News

The raised wreath marks the last construction stage of St. Jacob's quarter

2023-05-25

In 2020 “Lords LB Special Fund IV” presented the renovation project of St. Jacob architectural quarter in Vilnius. One of the most important stages of the construction work has already been completed – a wreath has been erected in the block to mark this event. The renewed historical quarter will consist of St. Church of the Apostles Philip and James, Dominican monastery, spaces for educational activities with an inner garden and commercial premises.

JSC "Atsinaujinančios Energetikos Investicijos" raises 92 million EUR for renewable energy investments

2023-04-18

AEI was founded in 2020 and is managed by Lords LB Asset Management, a premier provider of investment management services to institutional and individual investors established in 2008.

“Atsinaujinančios Energetikos investicijos“ secures financing to build solar plants in Poland to provide energy for 21,000 homes

2023-04-06

JSC “Atsinaujinančios energetikos investicijos” has signed an agreement worth 105 million PLN (22,4 million EUR) with Bank Pekao S.A. to finance the construction of 67.8 MW solar PV plants in Poland.

“Lords LB Asset Management” issued bonds worth 8 million euros

2023-01-13

The company UAB “Vilniaus miesto projektai” managed by the investment company “Lords LB Asset Management” borrowed 8 million euros in the bond market for twelve months with 6.5 percent annual interest.

Lords LB Special Fund IV announces its new Jacob's Quarter tenant, Royal Russell School

2023-01-11

Lords LB Special Fund IV, the developer of St. Jacob’s Quarter in Vilnius, Vasario 16-osios Street, is proud to announce its new tenant, Royal Russell School. The British international school will open its doors in 2024 and will be the first boarding school in Lithuania. The school will also admit day pupils from the wider Vilnius region.

One more building developed by Lords LB Asset Management Fund awarded BREEAM Outstanding, the highest certificate

2022-06-29

Lvivo Business Centre, managed by Lords LB Special Fund I Subfund B of the investment management company Lords LB Asset Management, has been awarded BREEAM Outstanding, the highest international BREEAM New Construction certificate for sustainable buildings. This rating is the world’s most widely used and leading sustainability certification for buildings. The awarded business centre is located at 37 Lvivo Street, Vilnius.

Winner of the architectural competition for a new Class A business complex in Vilnius

2022-06-28

The winner of the international architectural invited competition for the business complex at 68A Lvivo Street, Vilnius, has been announced. The “White River” project by the Lithuanian architecture studio Arches won the competition.

Lords LB Baltic Fund III real estate investment fund has successfully closed

2022-04-26

Lords LB Baltic Fund III, a closed-end real estate investment fund managed by UAB Lords LB Asset Management, has ended its operations and sold its last asset. The fund was launched in May 2012.

Lords LB Asset Management issues EUR 8 million worth of bonds

2022-01-13

UAB Vilniaus Miesto Projektai, a company managed by the investment company Lords LB Asset Management, borrowed EUR 8 million on the bond market for a period of twelve months at an annual interest rate of 6.5%.

EUR 50 million financing received for the construction of Preses Nama, green business centre developed by Lords LB

2021-12-10

AS PN Project, a fund managed by the Lords LB Asset Management investment company, has signed two financing agreements worth EUR 25 million each. A total of EUR 50 million has been granted by the Nordic Investment Bank (NIB) and Citadele Bank for the construction of the BREEAM Excellent business centre Preses Nama in Riga.

Investments in Renewable Energy invests in 186 MW wind farm in Lithuania

2021-11-26

Investments in Renewable Energy (UAB „Atsinaujinančios energijos investicijos“), a closed-end investment company for informed investors managed by Lords LB Asset Management, together with Taaleri SolarWind II, a fund managed by Taaleri Energia, has acquired the wind farms under development in Anykščiai, Jonava and Rokiškis regions from European Energy, the Danish renewable energy company. The total installed capacity of the wind farms will be up to 186 MW. The first power plants will start operating this year and construction of all parks is scheduled to be completed by the end of 2022.

Lords LB Baltic Green Fund (V) has acquired a hotel in Vilnius

2021-10-07

Lords LB Baltic Green Fund (V), a closed-end real estate investment fund, has acquired Holiday Inn, a 4+ star chain hotel at 1 Šeimyniškių Street 1, Vilnius. The Fund acquired 100% of the shares of Valmeda, the company that manages the hotel. The transaction was brokered by Sorainen law firm. By agreement of the parties, the financial information of the transaction is undisclosed.

