INVL Bridge Finance delivers over 10% annual net return to investors
The INVL Bridge Finance private debt fund managed by INVL Asset Management, the leading alternative asset manager in the Baltics, delivered a net return of 4.9% to investors in the first half of 2025 and over 10% in the 12 months to the end of June this year. In the first half of this year, the fund’s net asset value increased by EUR 2.6 million, reaching EUR 39.7 million.
The forecast for the next 12 months indicates that net return for investors will remain close to the current level. Since its launch in 2015, the fund has delivered an average annual net return of nearly 8%.
In the first half of this year, the private debt fund purchased bonds from companies totalling over EUR 39 million, including additional financing for Civinity and Finto Capital.
“These results reflect our core values – strong, long-term partnerships with financed companies, continued investor trust, and an increasing interest in alternative investments,” says Viktorija Vaitkevičienė, INVL Bridge Finance’s executive partner.
Vaitkevičienė notes that several portfolio companies are planning to repay part or all of their financing later this year. This will free capital for new investments, maintaining the portfolio’s flexibility and helping to meet investor return objectives. The fund is also in advanced negotiations with several companies regarding potential new investments.
Growing investor base and regional expansion
In the first half of 2025, INVL Bridge Finance units became available to investors in Latvia and Estonia. As regional expansion continues, the investor base is growing. The fund now has nearly 200 investors, the majority of whom are private individuals.
The fund operates on an open-ended basis, allowing investors to join in any month. The minimum investment requirement is EUR 30,000, providing a balance between flexibility and expert portfolio management.
According to V. Vaitkevičienė, private debt as an asset class is gaining increasing attention: “Investors in the Baltics are turning to private debt to diversify their portfolios. The Invalda INVL group sees this area as one of its strategic directions – in addition to local funds, investors now also have access international solutions, such as the opportunity to invest in funds managed by the global private debt manager 17Capital.”
INVL Bridge Finance’s portfolio includes 6 companies operating in Lithuania and Latvia. A significant part of the fund’s portfolio consists of investments in alternative finance companies, which use the capital raised to expand operations and grow their loan portfolios. The fund has also invested in building maintenance and engineering solutions, as well as real estate rental projects.
INVL Bridge Finance invests in privately issued bonds from private companies. These private placements allow the fund to directly structure deals, negotiate investment terms, and maintain ongoing oversight and control. This approach supports effective risk management, helps ensure high quality investments, and avoids the additional expenses related to bond offerings and prospectus preparation for the companies that are seeking financing.
Private debt’s attractiveness to investors as a product is further enhanced by the fund's quarterly liquidity offering to investors: they can acquire units of the INVL Bridge Finance fund each month and sell them to the fund every quarter after a 12-month freeze period.
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 or have under supervision more than EUR 1.9 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, Latvia and Estonia, 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 informed investors as defined in the Law on Collective Investment Undertakings for Informed Investors of the Republic of Lithuania, Latvia and Estonia, as amended and supplemented from time to time, and may not be distributed and transferred to any other clients.
