INVL Šeimos biuras launches new private equity fund

INVL Šeimos biuras, a Lithuanian financial services company, has introduced a new fund designed to provide investors with access to the growing secondary private equity market. The fund's assets will be channeled into a diversified portfolio of private equity funds managed by the U.S. investment firm Adams Street Partners, utilizing secondary market transactions.

This closed-end fund is specifically targeted at informed investors, requiring a minimum investment of $145,000 USD. The offering period for the fund is set to conclude on July 23 of this year. The secondary private equity market has gained prominence in recent years as investors seek more flexible ways to manage their investments and optimize capital allocation.

According to Asta Jovaišienė, head of INVL Šeimos biuras, funds investing in this market can offer faster deployment of capital and broad diversification. Investors can gain indirect exposure to over a thousand private companies through a single fund. Adams Street Partners, with over 50 years in the industry, is a seasoned player in the secondary private equity market, managing over $65 billion USD in assets across eight countries since 1986.

The Lithuanian central bank, Lietuvos bankas, approved the fund's rules in June. This new offering provides a structured avenue for investors to tap into the private equity landscape, leveraging the expertise of established managers and the strategic advantages of the secondary market.

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Funds investing in this market can offer not only faster investment deployment but also extremely broad diversification – investors can indirectly invest in more than a thousand private companies through one fund.