INVL establishes fund of up to €200 million for investments in CEE banks

Lithuanian asset manager INVL has established a new fund targeting investments in banks across Central and Eastern Europe.

The rules of the INVL European Banking Opportunities Fund were approved by the Bank of Lithuania on 8 October. The fund will be able to acquire both controlling and minority stakes in banks, as well as participate in capital increases.

Its geographical mandate covers EU countries and candidate countries in Central and Eastern Europe. The minimum investment in the fund is €500,000.

INVL is targeting a fund size of up to €200 million. The first fundraising stage is expected to be completed by the end of 2026.

The fund is planned for an initial six-year term, with the possibility of extending it for a further four years.