Lords LB Baltic Fund III has sold shopping centre in Marijampolė

2021-09-30

SMI Marijampolė, a project company of the closed-end real estate investment fund Lords LB Baltic Fund III, has sold a shopping centre at 3 Dariaus ir Girėno Street, Marijampolė. The deal was brokered by Newsec, an international real estate consultancy, and Sorainen law firm. The property was acquired by UAB Rivona. By agreement of the parties, the financial information of the transaction is undisclosed.

Construction of the Preses Nama district starts

2021-08-13

In Riga, a capsule-laying ceremony marks the start of the construction of the Preses Nama district. A capsule with a text describing the history of Riga and its hopes and ideas for the future was placed in the foundation of the soon-to-be-built buildings for future generations.

Investments in Renewable Energy wins tariff in an auction for renewable energy support in Poland and secures a fixed price for solar energy for 15 years

2021-07-07

PV Energy Projects, the Polish subsidiary of the investment company Investments in Renewable Energy (UAB „Atsinaujinančios energijos investicijos“), has won an incentive tariff auction in Poland and secured a fixed price for solar energy from 29 solar power plants operated by the company, each with an installed capacity of 1MW. The Contract for Difference (CfD) tariff is set for 15 years. PV Energy Projects owns solar development projects in Poland with a total capacity of 73.4 MW.

Investments in Renewable Energy acquires a portfolio of 21.9 MW of solar power projects from E Energija Group in Poland

2021-06-30

Investments in Renewable Energy (UAB „Atsinaujinančios energijos investicijos“), a closed-end investment company for informed investors managed by Lords LB Asset Management, has bought a portfolio of 21.9 MW of solar power plants in Poland from E Energija Group. The installation of these solar farms will provide green electricity to 11,000 households in Poland.

Lords LB Baltic Fund III has sold shopping centre in Jelgava

2021-06-01

Lords LB Baltic Fund III, a closed-end real estate investment fund, has sold a shopping centre in Jelgava, Latvia. The deal was brokered by Newsec, an international real estate consultancy. The company that acquired the property is undisclosed. The parties have also agreed to keep the financial information of this transaction confidential.

The close-ended real estate investment fund Lords LB Special Fund II has successfully completed its operations

2021-05-27

The close-ended real estate investment fund Lords LB Special Fund II, managed by Lords LB Asset Management, has successfully completed its operations and was closed by decision of the Bank of Lithuania. The Fund’s average annual return for investors equals 22.5%.

Company owned by Lords LB Baltic Fund IV successfully placed an EUR 8 million issue of bonds

2020-12-10

Terseta UAB, a company owned by investment management company Lords LB Asset Management’s Lords LB Baltic Fund IV, borrowed EUR 8 million euros on the bond market. The bonds were issued with 18 months maturity at an annual interest rate of 6%.

Lords LB Asset Management earned prestigious Euromoney recognition in Lithuania and Latvia

2020-10-28

Outstanding international capital and financial markets magazine Euromoney has ranked Lords LB Asset Management as the best investment manager in Lithuania in 2020. Company has retained its leadership position as the best investment manager in the country and has earned the award for the second time.

CONSTRUCTION OF THE FIRST PHASE OF THE PRESS HOUSE QUARTER PROJECT IS ABOUT TO BEGIN

2020-07-16

At end of July, implementation of the first phase of the Press House Quarter project will start. This includes the rebuilding of the historic Press House building. Before the start of building work, media representative had the chance to document the Press House’s indoor premises for the last time.

EIB supports Lords LB Asset Management’s solar energy project in Poland

2020-05-27

The European Investment Bank (EIB) has signed today its first loan to a company building and running photovoltaic plants in Poland. The EU bank will lend PLN 82m (around EUR 18m) to Energy Solar Projekty sp.z o.o. for the construction and operation of 66 small-scale, independent photovoltaic (PV) plants. With an average nominal capacity for each plant of less or equal than 1 MW, the total capacity will reach about 65,6 MW. This is the equivalent of 19,000 households, which could be supplied with the energy generated by the project.

