Group 1 - INVL Private Equity Fund II, managed by UAB INVL Asset Management, has completed its final close raising a total of EUR 410 million [1] - Invalda INVL has committed to invest EUR 34.16 million in INVL Private Equity Fund II, representing 8.33% of the total fund size [2] - The investment from Invalda INVL includes an initial commitment of EUR 30.83 million, followed by an increase of EUR 3.33 million [2]

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]

Financial Performance - Invalda INVL reported equity of EUR 225.9 million at the end of June 2025, representing a 27.4% increase year-over-year, with an equity per share of EUR 18.73, up 27.5% [1] - The company achieved an unaudited net profit of EUR 18 million in the first half of 2025, a 53.8% increase from EUR 11.7 million in the same period last year [1] Dividends and Shareholder Returns - In 2025, Invalda INVL paid dividends of EUR 1.25 per share, the largest in its history, totaling EUR 87.4 million paid out to shareholders since its listing [2] Asset Management and Investments - The assets under management of Invalda INVL's companies reached EUR 2 billion at the end of June 2025, a 26.9% increase year-over-year and an 18.5% increase since the start of 2025 [4] - Revenue from asset management totaled EUR 8.7 million in the first half of 2025, a 46.6% increase compared to the same period in 2024 [5] Strategic Initiatives - The company has over EUR 400 million in free cash available for investments across the Baltic countries, Poland, Romania, and other nearby markets, actively seeking acquisition opportunities [6] - The INVL Baltic Sea Growth Fund completed an equity investment in the Pehart Group, finalizing a portfolio of 10 companies in the Baltics, Poland, and Romania [7] Renewable Energy Investments - The INVL Renewable Energy Fund I secured EUR 29.3 million in new financing for solar power plant construction, and REFI Sun raised EUR 15 million through a public bond offering [8] Portfolio Management - Invalda INVL's other equity investments contributed EUR 16.9 million to earnings in the first half of 2025, positively influenced by strong performance from banks in which the company holds stakes [10][11] - The company reported significant contributions from its investments in Artea Bank and maib, with net profits of EUR 31.9 million and EUR 42.5 million respectively, impacting Invalda INVL's results positively [11] Industry Outlook - The CEO of Invalda INVL noted that the business climate remains uncertain and rapidly changing, emphasizing the need for adaptability and the opportunities it presents [3]

Financial Performance - Invalda INVL reported equity of EUR 238.1 million at the end of March 2025, representing a 30.9% increase year-over-year, with a per-share value of EUR 19.82, up 30.8% from the previous year [1] - The company achieved an unaudited net profit of EUR 15.9 million in Q1 2025, which is 3.4 times higher than the EUR 4.7 million net profit recorded in the same period last year [1] Asset Management - The asset management group experienced a EUR 3 million loss for clients in Q1 2025 due to global market corrections, yet the total value of client assets under management grew by 27.9% year-over-year, exceeding EUR 1.9 billion [2] - Revenue from asset management activities reached EUR 3.9 million in Q1 2025, marking a 32.8% increase compared to the same period in 2024 [4] Strategic Developments - The successful launch of the INVL Private Equity Fund II was highlighted as a significant achievement, making it the largest fund in the Baltics [3] - The INVL Baltic Sea Growth Fund completed the sale of InMedica Group, demonstrating a successful growth strategy and returning a significant portion of capital to investors [6] Investment Activities - The INVL Renewable Energy Fund I completed an oversubscribed EUR 8 million bond issue in February 2025 [7] - The company is actively seeking investment targets for the INVL Private Equity Fund II, with expectations to finalize at least two acquisitions by the end of 2025 [6] Equity Investments - Invalda INVL's other equity investments contributed EUR 17.7 million to earnings in Q1 2025, positively influenced by strong performances from banks in which the company holds stakes [9] - Maib, Moldova's largest bank, reported a record net profit of EUR 20.1 million in Q1 2025, while Artea Bank earned EUR 17.35 million [10] Additional Insights - The agricultural business group Litagra positively impacted Invalda INVL's results with EUR 1.6 million in Q1 2025, supported by a favorable market environment [11] - The INVL Family Office expanded its client base in the Baltic region and joined an initiative to support the Vilnius Lyceum Alumni Endowment fund [8]