Eika Asset Management has launched a new fund offering an opportunity to invest in one of the largest US private equity secondary market funds registered in Luxembourg

The investment company “Eika Asset Management” has established a new closed-end fund “Eika Private Equity Secondaries Fund I”, which will allow investors looking for new opportunities to invest in the Luxembourg-registered alternative collective investment entity “StepStone Secondary Opportunities Fund V Europe Holdings”. The permission to establish this Fund was granted by the Bank of Lithuania.

“I am happy to announce that the result of smooth cooperation with the Bank of Lithuania and the careful work of the EAM team is a new fund for informed investors. This Fund will provide investors with an opportunity to invest in one of the most well-known international players with a track record of excellent performance. And for our team, this is another step up, realizing investors’ expectations and creating a wider selection of funds”, says Viktorija Orkinė, CEO of Eika Asset Managemet.

Eika Private Equity Secondaries Fund I is the fifth investment fund established by Eika Asset Management, which will invest in StepStone Secondary Opportunities Fund V Europe, an alternative collective investment entity established in Luxembourg.

“StepStone’s experience and specialization, clear strategy and data collected on the private capital market over a long investment history give this holding company established in Luxembourg significant advantages specifically in the market of secondary transactions,” Viktorija Orkinė comments in more detail about the decision.

In addition to projects abroad, Eika Asset Managemet continues to operate actively in Lithuania. A few weeks ago, Eika Asset Management announced the start of construction of the Old Town Gardens project in Vilnius. The announcement states that investments in the development of this project will amount to 41.3 million. euros.