Capitalica Asset Management
Capitalica Asset Management is a Bank of Lithuania-licensed Vilnius-based investment manager operating four commercial real estate funds and a Nasdaq Baltic-listed bond program, managing EUR 260M+ in AUM across the Baltic states and Poland for retail, high-net-worth, and institutional investors.
- Company typePrivate
- Founded2016
- HeadquartersVilnius, Lithuania
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Capitalica Asset Management does
Capitalica Asset Management (UAB Capitalica Asset Management) is a Vilnius-headquartered, privately held investment management company founded in May 2016 and licensed by the Bank of Lithuania. The firm manages a diversified portfolio of commercial real estate assets across the Baltic states and Poland through four primary vehicles: Capitalica Baltic Real Estate Fund I (closed-end, Baltic-wide office focus), Capitalica Green Logistics Fund (sustainable logistics in Baltics and Poland), Capitalica Z114 Real Estate Fund (Vilnius CBD Class A office development under a Club Deal model), and Capitalica European Office Fund (stabilized CEE office assets). As of April 2026, assets under management stood at EUR 260M+, comprising 120,000+ m2 of gross leasable area leased to 130+ first-class tenants including Enefit, Swisscom, KPMG Latvia, and SEB Bank.
The company's revenue model centers on recurring management fees from its four regulated funds, supplemented by performance fees on target returns ranging from 12% to over 20% annually, plus spread income from three bond issuances listed on Nasdaq Baltic First North market since 2019. Customer segmentation spans retail investors (bonds from EUR 100), accredited high-net-worth individuals (fund entry from EUR 125,000), and institutional investors. Distribution combines a dedicated Investor Relations Group, direct engagement by fund managers, the Nasdaq Baltic public bond market, and a self-serve investor portal at investor.capitalica.lt.
The underlying technology is described as a commercial real estate asset management platform with no proprietary AI/ML components; competitive differentiation rests on regulatory authorization, BREEAM In-Use Excellent sustainability certification (Kauno DOKAS), access to green finance (SEB Bank), and a 15-person specialist team with 120+ years of combined experience. The firm is led by Chairman/CEO Andrius Barštys, who previously managed Finasta investment bank, and operates as an independent entity without a disclosed parent company or external institutional shareholders.
Capitalica Asset Management firmographics
Firmographics- Name
- Capitalica Asset Management
- Legal name
- UAB Capitalica Asset Management
- Website
- https://capitalica.lt
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Capitalica Asset Management is a Bank of Lithuania-licensed Vilnius-based investment manager operating four commercial real estate funds and a Nasdaq Baltic-listed bond program, managing EUR 260M+ in AUM across the Baltic states and Poland for retail, high-net-worth, and institutional investors.
- Ownership category
- akta.pro rank
Capitalica Asset Management industry classification
Industry- Product category
- Real Estate Asset Management
- NAICS
- Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Investors, Nec (6799), Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)
- akta.pro secondary industries
- Real Estate Funds — Opportunistic / Development (FSANAEAI), Real Estate Credit / Debt Funds (FSANAEAJ)
Keywords
Where Capitalica Asset Management is headquartered
LocationHeadquarters
- HQ city
- Vilnius
- HQ country
- Lithuania
- HQ region
- Europe
Offices1 record
Markets served
Capitalica Asset Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Supply Chain
Revenue model
- Fund Management Fees: Management fees from operating multiple real estate funds including Capitalica Baltic Real Estate Fund I, Capitalica Green Logistics Fund, Capitalica Z114 Real Estate Fund, and Capitalica European Office Fund. Funds are licensed by Bank of Lithuania and target specific returns ranging from 12% to 20%+ annual returns.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Multi-year contract | Retail investors - Bond investments |
| Subscription | Multi-year contract | Accredited/High Net Worth Investors - Fund investments |
| Subscription | Multi-year contract | Institutional Investors |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Capitalica Asset Management product offering
Product offeringCore offering
Capitalica Asset Management operates four licensed commercial real estate investment funds (Capitalica Baltic Real Estate Fund I, Capitalica Green Logistics Fund, Capitalica Z114 Real Estate Fund, and Capitalica European Office Fund) spanning Baltic states and Poland, plus Nasdaq-listed corporate bonds accessible from EUR 100. The firm manages EUR 260M+ of physical commercial properties on behalf of accredited, institutional, and retail investors, providing diversified real estate exposure with target returns between 12% and 20%+ annually.
