Key Takeaways
- • INVL Family Office, one of the largest multi-family offices in the Baltic states, launched the Global PE Secondaries Access Fund with a USD 145,000 minimum investment, targeting institutional and informed investors seeking exposure to the private equity secondary market.
- • The fund's assets will be managed by Adams Street Partners, a U.S.-based firm with over 50 years of experience, USD 65 billion in assets under management, and operations across 13 offices in eight countries since entering the secondary market in 1986.
- • The fund structure enables investors to gain indirect exposure to more than 1,000 private companies through a diversified portfolio of secondary PE fund acquisitions, while potentially acquiring established portfolios at discounts to net asset value.
- • Fund rules received regulatory approval from the Bank of Lithuania in June 2026, establishing it as a closed-end vehicle designed specifically for informed investors seeking more flexible capital allocation and efficient deployment strategies.
- • The launch reflects growing institutional demand for PE secondaries as a portfolio diversification tool, driven by investor interest in faster capital deployment and exposure to mature private equity portfolios at potentially favorable valuations.
Summary
INVL Family Office, one of the Baltic states' largest multi-family offices, expanded its alternative investment platform in June 2026 by introducing the Global PE Secondaries Access Fund, a closed-end vehicle targeting informed institutional investors. The fund carries a minimum investment threshold of USD 145,000 and received regulatory approval from the Bank of Lithuania in June 2026.
The fund delegates asset management to Adams Street Partners, a seasoned U.S.-based investment firm with substantial experience in private equity secondary markets. Adams Street brings over five decades of operational history, manages more than USD 65 billion in assets globally, operates 13 offices across eight countries, and has maintained continuous involvement in the secondary PE segment since 1986. This institutional infrastructure positions Adams Street to construct diversified portfolios through secondary market transactions across multiple geographies and vintage years.
According to Asta Jovaišienė, Head of INVL Family Office, the fund addresses a structural shift in investor preferences: "Investors' interest in gaining exposure to established private equity portfolios, combined with the possibility to acquire them at a discount to net asset value, led us to add a private equity secondary market strategy to our offering." The fund structure provides exposure to more than 1,000 private companies indirectly, offering both portfolio diversification and the potential for faster capital deployment compared to traditional primary PE fund commitments.
The launch reflects broader market trends in institutional capital allocation. The private equity secondary market has become increasingly integral to diversified portfolios as investors prioritize flexible capital management and efficient deployment. Secondary strategies allow institutions to acquire mature PE fund interests—often at valuations below net asset value—while maintaining exposure to seasoned portfolio companies with established operational track records. This positioning aligns with institutional investor demand for alternative asset exposure without the extended J-curve dynamics of primary fund commitments.
The fund delegates asset management to Adams Street Partners, a seasoned U.S.-based investment firm with substantial experience in private equity secondary markets. Adams Street brings over five decades of operational history, manages more than USD 65 billion in assets globally, operates 13 offices across eight countries, and has maintained continuous involvement in the secondary PE segment since 1986. This institutional infrastructure positions Adams Street to construct diversified portfolios through secondary market transactions across multiple geographies and vintage years.
According to Asta Jovaišienė, Head of INVL Family Office, the fund addresses a structural shift in investor preferences: "Investors' interest in gaining exposure to established private equity portfolios, combined with the possibility to acquire them at a discount to net asset value, led us to add a private equity secondary market strategy to our offering." The fund structure provides exposure to more than 1,000 private companies indirectly, offering both portfolio diversification and the potential for faster capital deployment compared to traditional primary PE fund commitments.
The launch reflects broader market trends in institutional capital allocation. The private equity secondary market has become increasingly integral to diversified portfolios as investors prioritize flexible capital management and efficient deployment. Secondary strategies allow institutions to acquire mature PE fund interests—often at valuations below net asset value—while maintaining exposure to seasoned portfolio companies with established operational track records. This positioning aligns with institutional investor demand for alternative asset exposure without the extended J-curve dynamics of primary fund commitments.
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