Lithuanian asset management company INVL Asset Management has completed a second non-public offering of the INVL Baltic Forests Fund I for informed investors, raising €10 million ($12 million) in the process.
The fund’s units were distributed by the financial brokerage firm INVL Finasta.
During the second offering, a total of 88 investors invested in the INVL Baltic Forests Fund I. Just as it did during the initial offering round, INVL Asset Management invested €500,000 ($578,000) of its own money, increasing its total invested amount to €1 million ($1.2 million). Following the second round, the fund has a total of 93 investors.
“Having successfully launched the fund, in the first year we invested most of the money that was raised and formed a quality forest portfolio. This year, we continue actively purchasing forests and are also looking to increase the forests’ value — there’s an opportunity to do so through the consolidation of plots and qual
