Eika Asset Management
Eika Asset Management is a Vilnius-based, AIFM-licensed alternative investment fund manager managing ~€270M across eight funds in CEE real estate, energy, co-living, and private equity secondaries for qualified investors via direct sales and banking distribution partners.
- Company typePrivate
- Founded2015
- HeadquartersVilnius, Lithuania
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Eika Asset Management does
Eika Asset Management (UAB „Eika Asset Management") is a Lithuania-based alternative investment fund manager founded in 2015 as a subsidiary of EIKA Group, one of Lithuania's leading real estate developers. The company is licensed by the Bank of Lithuania as an Alternative Investment Fund Manager (AIFM) — authorization obtained in 2025 — and operates across Lithuania, Latvia, Poland, Slovakia, and Cyprus. EAM's platform comprises eight specialized funds covering commercial real estate, residential development, co-living, green energy, and private equity secondaries, collectively managing approximately €270M in assets and €240M+ in equity raised to date. The company sells fund shares to qualified (informed) investors directly through its investor-relations team and through banking distribution partners including Šiaulių Bankas, Artea Bank, and SB Alternatyviųjų investicijų fondas III.
EAM generates revenue through three streams: (1) recurring management fees on assets under management across its closed-end and evergreen fund structures, (2) performance and success fees triggered when funds exceed return targets (e.g., the Eika Residential Fund delivered 31.37% net annual IRR and 2.5x MOIC at close), and (3) capital-raising fees from bond issuances and equity placements. The company does not operate a proprietary technology platform; its core intellectual property is investment-process expertise, including a Life Cycle Assessment (LCA) methodology per EN 15804 used to evaluate building-level carbon footprint, and sustainability standards such as BREEAM Excellent certification on Polish logistics assets. The company employs 17–19 professionals across investment management, asset management, project management, capital markets, legal and compliance, and investor relations, with operational reach spanning logistics (DHL, Bricomarché, Pilkington), retail (Maxima, Pepco, Lemon Gym), manufacturing, automotive (Volkswagen, Audi), and pharmaceutical (Tamro) tenants.
EAM's strategic posture is to scale from a Baltic-focused residential manager into a multi-alternative CEE platform. Recent moves include the 2024 strategic partnership with Panattoni (Europe's largest logistics developer) for Polish logistics development, the launch of new residential and co-living funds in 2024–2025, the 2025 AIFM license enabling EU/EEA passporting, and the 2026 capital recycling of a Riga retail asset into the Kraków logistics pipeline. EAM funds are classified under SFDR Article 6 (no promoted environmental/social characteristics), and the firm is audited by Ernst & Young.
Eika Asset Management firmographics
Firmographics- Name
- Eika Asset Management
- Legal name
- UAB "Eika Asset Management"
- Website
- https://eam.lt
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Eika Asset Management is a Vilnius-based, AIFM-licensed alternative investment fund manager managing ~€270M across eight funds in CEE real estate, energy, co-living, and private equity secondaries for qualified investors via direct sales and banking distribution partners.
- Ownership category
- akta.pro rank
Eika Asset Management industry classification
Industry- Product category
- Investment Management
- NAICS
- Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Investment Advice (6282), Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation) (BPAJANAA)
- akta.pro secondary industry
- Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE)
Keywords
Where Eika Asset Management is headquartered
LocationHeadquarters
- HQ city
- Vilnius
- HQ country
- Lithuania
- HQ region
- Europe
Offices2 records
Markets served
Eika Asset Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Fund Management Fees: EAM generates revenue through management fees charged on assets under management across its investment funds. The company manages diversified funds including real estate, residential development, energy, co-living, and private equity secondaries.
- Performance/Success Fees: EAM earns performance fees when fund returns exceed targets. For example, Eika Residential Fund achieved 31.37% net annual IRR, and Eika Real Estate Fund historically exceeds 12% average annual return after management and performance fees.