Building permit received for the start of construction of the first phase of “Preses Nams Quarter”

2020-05-07

The Riga City Construction Board has issued a building permit for the construction of the 1st phase of the new Preses Nams quarter. In the first development phase of the project, a modern Class A office centre is planned to be built, as well as a commercial area with the first rooftop football field in the Baltics and a Holiday Inn hotel, which will be the first InterContinental Hotels Group (IHG) hotel in Latvia.  

Eiffel Energy Transition to finance the construction of 66 solar parks with a total capacity of 65.5 MW in Poland

2019-06-12

The Paris-based Eiffel Energy Transition Fund has signed a bond subscription agreement with JSC Atsinaujinancios energetikos investicijos for a private ordinary bond emission of more than EUR 30m. The company is a subsidiary of the Energy and Infrastructure SME Fund, which is managed by Lords LB Asset Management.

Parkdema has acquired Latvian parking operator

2019-04-08

Subsidiary of Parkdema, managed by Energy and Infrastructure SME Fund, has acquired parking operator SIA EuroPark Latvia.

Lords LB Asset Management strengthens its management team

2019-03-14

The Bank of Lithuania approved changes in the management of investment management company Lords LB Asset Management as it is expanding the scope of its Funds’ activities.

Lords LB Special Fund V signed for the first Holiday Inn hotel in Latvia

2018-09-20

Holiday Inn, the largest hotel brand in the world, is targeted to open in Latvia’s capital Riga, in September 2022 in the former iconic Preses Nams building in the heart of the city.

Lord LB Baltic Fund IV Fund won a tender for the acquisition of Lietuvos Energija main office in Vilnius

2018-06-08

On June 7^th it was announced that company Terseta, owned by the investment property fund Lords LB Baltic Fund IV, won a tender for the acquisition of state-controlled energy holding Lietuvos Energija main office. For the buildings of 16,000 square meters on Žvejų str. in Vilnius the Fund offered  23,903,550 EUR (incl. VAT).

Aidas Ignatavičius will manage two Lords LB Asset Management funds

2017-12-06

Aidas Ignatavičius has joined the investment management company Lords LB Asset Management as the manager of Energy and Infrastructure SME as well as Energy Infrastructure Baltic Fund funds.

The first PEPCO store in Lithuania opens in the supermarket managed by Lords LB Asset Management fund Baltic Fund III

2017-11-28

In December, retail chain PEPCO will open store in the shopping center operating on Dariaus and Gireno str. 3A, in Marijampole. This will be the first store in Lithuania for the chain, which currently operates more than 1200 stores in several Central European countries.

New fund to invest exclusively in Energy and Infrastructure SME Fund

2017-11-21

The asset management company INVL Asset Management established a fund, INVL Alternative Assets Umbrella Fund II, the first sub-fund of which, INVL Partner Energy and Infrastructure Fund, will invest all the assets into the fund intended for informed investors Energy and Infrastructure SME Fund managed by Lords LB Asset Management.

Telia establishes service centre in the k29 business centre

2017-10-27

Telia establishes a group service centre in Vilnius, with the ability to grow and serve Telia Company group with a variety of global services – from IT and technology to sourcing and other internal services. The service centre will be based in the k29 business centre on Konstitucijos avenue.

Lords LB Asset Management fund set up an experienced Supervisory Board for the project in Riga

2017-10-03

In July Lords LB Special Fund V, real estate investment fund managed by the investment management company Lords LB Asset Management, acquired the building of the former Press Chamber in Riga. An international council of six supervisors, which will be managed by investor and former Ukrainian Minister of Economy Aivaras Abromavičius, was elected for the development of this project.

Lords LB Baltic Fund IV has acquired shopping centre GO9

2017-08-22

On August 22, Lords LB Baltic Fund IV, real estate investment fund managed by the investment management company Lords LB Asset Management, signed a purchase agreement for the shopping centre GO9. The building of more than 12,000 square meters located on Vilnius Gedimino Avenue accommodates fashion store H&M, bookstore Vaga and supermarket RIMI among others.

Lords LB Asset Management has acquired City Parking Group, Central Europe’s leading parking operator

2017-08-22

Energy and Infrastructure SME Fund, managed by Lords LB Asset Management, Lithuania based fund management company, announced that it has acquired 100 percent of shares of City Parking Group S.A. from Royalton Capital Investors II L.P., a private equity fund.

