Multi-Family Office

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INVL Family Office

INVL Family Office was founded in 2015 as a standalone entity after its team had run the wealth-management division of AB Bank Finasta since 2008.

INVL Family Office logo

INVL Family Office

INVL Family Office was founded in 2015 as a standalone entity after its team had run the wealth-management division of AB Bank Finasta since 2008. Its wealth traces to Invalda INVL, the asset-management group started in 1991 by Lithuanian academics who accumulated capital through private equity and diversified holdings across the Baltic states. The firm expanded into Estonia and Latvia in 2024 while keeping its headquarters in Vilnius. The office invests in private equity, real estate, infrastructure, natural resources and private credit. It executes through direct co-investments, SPVs and fund commitments at buyout and growth stages. Confirmed holdings include the INVL Baltic Real Estate Portfolio spanning Lithuania and Latvia, the INVL Sustainable Timberland and Farmland Fund II covering the Baltic states and Romania, Dommo Logistics and Industrial Park in Latvia, and the INVL Renewable Energy Fund I active in Romania and Poland. Geographic reach extends to Europe and North America. An estimated $750 million sits under management. The core team has worked together for nearly twenty years. Additional offices opened in Estonia and Latvia during 2024. The firm belongs to Invest Europe, the Lithuanian Private Equity and Venture Capital Association, the Polish Private Equity and Venture Capital Association, the Principles for Responsible Investment, and the Lithuanian Association of Family Asset Managers, where Asta Jovaišienė serves as chairman. INVL Family Office operates under a regulated brokerage license that permits integrated investment, tax and governance services for multiple families. This structure separates it from single-family offices tied to one operating company while still drawing on the Invalda INVL platform for deal access and back-office support.

General information

Firm type

Multi Family Office

Year founded

2015

AUM

€900M+

Location

Region

Europe

Country

Lithuania

City

Vilnius

Corporate office

Vilnius, Lithuania

Additional offices

Estonia · Latvia

Principals

Alvydas Banys

Founder of Invalda INVL and Chairman of the Management Board

Darius Šulnis

CEO of Invalda INVL

Asta Jovaišienė

Head of INVL Family Office and Board Member

Indrė Mišeikytė

Board Member

Sector focus

Energy Transition & RenewablesAgriTech & FoodTechCircular EconomyHealthcare ServicesIndustrial TechGovTechData AnalyticsClimateTechDigital HealthFinTechMobility & Transportation

Frequently asked questions

Who runs investment decisions at INVL Family Office?

Asta Jovaišienė serves as Head of INVL Family Office and Board Member. Alvydas Banys founded the predecessor Invalda INVL group and remains Chairman of the Management Board. Darius Šulnis acts as CEO of Invalda INVL.

How does INVL Family Office source proprietary deal flow?

The firm draws on relationships built inside Invalda INVL since 1991. It also participates in Invest Europe and national private-equity associations in Lithuania and Poland.

Is INVL Family Office structured as a single family office or does it operate more like a venture firm?

It functions as a multi-family office serving several affluent Baltic families. The firm holds a regulated B-category financial brokerage license rather than a pure venture or private-equity fund structure.

Does INVL Family Office participate in fund commitments or only direct deals?

It uses both approaches. The office commits to funds and also executes direct co-investments and SPVs in real estate, infrastructure and private equity.

What investment stages does INVL Family Office typically target?

The firm focuses on buyout and growth opportunities. It deploys across private equity, real estate, infrastructure and natural resources.

Where does the underlying wealth come from?

Wealth originates from Invalda INVL, the asset-management group established in 1991 by Lithuanian academics through private-equity and diversified investments in the Baltic region.

Does INVL Family Office maintain philanthropic structures, and how are they separated?

The firm supports the Vilnius Lyceum Alumni Endowment Fund. No further details on separation or governance of philanthropic vehicles appear in public materials.

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