The INVL Sustainable Timberland and Farmland Fund II agreed with Citadele Bank on EUR 4.9 million of financing for further sustainability-based investments in farmland and forests in Central and Eastern European EU countries. The bank is providing the financing to companies indirectly owned by the fund.
“We are actively expanding in the Baltic countries and the Eastern region of the EU, where we see many attractive investment opportunities. The financing provided by the bank will allow us to speed up expansion, thus creating long-term value for the fund’s investors,” says Martynas Samulionis, the managing partner of the INVL Sustainable Timberland and Farmland Fund II.
“We are starting to work with one of the strongest investors in agriculture and forestry in the region. This fund is focused on the sustainable management of forest and farmland, nature conservation and social responsibility – cornerstones of the transition to a climate-neutral economy. That is why we see great value and potential for future growth in this partnership,” says Vaidas Žagūnis, a Member of the Management Board and Head of Corporate Banking for the Baltics at Citadele Bank.
INVL Sustainable Timberland and Farmland Fund II, launched in 2020, is administered by the Apex Group, one of Europe’s largest providers of fund service. The fund was established and operates under the laws of the Grand Duchy of Luxembourg and invests in individual countries in keeping with the regulatory restrictions set by those countries. Currently the INVL Sustainable Timberland and Farmland Fund II manages more than 21,600 ha of forest and land.
About INVL Asset Management
INVL Asset Management is the leading Baltic alternative asset manager. We strive to deliver superior risk-adjusted returns to our investors while positively impacting our region’s economic development.
We are part of the Invalda INVL group with a track record spanning over 30 years. Our group manages more than EUR 1 billion of assets across multiple asset classes including private equity, forests and agricultural land, renewable energy, real estate as well as private debt. Our scope of activities also includes family office services in Lithuania and Latvia, management of pension funds in Latvia, and investments in global third-party funds. Further information www.invl.com/en/.
Important information
This is a marketing communication of an information nature, which is not and shall not be construed as an offer to purchase investment units of a collective investment undertaking, an investment recommendation, or investment research, as it is not designed to take into account the investment objectives, financial situation, or needs any individual investor.
When investing, the investors assume the risk associated with the investment. The value of investments can both rise and fall, and an investor may recover less than he/she/it has invested. Past investment results do not guarantee the same results or profitability in the future. Past performance is not a reliable indicator of future performance. Before making a decision to invest, potential investors should, on their own or with the help of investment advisers, assess the suitability of the investment for them along with the taxes and fees related to the investment, consider all the risks related to the investment, and carefully read the rules, prospectus and other documents of the respective collective investment undertaking.
Units of this collective investment undertaking, mentioned in this press release may only be distributed to professional investors (clients) as defined in the Law on Markets in Financial Instruments of the Republic of Lithuania, as amended and supplemented from time to time, and may not be distributed and transferred to any other clients.
