Evernord, a group of investment and wealth management firms, has raised almost €130 million of investor capital in 2024 to finance a wide range of projects for issuers in real estate, finance and other sectors. “The Evernord Group welcomed 160 new clients in 2024. The company also confirmed a number of important transactions in the market last year, including the acquisition of M-1 radio stations by the 15 min Group.
In comparison, in 2023 Evernord was involved in the financing of projects worth €64 million.
“2024 was an exciting and dynamic year. After the boom years of 2022-2023, last year saw some corrections in the market, which convinced us that professional preparation and the ability of both the issuer and the underwriter to assess the situation, not only in the “here and now”, but also in a medium-term perspective, are crucial for every bond issue. Last year was a year of new opportunities, just like the year before, and Evernord was able to make the most of these opportunities. The active start of this year indicates that we will invite investors to join promising projects in 2025 as well,” says Vismantė Šepetienė, Director of Evernord FMI.
“Among the significant achievements of the last year, Evernord lists the first round of fundraising of Evernord Marbella Property Fund I, established by Evernord Asset Management, a company belonging to the group, during which investors entrusted EUR 8.5 million to a prestigious villa project in the Spanish resort region of Marbella.
In addition, a new open-ended fund for informed investors, the Evernord Bond Fund, was launched last year with the aim of opening up more diversification opportunities and exploiting the potential of the corporate bond markets in Scandinavia and other regions. To date, the fund has attracted almost €10 million in investor funding.
“In 5 months of operation, the Fund has made 23 new investments in different corporate bonds. The Fund’s objective is to offer investors a broader geographic and sectoral spread, so our investments are spread across 10 different countries, 11 different industries and we continue to expand. Investors in Lithuania can easily choose real estate bonds, and some investors’ portfolios are dominated by this type of investment. We aim to offer an alternative to both geography and real estate,” notes Gintaras Rutkauskas, Manager of Evernord Bond Fund and Head of Evernord Asset Management.
The geography of Evernord Bond Fund’s investments currently covers Germany, Scandinavia, Spain, France, the United Kingdom, Poland and the Netherlands. The Investment Committee has approved 38 potential investments and continues to actively monitor the market and analyse new potential companies. The Fund is open to new investors seeking higher returns in non-real estate sectors.
Among other important projects in the financial sector, Evernord mentions the non-public issue of EUR 2 million of subordinated bonds by the Lithuanian specialist Fjord Bank in 2024. The bonds have a 10-year maturity and an annual yield of 14%. As Evernord points out, the issue allowed investors to lock in higher returns over a longer period at the right time.
“Evernord also regularly distributes structured products from its long-standing partner Evli Bank of Finland, which open up a wider range of investment instruments for investors to choose from and recruit in other regions of the world, such as the US and Europe. Last year, EUR 17 million worth of Evli products were distributed to investors in Lithuania. “Evernord Group is Evli Bank’s representative in the Baltics.
Another example of Evernord’s long-standing and successful partnership is the regular bond issues of debt management company Legal Balance. During 2024, Evernord FMI Evernord has raised EUR 7 million in investor funds in several phases for the expansion of Legal Balance.
“The Evernord Group, which is active in capital raising, investment fund management and real estate project management, is also increasing its turnover in other segments, including the provision of accounting services for securities and funds of private limited liability companies and transaction registration. Last year, Evernord UAB FMI approved one of the most significant transactions in the Lithuanian media market – the acquisition of the M-1 group of radio stations by 15min Group.