Swedbank in Lithuania to finance the construction of a multifunctional complex designed by Daniel Libeskind

2017-07-11

Swedbank in Lithuania has agreed with JSC Investmira, a subsidiary of Lords LB Special Fund I, a fund, managed by Lords LB Asset Management, on a EUR 30 million long term financing. The loan will finance the construction of a multifunctional complex in Konstitucijos av. in Vilnius, comprised of A class business center and a Radisson RED hotel, the first in the region. The complex was designed by D. Libeskind, one of the most renowned architects in the world.

Lords LB Asset Management Fund to invest more than 200 million euros in Riga, project will be led by Aivaras Abromavičius

2017-07-04

Lords LB Special Fund V of the Lithuanian investment management company Lords LB Asset Management is going to invest more than 200 million euros into the territory of former Press Chamber in Riga that was acquired for 16.8 million euros from Latvian Shipping Company, owned by Vitol. That will be the largest office space development project in the Baltics and one of first steps of the company’s expansion in the region.

The office building 'k29' in Vilnius received the highest sustainability assessment in the Baltic States

2017-05-17

The office building ‘k29’ situated on Konstitucijos avenue, in the capital of Lithuania, received the highest evaluation for the harmony with the surroundings in the Baltic States. The building was granted Excellent BREEAM In-Use certificate. So far it is the first and the only building holding this type of certificate in the Baltic States.

The largest centre of pet products in Eastern Europe rented the last vacant premises in the shopping centre Krasta 52, in Riga

2017-04-26

On 25 April, the largest and most modern centre of pet products Dino Zoo in Eastern Europe was opened at the shopping centre Krasta 52, in Riga. The largest indoor trampoline centre in Latvia – Jump Space and the centre of building and finishing materials Kurši have already been opened in the centre.

“Lords LB Asset Management” team was joined by Jonas Kimontas

2017-02-03

A new fund manager Jonas Kimontas joined the team of investment management company “Lords LB Asset Management”. He started to manage the funds of “Energy and Infrastructure SME”, “Energy and Infrastructure Baltic Fund” and “Lords LB Private Equity Fund III” from January 2017.

K29 office complex was recognised as the best commercial RE project in Lithuania

2016-12-13

At the competition of the best RE project ‘For Sustained Development’ organised by the Lithuanian Real Estate Development Association (LNTPA) for the tenth year in Lithuania, the commission recognised the k29 office complex at Konstitucijos avenue, in the capital city, as the best commercial project. Building managers and architects emphasise that harmony with nature and people was in the main focus from the very beginning of the project.

Fund controlled by Lords LB Asset Management acquired concession of the M. K. Čiurlionis bridge left access transport infrastructure node in Kaunas

2016-11-25

In the end of October, Energy and Infrastructure SME Fund controlled by investment management Lords LB Asset Management acquired Čiurlionio tiltas, JSC from Hidrostatyba company, which controls the concession of design, construction and operation of the transport node on the left access to M. K. Čiurlionis Bridge.  In the next 16 years, the investment fund will participate in this project, while Hidrostatyba will continue carrying out its maintenance and operation.

A notary bureau is moving to k29 Office Complex

2016-11-24

On 6 December, Vilnius City Notary Bureau No. 32 moved to the k29 office complex situated in the centre of Vilnius. The notary bureau joins the companies, such as: Nasdaq, AIG, KPMG, Seesam, and others having their offices in the building situated at Konstitucijos avenue.

Lords LB Baltic Fund IV is expanding its business in Estonia

2016-11-16

On 11 November, real estate investment fund Lords LB Baltic Fund IV acquired the third object – a complex of offices EU House. The building situated in the very heart of Tallinn houses the representative offices of the European Commission and of the European Parliament, audit company EY, law firm Lextal, etc. However, it is not the last purchase of the Fund in the Baltic capital cities.

Lords LB Asset Management successfully closed Lords LB Baltic Fund I

2016-10-24

On 24^th of October, closed-end real estate investment fund Lords LB Baltic Fund I ceased its activities. During the whole business period of seven years, the fund repaid the total invested amount and earned profit to the investors. Those who invested into the fund from its business commencement earned the return of over 11 per cent annual interest.

