~Є100M of total investment volume
Leading Baltic
private debt
fund
Leading Baltic private debt fund
Largest private debt fund in Lithuania
Best performing open-ended fund since inception
IRR >9,5%, +60% since inception
Proven track record
50+ investments made to date, 30+ successful exits
High liquidity for non-liquid asset class
Quarterly redemptions after 2 years’ lock up
Real Estate financing
Private debt investments into high quality projects and companies.
Corporate financing
Diversification across business sectors and debt instruments.
>30% IRR
12% IRR
18% IRR
Stable returns during unstable times
Value of Class A fund units:
Managing
team
Our team has been working in the fields of investment and real estate for many years, and oftentimes – for decades. But that’s not the only thing that makes us stand out.
Principles of
investment
Idea
The Fund’s purpose is to invest in businesses compliant with bank financing requirements, and RE projects that have been denied financing due to technical issues.
Philosophy
Investment in the debt of businesses and RE projects that we’d be happy to invest in ourselves. We see ourselves as a fixed-income partner, not a creditor.
Geography
The Fund’s target market is Lithuania and the broader Baltic region. The Fund also reserves the right to invest in several Central and Eastern European countries.
Diversification
The fund has a portfolio of 16 bonds diversified across sectors, bond maturities, and risk (Senior vs. Junior).
Facts about
the Fund
Acquisitions
Every monthRedemption, lock up
Monthly, 2 years lock upMinimum investment
30 000 Eur (class E)Target fund size
100 000 000 EURYear of inception
2018Investment geography
Europe
Benas Poderis
Partner, Member of the Board, Head of Investment Management Department
Benas Poderis, a full partner at Nter Asset Management, is a licensed investment manager with 10+ years of experience in multiple asset classes and financial services. His key areas of expertise include structuring complex investment transactions and projects, developing alternative investment products, sourcing investment pipelines, and dealmaking.
Although best known for his track record in the private debt market, Benas is a universal player actively involved – i.e., from launch to exit – in other asset classes and investment funds as well, from renewables and social infrastructure to real estate.
Having completed his education in law, he played a prominent role in many landmark projects at the leading law firm TGS Baltic, and handled distressed debt amid the last global financial crisis at SEB Bank’s Special Loan Administration Department.
With us since 2013, Benas was part of Nter Asset Management from its earliest stages, and has been involved in more than 100 investment transactions by our firm to date.
Donatas Frejus
Fund manager
Donatas Frejus is a seasoned investment professional with 20+ years of experience across multiple asset classes in both private and public markets.
He was instrumental in managing a bond portfolio for Bank Finasta, which became one of its key sources of profit in the wake of the 2008 global financial crisis. While there, he also gained substantial experience in managing CEE equity and fixed-income investments for the Bank’s investment and pension funds, as well as a private Icelandic hedge fund.
Donatas joined Nter Asset Management’s private debt team in 2020, having spent the previous 8 years managing equity and multi-asset funds within the firm.
Asset class
Status
Solida Capital
Financing an aqquisition of commerce real estate in Warsaw
Nter Private Debt Fund
5 mln. €
Ongoing
Alna Business
Investments in high growth companies in the Baltic States
Exited IRR 20%+
Private Equity
Closed
Jogaila Business Centre
Investments in real estate (development)
Vilnius
1 280 m2
Closed
Last mile logistics portfolio in USA
Real estate investments in the USA
20 mln. €
Logistics
Ongoing
IT company
Investments in high growth companies in the Baltic States
2 mln. €
Private Equity
Ongoing
Oskierkų manor
The fund’s first investment in developing a residential real estate project in Vilnius
Nter Private Debt Fund
1 mln. €
Closed
Palangos Ašis Apartments
Investments in real estate (development)
Palanga
6 400 m2
Ongoing
Portfolio of USA SaaS companies
Private equity investments in the USA
50 mln. €
Private Equity
Ongoing
Multifunctional RE development project
Bridge financing for an expansion project of residential and commercial buildings in Vilnius.
