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;
• Called amount as at 30/06/2022 €75.2 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.

Read more – 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 30/06/2022: €30 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.

Read more – 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.