Invalda INVL Group second generation PE fund closes above hard-cap with record EUR 410 million

Core Insights - INVL Private Equity Fund II has successfully raised EUR 410 million, exceeding its initial target of EUR 250 million and hard cap of EUR 400 million, marking it as the largest private equity fund in the Baltics and one of the largest in the CEE region [1][4] - The fund's success is attributed to a diversified investor base, including institutional investors and family offices, despite a challenging fundraising environment [2][4] Fund Details - The fund is sector-agnostic and aims to build a diversified portfolio by investing in companies with potential to become regional leaders, targeting equity investments between EUR 10 million to EUR 60 million [4] - The management team consists of nearly 20 professionals, with a recent addition of a Head of Poland to strengthen the fund's presence in key markets [3][4] Investment Strategy - The fund intends to focus on acquiring majority or significant minority stakes in businesses with strong growth potential, particularly in the Baltic countries, Poland, Romania, and the broader EU [3][4] - Recent investments include Eesti Keskkonnateenused, Estonia's largest waste management group, and POLMED, a leading private medical service provider in Poland [2] Management and Background - INVL Asset Management, part of the Invalda INVL Group, manages the fund and has over 30 years of experience in alternative asset management, overseeing EUR 2 billion in assets across various investment strategies [5][6]