INVL Group to purchase out remaining shares in Mundus, a non-public debt fund supervisor

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 non-public debt fund. The shares might be bought from Mundus companions Audrius Mozūras and Martynas Grikinis.

“We respect the work of Mundus companions and your entire staff within the personal debt market, and we’re shifting into a brand new section of the corporate’s improvement. Following the transaction, personal debt will turn out to be one in all INVL Group’s strategic asset lessons”, says Vytautas Plunksnis, Head of Non-public Fairness at INVL Group.

In line with Mundus associate M. Grikinis, this consolidation is an natural and welcome step, which can undoubtedly present much more alternatives for worth creation for current 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, at present 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 might be accomplished after acquiring the approvals of the related authorities.

The administration of Mundus adjustments as properly. Following the approval of the Financial institution of Lithuania, Viktorija Vaitkevičienė, who was beforehand a director of the enterprise capital fund CoInvest Capital, will turn out to be the CEO of this asset administration firm. She is going to substitute A. Mozūras, who will go away the corporate. M. Grikinis, the fund supervisor of Mundus Bridge Finance, will proceed to be energetic within the firm.

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

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

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

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

Contact individual for additional data:
Vytautas Plunksnis, Head of Non-public Fairness at INVL group,
E-mail: vytautas.plunksnis@invl.com

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