Lords LB Asset Management
Lords LB Asset Management is a Bank of Lithuania-licensed investment manager founded in 2008, managing EUR 1.423 billion across 16 closed-end real estate, energy, infrastructure, and private equity funds for institutional and informed investors in the Baltic states.
- Company typePrivate
- Founded2008
- HeadquartersVilnius, Lithuania
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Lords LB Asset Management does
Lords LB Asset Management is a Bank of Lithuania-licensed investment management company founded in 2008, headquartered in Vilnius. It manages 16 collective investment undertakings — 10 real estate funds, 1 private capital fund, 1 energy fund, 1 energy and infrastructure fund, and 3 investment companies — with EUR 1.423 billion in total assets under management as of December 31, 2025. The firm targets institutional and informed investors across the Baltic states and operates under AIFMD supervision with PricewaterhouseCoopers as auditor and SEB and Swedbank as depositaries.
The firm's product portfolio spans Baltic commercial real estate (offices, retail parks, hotels, mixed-use developments such as St. Jacob's Quarter in Vilnius and Press House Quarter in Riga), renewable energy infrastructure (303 MW operational solar and wind portfolio across Lithuania and Poland managed via AEI), private equity, and infrastructure including parking (City Parking Group) and transport concessions. Distribution combines public bond programs on Nasdaq Baltic (Tewox up to EUR 35 million, AEI green bonds at 8.5-10% yields), private placement to informed investors, and direct institutional sales. Revenue is generated through management fees on AUM, performance fees/carried interest (typically 80/20), and bond arrangement and management fees across Baltic retail and institutional channels.
Operational activity in 2024-2025 demonstrates an active capital recycling and expansion model: acquisitions (Technopolis Ozo office park), divestitures (66 MW Polish solar portfolio for EUR 165M to a UK buyer), new project commitments (EUR 30M 48 MW Polish solar park), new debt facilities (EUR 28M NIB loan for Smiltene wind, EUR 45M EBRD/Eiffel bridge loan), and portfolio rebranding (Technopolis to Simbiocity Vilnius). The company is privately held with a five-member Board chaired by Jan Litborn and CEO Vilma Tvaronavičienė, and operates country-dedicated teams across Lithuania, Latvia, Estonia, and Poland.
Lords LB Asset Management firmographics
Firmographics- Name
- Lords LB Asset Management
- Legal name
- UAB Lords LB Asset Management
- Website
- https://lordslb.lt
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Lords LB Asset Management is a Bank of Lithuania-licensed investment manager founded in 2008, managing EUR 1.423 billion across 16 closed-end real estate, energy, infrastructure, and private equity funds for institutional and informed investors in the Baltic states.
- Ownership category
- akta.pro rank
Lords LB Asset Management industry classification
Industry- Product category
- Asset Management
- NAICS
- Portfolio Management and Investment Advice (52394), Nonresidential Property Managers (531312), Other Financial Investment Activities (5239)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Investors, Nec (6799)
- akta.pro primary industry
- Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)
- akta.pro secondary industries
- Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL), Capital Planning, Portfolio & Lifecycle Asset Management (EAM/CMMS) (EUAEAMAL), Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE), Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA)
Keywords
Where Lords LB Asset Management is headquartered
LocationHeadquarters
- HQ city
- Vilnius
- HQ country
- Lithuania
- HQ region
- Europe
Offices1 record
Markets served
Lords LB Asset Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain, Others
Revenue model
- Fund Management Fees: The company generates revenue through management fees charged on assets under management across its 16 collective investment vehicles including 10 real estate funds, 1 private equity fund, 1 energy fund, 1 energy and infrastructure fund, and 3 investment companies. Total assets under management reached EUR 1.423 billion as of December 2025.
- Performance Fees (Carried Interest): Fund managers may receive carried interest arrangements where performance incentives align manager returns with investor outcomes, typically structured as 80/20 split according to international practice.
- Bond Program Management: Through managed investment companies such as AEI and Tewox, the company facilitates bond issuances to retail and institutional investors, earning arrangement and management fees on bond programs in the Baltic states.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
Lords LB Asset Management product offering
Product offeringCore offering
Lords LB Asset Management is a Bank of Lithuania-licensed investment management company that creates, structures, and manages closed-end collective investment undertakings for institutional and informed investors. The firm manages 10 real estate funds, 1 private equity fund, 1 energy fund, 1 energy and infrastructure fund, and 3 closed-end investment companies (AB Tewox, AB Baltic Opportunity, UAB AEI), with total AUM of EUR 1.423 billion as of December 2025. Offerings cover core-plus to opportunistic real estate strategies in Baltic capitals, renewable energy infrastructure (303 MW portfolio), and private equity, with distribution via direct institutional sales, informed investor private placement, and public bond programs.
