Private equity investments have always been the core business of Invalda INVL.
1991 through 1997 the company operated as a public investment company established during the early part of the state property privatization. Since then it was investing from its own balance sheet and managing the funds of its shareholders.
Since 1995 shares of Invalda AB are traded on Nasdaq Baltic.
1997 through 2003 the company operated as a licenced investment company.
In 2013 Invalda AB went through reorganisation process after which Invalda continued under the name Invalda LT. At the end of 2013 it was decided to spin-off real estate (farmland and commercial real estate) and IT assets from Invalda INVL, to simplify the balance sheet and to convert to a traditional asset management company. In 2014 spin-off was completed and farmland, real estate and IT companies were listed as separate entities on Nasdaq Vilnius stock exchange.
In 2014 and 2015, Invalda INVL group continued its transition to a traditional asset management business model. Two asset management businesses were acquired in Latvia and Lithuania and integrated (MP Pension Funds Baltic and Finasta Asset Management). Since October 2015 INVL Asset Management operates as main licensed asset management company of the group, 100% owned by Invalda INVL.
In late 2015, a decision was taken to move away from balance sheet investing for private equity and to launch a traditional private equity fund vehicle to be managed by INVL Asset Management to build on the group’s unparalleled experience in the asset class.
October 2017, INVL Asset Management received the AIFM license.
In 2019 the largest private equity fund in the Baltic region is raised announcing the first closing of the INVL Baltic Sea Growth Fund at EUR 106 million. The final closing was announced in 2020 bringing the total investment capacity of the INVL Baltic Sea Growth Fund to EUR 164.7 million, which led the Fund to becoming the biggest PE fund in the Baltic region at the time.
