Key Takeaways
- • INVL Family Office closed fundraising for its Global PE Secondaries Access Fund at USD 17.4 million from 49 investors across the Baltic states (Lithuania, Latvia, Estonia), launched in June 2026.
- • The fund allocates capital to Adams Street Partners' dedicated private equity secondary platform, providing investors indirect exposure to over 1,000 private companies globally through established PE portfolio access.
- • Adams Street Partners, managing USD 73 billion in assets with 40+ years of secondary market experience, brings institutional-grade investment selection and portfolio management to the fund structure.
- • Strong fundraising demand reflects growing Baltic investor appetite for diversified alternative investment exposure and recognition of PE secondaries as a portfolio diversification tool.
- • Fund structure enables direct equity and debt co-investments alongside secondary positions, offering layered access to the private equity secondary market without requiring separately managed account minimums.
Summary
INVL Family Office, one of the largest multi-family offices operating in the Baltic states, has completed its inaugural fundraising for the Global PE Secondaries Access Fund, raising USD 17.4 million from 49 institutional and qualified investors. The fund, which launched in June 2026, targets the global private equity secondary market—a segment that has emerged as a strategic component of institutional alternative investment portfolios over the past decade.
The fund's capital will be deployed through a dedicated secondary strategy managed by Adams Street Partners, a U.S.-based investment firm with over five decades of experience in secondary markets. Adams Street, which manages USD 73 billion in assets and has invested in more than 1,300 private equity funds since 1986, provides institutional-grade portfolio construction and deal sourcing. By concentrating assets in a single Adams Street secondary vehicle, INVL's fund provides investors with consolidated exposure to established PE portfolios representing indirect stakes in over 1,000 private companies worldwide, substantially reducing the operational burden of direct secondary market participation.
According to Antonas Kostinas, Fund Manager of INVL's Global PE Secondaries Access Fund, the successful close demonstrates meaningful demand for alternative investment diversification among Baltic investors. "The successful fundraising demonstrates that investors across the Baltic States are showing growing interest in global alternative investments and are seeking new opportunities to diversify their portfolios," Kostinas stated. The fundraise reflects a broader institutional recognition that PE secondaries—which typically offer lower entry costs, shortened J-curve dynamics, and portfolio-level risk mitigation compared to primary PE commitments—warrant allocation consideration.
The fund structure provides flexibility beyond pure secondary exposure. Per fund documentation, assets may be allocated to direct equity and debt co-investments alongside secondary positions, enabling layered participation across multiple entry points within the PE investment spectrum. This structure allows INVL's investor base to access institutional PE secondary strategies without meeting the elevated capital minimums typically required by separately managed accounts or flagship secondary funds managed by mega-managers.
The fund's capital will be deployed through a dedicated secondary strategy managed by Adams Street Partners, a U.S.-based investment firm with over five decades of experience in secondary markets. Adams Street, which manages USD 73 billion in assets and has invested in more than 1,300 private equity funds since 1986, provides institutional-grade portfolio construction and deal sourcing. By concentrating assets in a single Adams Street secondary vehicle, INVL's fund provides investors with consolidated exposure to established PE portfolios representing indirect stakes in over 1,000 private companies worldwide, substantially reducing the operational burden of direct secondary market participation.
According to Antonas Kostinas, Fund Manager of INVL's Global PE Secondaries Access Fund, the successful close demonstrates meaningful demand for alternative investment diversification among Baltic investors. "The successful fundraising demonstrates that investors across the Baltic States are showing growing interest in global alternative investments and are seeking new opportunities to diversify their portfolios," Kostinas stated. The fundraise reflects a broader institutional recognition that PE secondaries—which typically offer lower entry costs, shortened J-curve dynamics, and portfolio-level risk mitigation compared to primary PE commitments—warrant allocation consideration.
The fund structure provides flexibility beyond pure secondary exposure. Per fund documentation, assets may be allocated to direct equity and debt co-investments alongside secondary positions, enabling layered participation across multiple entry points within the PE investment spectrum. This structure allows INVL's investor base to access institutional PE secondary strategies without meeting the elevated capital minimums typically required by separately managed accounts or flagship secondary funds managed by mega-managers.
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