europe ex Russia TOP20 Subfund will be merged into the INVL Baltic Fund. The Bank of Lithuania approved the merger on 18 November; its completion is planned on 15 January 2020.
INVL Baltic Sea Growth Fund (“the Fund”), the largest private equity investment fund for the Baltic region, managed by one of Lithuania’s leading asset management companies INVL Asset Management, has successfully completed an intermediate closing (second closing), reaching a total amount of €141.861mn. The Fund announced first closing in February 2019 at €106 mn.