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About us

From July 2021, “INVL Renewable Energy Fund I” (REFI) invests in renewable energy facilities in the European Union. The objective of the fund is to invest and manage 200+ million EUR worth of solar and wind farms in the European Union. The fund is currently focusing on projects in Central East Europe.

Fund’s managing firm – UAB „INVL Asset Management“


34.6 million EUR

Equity raised so far


400+ MW

Estimated total power of the power plants


60 million EUR

Fund’s target size (equity)

Geography of activity

The fund invests in renewable energy facilities in the European Union, currently focusing on the Polish and Central Eastern European markets. Poland is one of the main markets for the development of renewable energy projects in the European context. This is a deficit market with high electricity prices, which is heavily influenced by the price of CO² allowances. This is particularly conducive to renewable energy, which can offer electricity generation at lower prices and generate electricity without significant negative environmental impacts.

Team

REFI’s management team has extensive experience in the management of companies operating in the energy sector, project development as well as financial management and transactions. Throughout their careers, the fund’s key partners have completed 300+ million worth of energy-related investments and participated in 250+ million EUR other transactions.

In addition to the experience gained by the fund’s partners, REFI has access to the expertise and knowledge accumulated by “INVL Asset Management”, which allows for efficient management of the fund’s resources. Because the fund operates in foreign markets, the services of local partners (law, finance, accounting, project development and management, construction) are used in different markets.

Liudas Liutkevičius
Liudas Liutkevičius

Managing partner

Email: [email protected]

Liudas Liutkevičius
Liudas Liutkevičius

Managing partner

Email: [email protected]

Experience:

  • Management experience in national energy companies in different value chains: Enefit / Eesti Energia, Litgrid, Lietuvos Energija, Lietuvos Dujos, ESO;
  • Management experience in the rapid development of solar, biogas energy and other businesses in the Modus Group in the EU, Belarus and Ukraine markets.

Linas Tomkevičius
Linas Tomkevičius

Partner

Email: [email protected]

Linas Tomkevičius
Linas Tomkevičius

Partner

Email: [email protected]

Experience:

  • 10+ successfully implemented and managed private equity, mezzanine, commercial real estate transactions with Baltic American Enterprise Fund, Hanseatic Capital, Tiltra Group, Inova Baltic, total transaction value over 100 million EUR;
  • Extensive experience in transaction structuring;
  • Extensive investment management experience.

Audrius Matikiūnas
Audrius Matikiūnas

Head of Legal and Product management team

Email: [email protected]

 

Audrius Matikiūnas
Audrius Matikiūnas

Head of Legal and Product management team

Email: [email protected]

 

Experience:

  • Extensive experience in banking and finance law with SEB Bank Group in the Baltics, Finasta Group and INVL Asset Management;
  • Specialization in fund structuring, establishment and management;
  • Together with INVL Asset Management, he is responsible for the creation and development of the fund.

Sigita Budrienė
Sigita Budrienė

Project manager

Email: [email protected]

Sigita Budrienė
Sigita Budrienė

Project manager

Email: [email protected]

Experience:

  • Experience in real estate project development – in property valuation, construction development and building management;
  • Experience in project administration and management of EU-funded and private equity projects;
  • In total 15+ years of experience in project management.

Gabrielius Makuška
Gabrielius Makuška

Financial analyst

Email: [email protected]

Gabrielius Makuška
Gabrielius Makuška

Financial analyst

Email: [email protected]

Experience:

  • Investment research at “Covalis Capital” – a global hedge fund focusing on the utilities, infrastructure and commodities sectors.

DISCLAIMER

This page contains only generalized information that is not tailored to the individual needs of any person. It is not, and should not be construed as, promotional information or information that offers, recommends or otherwise encourages you to become a participant and assume the risks associated with a collective investment undertaking referred to on this page.

The information provided on this website about the characteristics of the collective investment undertaking or the projects in which it invests (including investment return projections) is based solely on the views of those directly and / or indirectly involved in the management of that collective investment undertaking. In giving this opinion, individuals act solely in their own interests and do not follow or take into account the individual interests and needs of any other person. Therefore, any person makes any investment decision at his or her own risk and must, at his or her own discretion and expense, use experts in the relevant fields to make a decision that meets his or her individual needs. Only in this way can the decision-maker reduce the losses that are particularly likely to occur (due to an investment in the collective investment undertaking mentioned on the page).

Please note that the past performance of a collective investment undertaking reflects only its past performance. Past performance is no guarantee of future results. If the return on investment has been positive in the past, it will not necessarily be so in the future, and the value of the investment may rise or fall. Persons directly and / or indirectly involved in the management of the collective investment undertaking mentioned on the page do not guarantee the profitability of the investment. All investment-related risk of loss is borne by investors.

Before becoming a member of the collective investment undertaking mentioned on this page, you must assess yourself or with the assistance of relevant experts all applicable fees, all risks associated with the investment and carefully read all documents.

Notwithstanding other important information provisions, it is recommended that you invest only those funds that you can afford to lose.