Product overview
Lords LB Asset Management is a Bank of Lithuania-licensed investment management company that offers a diversified portfolio of fund management and investment company services. The company manages 10 real estate funds, 1 private capital fund, 1 energy fund, 1 energy and infrastructure fund, and 3 investment companies, with total assets under management of EUR 1.423 billion as of December 2025. The product portfolio includes: (1) Real estate funds such as Lords LB Baltic Green Fund (V), Lords LB Baltic Fund IV, BGFV Inter Cap Fund, Lords LB Baltic Small Cap Fund, Lords LB Special Fund I/II/III/IV/V, Central Development Fund, and Right Bank Development Fund; (2) Energy/Infrastructure funds including UAB Atsinaujinančios Energetikos Investicijos (renewable energy investment company), Green Energy Growth Fund umbrella, Energy and Infrastructure SME Fund, Energy and Infrastructure Baltic Fund, and Lords LB Battery Fund; (3) Investment companies including AB TEWOX (real estate), AB Baltic Opportunity, and Lords LB Private Equity Fund I. The funds target various strategies from core-plus to opportunistic, focusing on Baltic markets with some expansion into Poland.
Differentiator
Problem solved
Functional benefit
Products and services
- Lords LB Baltic Green Fund (V) Closed-end real estate investment fund for informed investors, value added strategy, EUR 150 million fund size, targeting commercial real estate in Baltic capitals with focus on environmentally sustainable and certified assets.
- Lords LB Baltic Fund IV Core-plus real estate fund with EUR 75 million size, focused on income generation and value-add opportunities in Baltic real estate market, investing in commercial properties such as the Lietuvos Energija main office in Vilnius and shopping centre GO9.
- BGFV Inter Cap Fund Inter Cap Fund with EUR 10 million size, targeting income generation through commercial real estate investments.
- Lords LB Baltic Small Cap Fund Small cap focused real estate fund with EUR 5 million size, targeting smaller commercial real estate assets in the Baltics.
- UAB Atsinaujinančios Energetikos Investicijos (AEI) Closed-end investment company for informed investors focused on renewable energy investments, managing a portfolio of operating solar and wind farms in Lithuania and Poland with EUR 100 million size. Manages 303 MW of renewable energy capacity and EUR 165 million portfolio value.
- Green Energy Growth Fund Umbrella fund structure for green energy investments with total fund size of EUR 50 million.
- AB Tewox Special closed-ended real estate investment company with opportunistic strategy, EUR 250 million size, focusing on retail parks and commercial real estate in Lithuania and Poland. Operates public bond program with yields of 8.5%–10%.
- AB Baltic Opportunity Investment company with EUR 100 million size focused on commercial real estate opportunities in the Baltic region, including the Simbiocity Vilnius (formerly Technopolis Ozo) office park.
- Lords LB Special Fund I Real estate investment fund with EUR 45 million size, including sub-funds for different strategies. Subfund A financed the Artery business centre in Vilnius (EUR 55 million bond).
- Lords LB Special Fund IV Real estate investment fund with EUR 75 million size, focused on mixed-use developments including St. Jacob's Quarter in Vilnius featuring AC Hotel by Marriott.
- Central Development Fund Development-focused real estate fund with EUR 25 million size.
- Right Bank Development Fund Development fund focused on right bank real estate projects.
- Lords LB Private Equity Fund I Private equity fund with EUR 25 million size targeting alternative investments.
- Energy and Infrastructure SME Fund Fund investing in energy and infrastructure projects for small and medium enterprises in the Baltic countries. Manages portfolio including City Parking Group S.A. acquisition.
- Lords LB Battery Fund Fund focused on battery storage and energy infrastructure investments.
- Energy and Infrastructure Baltic Fund Baltic region focused energy and infrastructure fund, Lithuania's first dedicated energy and infrastructure vehicle.
Quantifiable outcome
- EUR 1.423 billion total assets under management as of December 2025
- +4 more outcomes
Companies that use Lords LB Asset Management
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles3 records
Lords LB Asset Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Lords LB Asset Management partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- AFRYcoreAFRY was awarded Owner's Engineering services for the Smiltene wind farm construction in Latvia, located 120 kilometers northeast of Riga. The project features 16 turbines with 7.0 MW capacity each, generating approximately 330 GWh of green electricity annually and reducing CO2 emissions by around 64,000 tons per year.
- Taaleri EnergiacoreJoint ownership of Smiltene wind farm with Taaleri's SolarWind III Fund. AEI managed by Lords LB Asset Management holds joint stake with Taaleri in the 112 MW project expected to become operational in Q1 2027. Partnership continues from previous renewable energy projects in Finland.
- Sorainen Law FirmminorSorainen served as legal advisor for multiple transactions including acquisition of Holiday Inn hotel and shopping centre disposals across Baltic region.
