INVL nears €100m target for second sustainable agri fund

Lithuanian investment manager Invalda INVL has raised a further €22.9m for its fund targeting European forestry investments.

The capital was raised through its fourth closing to investors on its Sustainable Timberland and Farmland Fund II (STAFF II).

The fund has reached €81.3 million in total, with Invalda INVL targeting a total goal of €100 million.

You can meet INVL and +400 others private equity professionals and LPs at the Poland & CEE Private Equity Conference in May 2023, learn more here.

According to Invalda INVL, STAFF II adheres to global sustainable management practices and principles while consolidating high-quality forests and land holdings.

This includes emphasis on sustainable forest and farmland management and social responsibility practices while investing in EU countries that offer attractive investment returns backed by a stable regulatory environment.

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Martynas Samulionis, managing partner at STAFF II, said: “The capital raised from investors demonstrates their trust in our strategy and enables STAFF II to explore additional market opportunities to put the assets entrusted to us to work to achieve greater growth and returns.

“Having successfully invested in the Lithuanian and Latvian markets, we continue to look for more acquisition targets in the Baltic region as well as in countries across Central and Eastern Europe.”

In June 2022, Invalda INVL closed its first forest fund, the INVL Baltic Forests Fund I.

This strategy recorded an average annual return of 27.3% for investors, above the initial target of 8%.

Source: Funds Europe