{"id":21431,"date":"2024-08-30T19:14:19","date_gmt":"2024-08-30T16:14:19","guid":{"rendered":"https:\/\/www.invaldainvl.com\/?p=21431"},"modified":"2024-08-30T19:45:53","modified_gmt":"2024-08-30T16:45:53","slug":"invalda-invl-groups-assets-under-management-rose-to-eur-1-58-billion","status":"publish","type":"post","link":"https:\/\/www.invaldainvl.com\/en\/press-releases\/invalda-invl-groups-assets-under-management-rose-to-eur-1-58-billion\/","title":{"rendered":"Invalda INVL group\u2019s assets under management rose to EUR 1.58 billion"},"content":{"rendered":"\n
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The leading Baltic asset management group Invalda INVL\u2019s client assets under management grew to EUR 1.58 billion at the end of June 2024 and were 10% larger than at the start of the year. The group achieved gains of EUR 60.3 million for its clients in the first half of 2024.<\/p>\n

Invalda INVL\u2019s equity at the end of June this year was EUR 189.07 million, or EUR 15.66 per share. The figures were 46.6% and 43.6% larger, respectively, than a year earlier, including dividend payments.<\/p>\n

In the first half of 2024, Invalda INVL had an unaudited net profit of EUR 11.71 million, whereas in the same period last year it had a loss of EUR 1.41 million.<\/p>\n

\u201cWe\u2019ve been focused on our main priority \u2013 managing entrusted investments and exploring new market opportunities. We’re also actively working on the continued development and growth of the group’s business,\u201d Invalda INVL CEO Darius \u0160ulnis says.<\/p>\n

In June 2024, Invalda INVL successfully completed a first EUR 10 million public offering of notes to Baltic institutional and retail investors. The debt securities were 2.9 times oversubscribed. The Bank of Lithuania has approved the base prospectus of Invalda INVL for a programme of up to EUR 25 million of public notes offerings.<\/p>\n

Asset management and family office business<\/strong><\/p>\n

Invalda INVL\u2019s revenue from its asset management and family office business, i.e. the management of assets entrusted to the group by clients, was EUR 5.96 million in the first half of 2024 and shrank by 23% compared to January-June 2023. The reason for the decrease in revenue in the period of comparison is that the revenue from the retail business transferred to \u0160iauli\u0173 Bankas in early December last year is no longer included.<\/p>\n

This result for the company\u2019s strategic business, also including its investments in the products it manages, was a profit of EUR 5.33 million, compared with a loss of EUR 2.22 million in the same period last year.<\/p>\n

A key priority this year is the launch of the INVL Private Equity Fund II established at the beginning of April to continue the successful work of the INVL Baltic Sea Growth Fund. The new private equity fund will invest in businesses in the Baltics, Poland and neighbouring countries. The fund aims to raise at least EUR 250 million, making it the largest in the Baltics, and will have a hard cap of EUR 400 million.<\/p>\n

The INVL Sustainable Timberland and Farmland Fund II signed agreements with banks in the second quarter of this year on EUR 17.6 million in loans for sustainable investments in forest and land. The INVL Renewable Energy Fund I obtained EUR 24.4 million in financing from the European Bank for Reconstruction and Development and the Eiffel Investment Group for the construction of a solar power plant in Romania. The INVL Renewable Energy Fund I plans to invest over EUR 330 million in projects in Romania and Poland, all to be completed by the end of the third quarter of 2026.<\/p>\n

INVL Financial Advisors, the financial brokerage company that owns the INVL Family Office brand, in January established a subsidiary in Latvia to provide investment services and in July began providing services in Estonia as well.<\/p>\n

Equity investments\u00a0<\/strong><\/p>\n

Invalda INVL\u2019s other equity investments, aside from asset management, had a EUR 7 million impact on earnings in the first half of 2024.<\/p>\n

\u201cInvalda INVL\u2019s performance in the first half was positively influenced by the good results of the banks in which the company owns stakes and their growth in value considering the significant dividend amounts paid out,\u201d Invalda INVL\u2019s CEO says.<\/p>\n

The positive impact of \u0160iauli\u0173 bankas on Invalda INVL\u2019s pretax profit was EUR 5.81 million, which that of Moldova-Agroindbank (maib), Moldova\u2019s largest bank, was EUR 2.29 million.<\/p>\n

On 31 May this year, Invalda INVL, Tesonet Global and Willgrow completed an acquisition of 16.33% of the shares of \u0160iauli\u0173 Bankas from the European Bank for Reconstruction and Development. Following the transaction, Invalda INVL increased its shareholding in the bank to 19.93%.<\/p>\n

The results of Litagra, one of Lithuania\u2019s largest agribusiness groups had a negative impact (of EUR 1.1 million) on the value of Invalda INVL\u2019s investments.<\/p>\n

\u201cAlthough Litagra\u2019s operating results are improving, they are not where we would like to see them. We hope for progress in the coming quarters,\u201d Darius \u0160ulnis says.<\/p>\n

Additional information<\/strong><\/p>\n

Assets under management (AuM) refers to the assets we manage or have under supervision and generally equals to the sum of the following: fair value of managed or supervised assets (for example, NAV or capitalization of funds) and uncalled capital commitments. This AuM represents the size of assets to which the Group has economic influence through management or supervision.<\/p>\n

Our calculations of AuM may differ from the calculations of other asset managers. As a result, these measures may not be comparable to similar measures presented by other asset managers. The reported amount is the aggregated, not consolidated, sum of the assets.<\/p>\n

\u00a0About Invalda INVL<\/strong>\u00a0<\/strong><\/p>\n

Invalda INVL is the leading Baltic asset management group with a track record spanning over 30 years. Growing and developing with an open approach, it creates well-being for people through its work. The group\u2019s companies manage or have under supervision more than EUR 1.5 billion of assets across multiple asset classes including private equity, forests and agricultural land, renewable energy, real estate as well as private debt. The group\u2019s scope of activities also includes family office services in Lithuania, Latvia and Estonia, management of pension funds in Latvia, and investments in global third-party funds.<\/p>\n

The shares of Invalda INVL have been traded on the Nasdaq Vilnius stock exchange since 1995. Further information is available here: https:\/\/www.invaldainvl.com\/en\/<\/a> .<\/p>\n

Attached<\/strong><\/p>\n

Invalda INVL semi annual information of 2024<\/a><\/p>\n

Invalda INVL Group overview 30 06 2024<\/a><\/p>\n\t\t<\/div>\n\t<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":19,"featured_media":21075,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5,15],"tags":[],"class_list":["post-21431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases","category-regulated-information"],"acf":[],"yoast_head":"\nInvalda INVL group\u2019s assets under management rose to EUR 1.58 billion - Invalda INVL<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.invaldainvl.com\/en\/press-releases\/invalda-invl-groups-assets-under-management-rose-to-eur-1-58-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Invalda INVL group\u2019s assets under management rose to EUR 1.58 billion - 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