Lithuania-based asset management firm INVL Asset Management closed a private equity investment fund for the Baltic region, at €165m.

INVL Baltic Sea Growth Fund brings together a diversified panel of investors, including public investors (the EIF being the anchor investor), Baltic region institutional investors (Estonia’s LHV pension funds, INVL pension funds), private and corporate investors.

The fund, which will also offer co-investment opportunities in case of larger transactions, will focus on growth capital, buyout, and “buy and build” investments.

The vehicle is focused on the Baltic States and the neighbouring regions of Poland, Scandinavia and Central Europe specifically.

Since the first close, the fund has invested in Montuotojas and Inmedica Chain, two companies within the healthcare and civil engineering sectors respectively. | To read full story, visit https://startuparound.com/read/1581069660.3892534/INVL-Closes-Baltic-Private-Equity-Fund,-at-€165M?ref=audio_experience