- Capital Raising Fees: Revenue from bond instrument issuances and capital attraction activities. In 2025, EAM raised €31.4 million in equity plus €4.4 million through bond instruments.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Eika Residential Fund - Closed fund targeting 15% return, achieved 31.37% net IRR |
| Subscription | Multi-year contract | Eika Real Estate Fund - Evergreen commercial real estate fund targeting 12%+ returns |
| Subscription | Multi-year contract | EIKA Residential Fund III - Residential development fund targeting 13-15% annual return |
| Subscription | Multi-year contract | Partnership II - Residential development fund targeting 13-15% annual return |
| Subscription | Multi-year contract | Eika Energy Fund - Green energy fund targeting renewable energy investments |
| Subscription | Multi-year contract | Eika Private Equity Secondaries Fund I - Private equity secondaries targeting value-add returns |
| Subscription | Multi-year contract | Eika Co-living Fund - Co-living residential fund |
| Subscription | Multi-year contract | Eika Development Fund - Mixed-use real estate development fund |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Eika Asset Management product offering
Product offeringCore offering
Eika Asset Management is a licensed alternative investment fund manager (AIFM) that raises and manages closed-end investment funds for informed (qualified) investors. The fund portfolio spans commercial real estate (logistics, offices, retail), residential development in Vilnius, co-living projects, green energy (solar parks), and private equity secondaries, with assets under management of approximately €270 million across the Baltic States, Poland, Slovakia, and Cyprus. Revenue is generated through management fees on AUM, performance fees tied to fund returns, and capital raising activities including bond issuances.
Product overview
Eika Asset Management is an investment management company that operates a platform of specialized closed-end investment funds targeting informed investors. The fund portfolio includes: Eika Real Estate Fund (commercial real estate across CEE), multiple residential development funds (EIKA Residential Fund III, Partnership I, Partnership II, Development Fund), Eika Co-living Fund (co-living spaces), Eika Energy Fund (solar energy), and Eika Private Equity Secondaries Fund I. The funds collectively manage over €240 million in assets across real estate, logistics, energy, and private equity segments, with a focus on Central and Eastern European markets.
Differentiator
Problem solved
Functional benefit
Products and services
- Eika Real Estate Fund (EREF) Evergreen commercial real estate fund investing in income-generating rental properties across Central and Eastern Europe, including logistics, offices, and retail assets in Lithuania, Latvia, Poland, and Slovakia. Targets 12%+ average annual return after management and performance fees and has paid €6.4 million in dividends to date.
- Eika Residential Fund (Closed) Closed-end residential development fund that developed and sold 464 apartments in Vilnius over three multi-family residential projects. Successfully closed in 2025 with 31.37% net annual IRR and 2.5x MOIC after management and performance fees.
- EIKA Residential Fund III Closed-end residential real estate fund focused on developing multi-apartment projects in Vilnius, targeting 13-15% average annual return. Oversees approximately 900 apartment portfolio across Vilnius residential projects.
- KŪB Partnership II Closed-end residential real estate fund investing in multi-apartment development projects in Vilnius's Kalnėnai district with a target average annual return of 13-15%.
- Eika Development Fund (EDF) Fund focused on mixed-use residential real estate development projects in Vilnius, including Naujipeizai, Saulės namai, Metų laikai, and Senamiesčio sodai projects.
- KŪB Partnership I Residential real estate fund focused on property development in Vilnius.
- Eika Energy Fund (EEF) Green energy fund investing in solar parks in Lithuania and Cyprus for sustainable energy generation, with Orion Securities as custodian and ROSK Consulting as consulting partner.
- Eika Co-living Fund (ECLF) Fund focused on developing co-living spaces across Europe, with projects in Riga (Latvia) and Vilnius, including a 310+ apartment project in Riga's Āgenskalns district.
- Eika Private Equity Secondaries Fund I Private equity secondaries fund providing access to secondary market investments in StepStone Secondary Opportunities Fund V Europe Holdings, registered in Luxembourg.
Quantifiable outcome
- 31.37% net annual IRR achieved on Eika Residential Fund (first fund, 2017-2024)
- +5 more outcomes
Companies that use Eika Asset Management
Customer profileNamed customers12 records
Segments3 records
Ideal customer profiles2 records
Eika Asset Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Eika Asset Management partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and supporting.
- PanattonicorePartnership with Europe's largest logistics real estate developer for development of logistics centres in Poland. Panattoni is responsible for development and construction while EAM coordinates project financing. Major projects include Warsaw North Logistic Park (Nowy Modlin) and Warsaw West X in Sochaczew. Total investment exceeding €70 million for the Warsaw North project across 23+ hectares.
- Orion SecuritiessupportingAssets custodian for Eika Energy Fund, providing custodial services for the green energy fund's assets including solar park investments in Lithuania and Cyprus.
- ROSK ConsultingsupportingConsulting partner for Eika Energy Fund providing expertise on renewable energy investments including solar parks in Lithuania and Cyprus.
- Artea BanksupportingBanking partner for distribution of EREF fund shares, contributing significantly to fund placement and validating fund quality through institutional investor participation.
- EIKA DevelopmentcoreProject management company (part of EIKA Group) responsible for construction and sales management of residential projects developed by EAM funds, including Miško Sprintas, Kalnėnai project, and other Vilnius developments.
