Baltic alternative asset manager INVL Asset Management has raised €35.43m (around £30m) for investments in funds managed by 17Capital.
Launched this year, the INVL Partner Strategic Lending funds invest in funds managed by 17Capital, a private credit manager active in North America and Europe.
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The minimum investment in the funds for informed investors is €125,000, or $145,000.
The INVL Partner Strategic Lending funds target an expected net average annual investment return of more than 10 per cent, while the anticipated duration of the funds is seven years.
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“The private debt market is experiencing rapid growth globally, and the Baltic region is no exception,” said Justas Riauba, INVL’s group chief investment officer.
“Private debt is emerging as an important alternative to traditional financing, while also serving as a valuable tool for portfolio diversification.
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“We appreciate the trust our investors place in us and their decision to leverage the access we provide to globally diversified private debt funds managed by an experienced team.”