- NewsecminorInternational real estate consultancy Newsec brokered shopping centre sales in Marijampolė and Jelgava for Lords LB Baltic Fund III.
Scale indicators8 records
Recent moves10 records
Expansion highlights6 records
Lords LB Asset Management competitors and assessment
Company assessmentDirect peers
- Invalda INVL: Lithuania-listed asset management group managing pension, real estate, private equity, and alternative funds in the Baltic region. Directly comparable to Lords LB in product breadth, geographic focus, and target LP base across the Baltics.
- Taaleri Energia: Finnish renewable energy fund manager operating the SolarWind series that jointly owns Smiltene and Lithuanian wind assets with Lords LB/AEI. Direct peer in Baltic and Nordic wind/solar infrastructure fund management with comparable strategy and investor base.
- LHV Asset Management: Estonian asset manager within LHV Group offering pension funds, investment funds, and private banking across the Baltics. Comparable in fund structure, Baltic institutional distribution, and pension fund management.
- Northern Horizon Capital: Nordic-Baltic alternative investment manager focused on real estate, private equity, infrastructure, and energy. Highly comparable in cross-border Baltic real estate and renewable energy fund offerings targeting institutional investors.
- East Capital: Swedish asset manager specializing in Central and Eastern European and Baltic equities and real estate. Comparable in Baltic/Central European fund distribution and on-the-ground regional investment capabilities.
Broad incumbents
- SEB Investment Management: Large Nordic banking group with substantial Lithuanian and Baltic asset management operations serving institutional and retail investors. Acts as depositary for some Lords LB funds while competing for the same institutional mandates across the Baltics.
- Swedbank Investment Funds: Baltic banking group with extensive fund management arm across Lithuania, Latvia, and Estonia. Also serves as depositary for Lords LB funds; competes broadly for retail and institutional asset management mandates in the region.
- Catella: Swedish-headquartered European real estate investment manager with Nordic and German-speaking Europe focus. Comparable in commercial real estate fund management strategy and institutional real estate investor base.
Regional players
- Apex Alliance: Baltic hotel operator running properties at Lords LB-managed assets (AC Hotel by Marriott at St. Jacob's Quarter). Adjacent operating partner rather than direct capital peer; useful as benchmark for Baltic hospitality asset management relationships.
- European Energy: Danish renewable energy developer from which AEI acquired Lithuanian wind farms in 2021. Comparable as a regional renewable energy developer and fund investor with overlapping Lithuanian and Polish exposure.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Lords LB Asset Management social profiles
Digital presenceLords LB Asset Management compliance and trust
Trust signalCompliance3 records
Lords LB Asset Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lords LB Asset Management leadership team
Management profileNumber of profiles
Profiles10 records
Lords LB Asset Management subsidiaries and ownership
Company hierarchySubsidiaries5 records
Lords LB Asset Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lords LB Asset Management M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Lords LB Asset Management
What does Lords LB Asset Management do?
Lords LB Asset Management is a Bank of Lithuania-licensed investment management company that creates, structures, and manages closed-end collective investment undertakings for institutional and informed investors. The firm manages 10 real estate funds, 1 private equity fund, 1 energy fund, 1 energy and infrastructure fund, and 3 closed-end investment companies (AB Tewox, AB Baltic Opportunity, UAB AEI), with total AUM of EUR 1.423 billion as of December 2025. Offerings cover core-plus to opportunistic real estate strategies in Baltic capitals, renewable energy infrastructure (303 MW portfolio), and private equity, with distribution via direct institutional sales, informed investor private placement, and public bond programs.
Is Lords LB Asset Management a public or private company?
Lords LB Asset Management is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Lords LB Asset Management founded?
Lords LB Asset Management was founded in 2008. It employs 11 to 50 people.
Where is Lords LB Asset Management based?
Lords LB Asset Management is headquartered in Vilnius, Lithuania, in the Europe region.
How does Lords LB Asset Management make money?
Three revenue lines are on record. Fund Management Fees are the primary driver. The others are performance Fees (Carried Interest) and bond Program Management.
Who are Lords LB Asset Management's main competitors?
Direct peers on record are Invalda INVL, Taaleri Energia, LHV Asset Management, Northern Horizon Capital and East Capital. Broad incumbents are SEB Investment Management, Swedbank Investment Funds and Catella. Regional players are Apex Alliance and European Energy.
Does Lords LB Asset Management have an API?
No public API is recorded for Lords LB Asset Management.
What industry is Lords LB Asset Management in?
Lords LB Asset Management's product category is Asset Management. Its primary akta.pro industry code is BPAJAMAJ, Real Estate Portfolio & Fund Management (Institutional/REIT/PE), with a secondary code of BPAJAMAL, Real Estate Development Asset Management (Project/Construction-to-Stabilization). Its NAICS code is 52394 and its SIC code is 6531.