- Waimea HoldingsupportingPolish industrial and commercial real estate developer specializing in modern logistics, warehousing, light industrial, and air cargo terminal solutions. One of the fastest-growing developers in CEE. EAM partnership for initial Warsaw North Modlin logistics development before switching to Panattoni partnership.
- AkvilassupportingCompany owning Highway business centre in Vilnius that received EU-funded support for installation of 4 electric vehicle charging stations, demonstrating sustainable building management.
Scale indicators14 records
Recent moves20 records
Expansion highlights5 records
Eika Asset Management competitors and assessment
Company assessmentBroad incumbents
- LaSalle Investment Management: Global real estate investment manager (Jones Lang LaSalle subsidiary) with €80B+ AUM across European, US, and Asia-Pacific real estate strategies. Comparable as an institutional real estate fund manager operating across CEE and offering diversified strategies.
- Patrizia SE: Large German-based real estate investment manager operating across Europe with €50B+ AUM. Comparable through its pan-European real estate fund management model and infrastructure for cross-border capital raising, though at much larger scale than EAM.
- StepStone Group: US-based private markets investment manager, including a major secondary private equity platform (StepStone Secondary Opportunities Fund V — in which EAM's PE Secondaries Fund invests). Comparable through its secondary PE fund management and global institutional LP base.
- Union Investment Real Estate: Hamburg-based real estate investment manager (Union Investment Group) with €50B+ European real estate AUM. Comparable through its pan-European logistics, residential, and office fund offerings targeting institutional investors.
- Schroders Capital Real Estate: Real estate investment arm of Schroders, managing European and global real estate strategies for institutional clients. Comparable through its diversified real estate fund platform and institutional distribution model.
Emerging players
- Empira Group: German investment manager focused on residential and commercial real estate in Germany and select European markets. Comparable as a specialized European real estate fund manager with similar development and income strategies.
- Real I.S. Group: Munich-based real estate investment manager specializing in European real estate funds for institutional and semi-institutional investors. Comparable through its specialized European real estate fund platform and focus on alternative real estate strategies.
Direct peers
- East Capital: Swedish asset manager specializing in Central and Eastern European equities, real estate, and private equity. Directly comparable through its CEE-focused alternative investment strategy and similar focus on emerging European markets.
- LHV Asset Management: Estonian asset management subsidiary of LHV Group, managing pension funds, retail funds, and alternative investment strategies. Comparable as a Baltic alternative asset manager with similar fund-of-funds and direct real estate exposure for qualified and institutional investors.
- INVL Asset Management: Lithuanian-based asset manager managing real estate, private equity, and alternative investment funds for institutional and qualified investors. Direct competitor in the Baltic alternative investment space with overlapping CEE real estate strategies and similar client base of informed investors.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Eika Asset Management social profiles
Digital presenceEika Asset Management compliance and trust
Trust signalCompliance4 records
Eika Asset Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Eika Asset Management leadership team
Management profileNumber of profiles
Profiles15 records
Eika Asset Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Eika 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 Eika Asset Management
What does Eika Asset Management do?
Eika Asset Management is a licensed alternative investment fund manager (AIFM) that raises and manages closed-end investment funds for informed (qualified) investors. The fund portfolio spans commercial real estate (logistics, offices, retail), residential development in Vilnius, co-living projects, green energy (solar parks), and private equity secondaries, with assets under management of approximately €270 million across the Baltic States, Poland, Slovakia, and Cyprus. Revenue is generated through management fees on AUM, performance fees tied to fund returns, and capital raising activities including bond issuances.
Is Eika Asset Management a public or private company?
Eika Asset Management is a private company. It is classified as corporate owned and is currently operating.
When was Eika Asset Management founded?
Eika Asset Management was founded in 2015. It employs 11 to 50 people.
Where is Eika Asset Management based?
Eika Asset Management is headquartered in Vilnius, Lithuania, in the Europe region.
How does Eika Asset Management make money?
Three revenue lines are on record. Fund Management Fees are the primary driver. The others are performance/Success Fees and capital Raising Fees.
Who are Eika Asset Management's main competitors?
Broad incumbents on record are LaSalle Investment Management, Patrizia SE, StepStone Group, Union Investment Real Estate and Schroders Capital Real Estate. Emerging players are Empira Group and Real I.S. Group. Direct peers are East Capital, LHV Asset Management and INVL Asset Management.
Does Eika Asset Management have an API?
No public API is recorded for Eika Asset Management.
What industry is Eika Asset Management in?
Eika Asset Management's product category is Investment Management. Its primary akta.pro industry code is BPAJANAA, Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation), with a secondary code of BPAJANAE, Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing). Its NAICS code is 52394 and its SIC code is 6282.