Sorainen has advised INVL Asset Management's Baltic Forests Fund I on the sale of its 1,300-hectare forest portfolio in Lithuania to the Latvian Forest Company.
According to Sorainen, “launched in 2017, the INVL Baltic Forests Fund I invested in forests suitable for forestry activities in the Baltics, mainly in Lithuania. It focused heavily on developing a sustainable forest market in Lithuania and locked in an average annual rate of return (IRR) for investors of 27%. INVL Asset Management will continue its activity in the area of sustainable alternative investments, focusing on the INVL Sustainable Timberland and Farmland Fund II (STAFF II) established a year ago.”
“It was the INVL group’s first fund to apply sustainable forestry management principles,” Sigita Bizuliene, the manager of the INVL Baltic Forests Fund I, said. “We successfully realized the fund’s ambitions and now its lifecycle of nearly five years is ending with a return that exceeds the target rate several times over.”
Sorainen’s team included Partner Mantas Petkevicius and Associate Laura Matuizaite.
Sorainen did not respond to our inquiry on the matter.