Nter Private Debt Fund
5.5 mln. €
Closed
Advertising company
Investments in high growth companies in the Baltic States
1,5 mln. €
Private Equity
Ongoing
"Šviesa"
Mezzanine financing of the acquisition of an educational literature publishing
Nter Private Debt Fund
2 mln. €
Ongoing
UPA Medical SPA Rehabilitation Centre
Investments in real estate (cash flow)
Druskininkai
6 700 m2
Ongoing
Eleving Group
Investment in the public issue of bonds of an international Fintech company
Nter Private Debt Fund
1 mln. €
Ongoing
Palangos Panorama Apartments
Investments in real estate (development)
S. Daukanto g. 8, Palanga
2 600 m2
Ongoing
"Pamario jėgainių energija"
Investments in 45 MW wind farm
Exited IRR 25%+
Alternative Energy
Closed
Sostena Business Centre
Investments in real estate (cash flow)
Vilnius
11 000 m2
Closed (sold)
Wholesale food company
Financing the acquisition of a stake in one of the largest bakeries in Lithuania
Nter Private Debt Fund
1.5 mln. €
Ongoing
Furniture company
Investments in high growth companies in the Baltic States
3,5 mln. €
Private Equity
Ongoing
PMC Training
Financing of horizontal integration of another company and growth capital
Nter Private Debt Fund
0,6 mln. €
Ongoing
Business Centre
Investments in real estate (cash flow)
Lithuania
5 000 m2
Ongoing
Warehousing RE in Vilnius
Financing of the acquisition of a cash-flow warehousing RE project
Nter Private Debt Fund
2.7 mln. € (likutis 0,6 mln. €)
Closed
LaaS company
Investments in high growth companies in the Baltic States
2 mln. €
Private Equity
Ongoing
Apartment buildings in Vilnius
Investments in real estate (development)
Vilnius
9 500 m2
Ongoing
20 MW solar farm
Investments in renewable energy
15 mln. €
Alternative Energy
Ongoing
Aviation
Financing the purchase of shares in an aviation company.
Nter Private Debt Fund
5.6 mln. €
Ongoing
Europos 4
Financing a development project for residential housing in Kaunas
Nter Private Debt Fund
4 mln. €
Ongoing
Healthcare and SPA centre
Investments in real estate (cash flow)
Lithuania
15 200 m2
Ongoing
Multifunctional centre in Klaipėda region
Development of multifunctional centre
Sendvaris eldership, Klaipėda district
8 200 m2
Ongoing
Technology holding
The purchase of bonds of a company managing a portfolio of technology companies
Nter Private Debt Fund
2 mln. €
Ongoing
RE project in Germany
Investment in the expansion project of an industrial/administrative object (18 000 m2) in Germany
Nter Private Debt Fund
4.8 mln. €
Ongoing
IBIS Hotel Kaunas
Investments in real estate (cash flow)
Kaunas
3 300 m2
Closed (sold)
McDonald‘s
Mezzanine financing for a build-to-suit McDonald’s restaurant in Vilnius
Nter Private Debt Fund
0.5 mln. €
Closed
Wholesale food company
Financing a company's horizontal integration
Nter Private Debt Fund
0,5 mln. €
Ongoing
Mailerlite
Financing the purchase of Mailerlite shares
Nter Private Debt Fund
3 mln. €
Closed
Baltic Asset Management
Financing for the development of different projects (co-living, apartments, lofts)
Nter Private Debt Fund
5 mln. €
Closed
Youston
Financing of a conversion project for administrative buildings on Smolensko St. 10, Vilnius
Nter Private Debt Fund
1.6 mln. €
Closed
Industrial RE in Vilnius
Investment in a cash-flow RE object (repurchase agreement)
Nter Private Debt Fund
1.4 mln. €
Closed
Audėjas territory conversion
Partial financing of a multifunctional RE development project
Nter Private Debt Fund
4 mln. €
Closed
Ramu Du
Financing a development project of multi-storey residential building in Vilnius
Nter Private Debt Fund
2 mln. €
Closed
RE management company
Investment in a company managing cash-flow real estate in Vilnius
Nter Private Debt Fund
1 mln. €
Ongoing
Pro Bro
Financing for the development of a build-to-suit object
Nter Private Debt Fund
1 mln. €
Closed
Agricultural land
Financing the purchase of agricultural land plots
Nter Private Debt Fund
1 mln. €
Closed
UAB Plovyklos LT
Financing for acquisition of tunnel car washes portfolio
Nter Private Debt Fund
3.9 mln. €
Ongoing
Mogo Finance
Investment in the bonds of an international Fintech company
Nter Private Debt Fund
5.6 mln. €
Closed
Pro Bro
Bridge financing for the acquisition of property and equipment for car washes
Nter Private Debt Fund
1.1 mln. €
Closed
Agriculture holding
Financing of a company indirectly managing a portfolio of agricultural land
Nter Private Debt Fund
1 mln. €
Closed
Plus Plus Capital
The purchase of bonds of a receivables management company
Nter Private Debt Fund
2.1 mln. €
Restructuring
East West Agro, AB
Subordinated bonds for working capital and loan refinancing
Nter Private Debt Fund
1.5 mln. €
Closed
Plus Plus Capital
Investment in the publicly issued bonds of a receivables management company
Nter Private Debt Fund
3.6 mln. €
Closed