Carlson Rezidor brings the first Raddisson Red to Vilnius, Lithuania

2016-10-05

Rezidor, one of the most dynamic hotel groups worldwide and a member of the Carlson Rezidor Hotel Group, is proud to announce the signing of the first Radisson RED in the Baltics, Russia & CIS region. The hotel will be in Vilnius city center, next door to the existing Radisson Blu Lietuva hotel and only a short walk from the historical Old Town. The around 200 room Radisson RED Vilnius is expected to open its doors by early 2020.

Lords LB Asset Management setting up new real estate investment fund

2016-07-08

The Bank of Lithuania has approved the rules of Energy and Infrastructure SME Fund, established by Lords LB Asset Management. The fund will specialise in investments in energy and infrastructure projects in the Baltic countries. This is a closed-end fund intended for informed investors.

Lords LB Asset Management setting up new real estate investment fund

2016-06-27

The Supervision Service of the Bank of Lithuania has approved the rules of Lords LB Special Fund IV, a real estate investment fund to be established by UAB Lords LB Asset Management. This is a closed-end fund intended for informed investors.

Jan Litborn has been elected as the Chairman of the Board

2016-05-11

Jan Litborn has been elected as the Chairman of the Board of investment management company Lords LB Asset Management. In addition to Litborn, a partner with Swedish law firm Glimstedt, the Board also includes three shareholders of Lords LB Asset Management, namely Mindaugas Marcinkevičius, Andrius Stonkus and Antanas Vainauskas, as well as  Domas Kačinskas, the director of Lords LB Asset Management. All the members of the Board have been approved by the Bank of Lithuania.

The Board took office on 4 January, with the term of office scheduled to expire in December 2019.

World’s architecture stars light up Vilnius skies

2016-04-28

Architectural solutions for a multifunctional complex, k18B, were presented by participants in an international architectural competition at the k29 business centre in Vilnius. The winner of the two-month competition, which involves ten prominent architectural firms from Lithuania and from around the world, will be announced on 29 April. 

Lords LB Asset Management setting up two new funds

2016-04-14

Investment management company Lords LB Asset Management is to establish two new closed-end informed investor-oriented real estate investment funds, Lords LB Special Fund II and Lords LB Special Fund III. The Supervision Service of the Bank of Lithuania has approved the rules of these funds.

Transaction for acquisition of Comfort Hotel LT wrapped up

2016-04-04

Lords LB Baltic Fund IV operated by investment management company Lords LB Asset Management has completed the transaction for the acquisition of the Comfort Hotel LT – Rock’n’roll Vilnius hotel in the Lithuanian capital. After receiving permission from the Competition Council, the Fund has acquired a 100% shareholding in UAB Eicore, the hotel operator, from Norwegian investment fund Selvaag.

New challenge for architects on Konstitucijos Avenue in Vilnius

2016-03-18

An international competition has been launched to select an architect for a new office and hotel complex to be built on Konstitucijos Avenue. It is organised by the Lithuanian Union of Architects, Vilnius City Municipality and investment management company Lords LB Asset Management. The organisers expect the best architectural ideas to adorn the modern centre of Vilnius and contribute to the efforts to make the capital city comfortable for Vilnius residents and attractive to investors.

Lords LB Baltic Fund IV to acquire Comfort Hotel LT

2016-02-02

Lords LB Baltic Fund IV operated by investment management company Lords LB Asset Management is to acquire the Comfort Hotel LT – Rock’n’roll Vilnius hotel in the Lithuanian capital. The Fund will purchase a 100% shareholding in UAB Eicore which owns the hotel. UAB Eicore is currently controlled by Norwegian fund Selvaag Eastern European Development.

NP Logistics expands its rented area at Latvian logistics centre

2016-01-19

NP Logistics has expanded its rented area at the Bergi logistics centre operated by investment fund Lords LB Baltic Fund III. The company provides logistics services to Laima, Latvia’s leading producer of confectionery.

The total area rented by NP Logistics has increased from previous 10,000 square metres to almost 15,000 square metres. The installation of the necessary equipment on the new rented premises will soon be completed, with warehousing operations to be launched in February.

Lords LB Baltic Fund II closed down successfully

2016-01-15

Having examined the application of Lords LB Asset Management and related material, the Supervision Service of the Bank of Lithuania has declared null and void the rules of Lords LB Baltic Fund II, a closed-end special real estate investment fund managed by this company.

