INVL Group to purchase out remaining shares in Mundus, a personal debt fund supervisor


Invalda INVL

INVL, the main funding administration and life insurance coverage group within the Baltics, has signed an settlement to accumulate the remaining shares in Mundus, an asset administration firm managing a personal debt fund. The shares will likely be bought from Mundus companions Audrius Mozūras and Martynas Grikinis.

“We admire the work of Mundus companions and your complete workforce within the personal debt market, and we’re shifting into a brand new part of the corporate’s growth. Following the transaction, personal debt will grow to be one among INVL Group’s strategic asset lessons”, says Vytautas Plunksnis, Head of Personal Fairness at INVL Group.

In accordance with Mundus companion M. Grikinis, this consolidation is an natural and welcome step, which is able to undoubtedly present much more alternatives for worth creation for present and future traders of Mundus managed funding fund within the personal debt asset class.

INVL Asset Administration, an organization of the INVL Group, that signed the settlement to accumulate the remaining shares, presently holds 51% of the shares in Mundus, which manages the personal debt fund Mundus Bridge Finance. Mr Mozūras and Mr Grikinis every personal 24.5% of Mundus.

The transaction will likely be accomplished after acquiring the approvals of the related authorities.

The administration of Mundus adjustments as effectively. Following the approval of the Financial institution of Lithuania, Viktorija Vaitkevičienė, who was beforehand a director of the enterprise capital fund CoInvest Capital, will grow to be the CEO of this asset administration firm. She’s going to change A. Mozūras, who will depart the corporate. M. Grikinis, the fund supervisor of Mundus Bridge Finance, will proceed to be lively within the firm.

“The function of personal debt within the area is consistently rising and rising base charges make this asset class very engaging for traders. Mundus expertise and INVL Group’s management create a possibility for sustainable growth,” says Vaitkevičienė.

Mundus Bridge Finance, an open-ended funding fund for knowledgeable traders, seeks long-term steady returns by offering bridge financing to a variety of initiatives and investing in personal placement debt securities of firms within the fast-growing different finance sector. The Personal Debt Fund has already accomplished 18 transactions since its launch in 2015.

On the finish of November 2022, Mundus Bridge Finance had property below administration of EUR 26.8 million.

INVL Asset Administration has held a majority stake in Mundus since February 2018.

Contact particular person for additional data:
Vytautas Plunksnis, Head of Personal Fairness at INVL group,
E-mail: vytautas.plunksnis@invl.com

 



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