INVL Asset Management, one of Lithuania’s leading asset management companies, has established a new closed-end investment fund intended for informed investors, the INVL Alternative Assets Umbrella Fund II, and its first subfund, the INVL Partner Energy and Infrastructure Fund. They began operations after the Bank of Lithuania approved the fund rules on 20 November this year.
INVL Asset Management has assumed the management of the Swedbank Supplementary Pension Fund, a supplementary voluntary (3rd pillar) pension accumulation fund. Documents completing the transaction between the company and the fund’s management company until now, Swedbank Investicijų Valdymas, were signed today, on 2 November. Permission for the transaction was given on 24 July this year by the Bank of Lithuania.