Lords LB Baltic Fund II is the second successfully closed investment fund managed by investment management company Lords LB Asset Management. This Fund has invested EUR 32 million in the development of business centre k29. The four-year k29 development stage is over, so the Fund is now being closed. Both foreign and Lithuanian institutional and private investors invested in the Fund. Annual returns for investors reached 23.63%.

LORDS LB launches first Lithuanian Energy and Infrastructure Fund

2016-01-06

Lords LB Asset Management has established Lithuania‘s first fund that will specialise in investments in energy and infrastructure projects in Lithuania, Latvia and Estonia. The Baltic Energy and Infrastructure Fund (BEIF) is expected to accumulate EUR 200m in assets under management within three years.

Development of k29 business centre wrapped up in Vilnius

2015-12-21

The last tenants moved in to the new k29 business centre located at Konstitucijos pr. 29, Vilnius thus wrapping up the k29 development stage. Lords LB Baltic Fund II of investment management company Lords LB Asset Management invested EUR 32 million in this project. Part of the investment was financed by the Fund from its own resources and the other part was a loan granted by Lithuania’s largest commercial bank SEB bankas. The development of the entire project took more than four years.

Board extends Lords LB Baltic Fund III investment and distribution period

2015-12-10

The Board of investment management company Lords LB Asset Management has decided to extend the Lords LB Baltic Fund III investment and distribution period to 31 May 2016. The Bank of Lithuania has green-lighted the amendment of the Rules of the Fund providing for this new term of the distribution phase.

Market value of fund assets managed by Lords LB Asset Management exceeds EUR 200 million

2015-12-07

The market value of the fund assets managed by investment management company Lords LB Asset Management has reached EUR 233.4 million, with the net asset value amounting to EUR 117.05 million.

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New residential complex with historic architectural elements to be built in Užupis

2015-10-23

Investment management company Lords LB Asset Management has launched an Užupio vartai project to build a new residential housing complex in Vilnius, Užupis, 2 Polocko St. The project is unique in that part of the building will be reconstructed while preserving the classical architectural elements of the façade and the other part will be new construction. The company intends to invest over EUR 5.5 million in the complex.

Lords LB Special Fund I to develop class A office building in Vilnius

2015-09-23

Real estate investment fund Lords LB Special Fund I is to build a class A office business centre on a 64-are land plot on Konstitucijos Avenue in Vilnius. The Fund plans to invest over EUR 40 million in the development of the new building. 

Investment fund successfully wraps up operations for first time in Lithuania

2015-09-22

A closed-end special real estate investment fund has closed down its operations for the first time in Lithuania: Lords LB Opportunity Fund I has paid the investors the whole amount invested and the profit earned, a total of almost EUR 4 million. In the wake of the expiry of the term of the Fund, its assets were sold and the investors were paid. The Supervisory Service of the Bank of Lithuania has approved the closure of the Fund.

Welcome to our new website !

2015-06-04

We’re delighted to announce the launch of our new website. After several years of faithful service, we thought it was finally time to retire the old site and replace it with a slicker, more advanced website.

Two new funds established

2014-12-12

Lords LB Asset Management has been granted permission by the Bank of Lithuania to form two closed-end real estate investment funds, Lords LB Baltic Fund IV and Lords LB Baltic Small Cap Fund. For more information read here.

Lords LB Baltic Fund III new acquisition

2014-11-19

Lords LB Asset Management gets regulatory approval for the purchase of “Mandarinas” shopping centre from Citycon. For more information read here.

The fourth investment of Lords LB Opportunity Fund II has been made

2014-02-04

On the 4th of February, 2014 the SPV UAB “Stotema” owned by the closed-end real estate investment fund Lords LB Opportunity Fund II acquired a residential RE development asset in Druskininkai, Šv. Jokūbo str. 1.

Atlikta trečioji „Lords LB Opportunity Fund II“ investicija

2014-01-06

2014 m. sausio 6 d. uždaro tipo nekilnojamojo turto investiciniam fondui „Lords LB Opportunity Fund II“ priklausanti įmonė UAB „Parko gama“ įsigijo nekilnojamojo turto vystymo objektą Polocko g. 2, Vilnius.

The license of UAB "Lords LB Asset Management" was supplemented

2013-12-05

On the 5^th of December 2013 the Board of the Bank of Lithuania decided to supplement the activity license of UAB “Lords LB Asset Management” by granting the right to manage the collective investment undertakings intended for the informed investors.