INVL Asset Management, part of Baltic investment group Invalda INVL, has launched the INVL Partner Strategic Lending Fund, a closed-end fund designed for informed investors. 

The fund will invest in a vehicle managed by 17Capital, a private credit firm that lends to private equity managers, investors, and funds using net asset value (NAV) as collateral.

The strategy provides investors with indirect exposure to private equity through credit instruments. Audrius Matikiūnas, interim CEO of INVL Asset Management, highlighted that the fund offers portfolio diversification and access to NAV lending, a financing method used by some of the world’s largest fund managers.

Following approval from the Bank of Lithuania, the fund is set to begin operations, with investment unit distribution launching in March. INVL Financial Advisors, operating under the INVL Family Office brand, will handle distribution in Lithuania, with expansion to Latvia and Estonia pending regulatory notifications.

The fund requires a minimum investment of €125,000 and targets a net annual return of 10-12% over a seven-year period.

Established in 2008, 17Capital focuses on NAV-based lending, operating from London and New York. The firm has raised over $13bn, completing more than 100 investments and 50 exits.