Product overview
Capitalica Asset Management offers a suite of four distinct commercial real estate investment funds plus a bond product. The portfolio includes Capitalica Baltic Real Estate Fund I (closed-end, Baltic-wide office focus), Capitalica Green Logistics Fund (sustainable logistics across Baltics and Poland), Capitalica Z114 Real Estate Fund (Vilnius CBD Class A office development via Club Deal model), and Capitalica European Office Fund (stabilized CEE office assets). They also offer direct bond investments with fixed returns starting from 100 EUR. The company manages physical property assets including the Verde complex in Riga, Kauno DOKAS in Kaunas, and Marupe warehouse, all representing tangible real estate holdings within their fund structures.
Differentiator
Problem solved
Functional benefit
Brands
- Capitalica Baltic Real Estate Fund I: Closed-end commercial real estate fund focusing on sustainable office market development in Baltic states
- Capitalica Green Logistics Fund
- Capitalica Z114 Real Estate Fund
- Capitalica European Office Fund
Products and services
- Capitalica Baltic Real Estate Fund I Closed-end commercial real estate fund focusing on sustainable office market development across the Baltic states, with 150+ high-credit-rating tenants in major Baltic business districts. Target return: 15%+ annually. Closed to new investments.
- Capitalica Green Logistics Fund First sustainable logistics centers fund in the Baltic states, covering the Baltic region and Poland with target returns of 12%+ annually. Designed for investors seeking exposure to sustainable logistics real estate.
- Capitalica Z114 Real Estate Fund Limited-investor Club Deal fund focused on Class A commercial real estate development in the Vilnius Central Business District, targeting 20%+ annual returns for a small group of investors.
- Capitalica European Office Fund Commercial real estate fund focused on completed and fully leased office buildings in major Central Eastern European cities, targeting 12-15% annual returns through stabilized income-producing assets.
- Capitalica Bonds Bond investment product listed on Nasdaq Baltic First North market enabling regular supplementary income with fixed interest rates and terms; accessible from EUR 100 with a simple redemption process for retail and institutional investors.
Quantifiable outcome
- 15%+ annual target return for Capitalica Baltic Real Estate Fund I
- +4 more outcomes
Companies that use Capitalica Asset Management
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles3 records
Capitalica Asset Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Capitalica Asset Management partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Nasdaq BalticcoreCapitalica Asset Management actively utilizes the debt securities market opportunities and has been building its securities market success story on the Baltic capital market since 2019. Three bond issuances have been admitted to First North market, with Nasdaq Vilnius President Saulius Malinauskas acknowledging their market presence.
Scale indicators10 records
Recent moves16 records
Expansion highlights5 records
Capitalica Asset Management competitors and assessment
Company assessmentDirect peers
- Lords LB Asset Management: One of Lithuania's largest private asset managers operating Baltic-focused real estate and private equity funds with Bank of Lithuania licensing — the most direct head-to-head competitor to Capitalica in domestic fund management.
- Invalda INVL: Lithuanian asset management group managing INVL Baltic Real Estate and other Baltic real estate funds with a public listing on the Vilnius stock exchange — competes directly for institutional and retail investors in the Baltic CRE fund space.
- Northern Horizon Capital: Nordic-headquartered asset manager with deep Baltic and Northern European healthcare/real estate fund strategies — overlaps with Capitalica in CEE real estate fund management and competes for institutional capital in the region.
- EfTEN Real Estate Fund: Estonian-listed pan-Baltic commercial real estate fund investing in office, retail and logistics across the Baltics — direct competitor for both tenants and investor capital in the regional CRE market.
- Baltic Horizon Fund: Nordic-listed closed-end fund investing in commercial real estate in the Baltic capitals — directly comparable in asset class, geography, and target return profile, with public-market disclosure of portfolio and NAV.
- East Capital: Swedish asset manager specialising in Baltic and emerging Europe real estate and equity funds — comparable in regional focus, fund structure, and target investor base.
Broad incumbents
- CBRE Baltics: Global commercial real estate services firm with significant Baltic operations in investment sales, leasing and asset management — a key talent pipeline (Capitalica's Verde commercial director and fund manager previously led CBRE Baltics) and competing service provider for institutional CRE mandates.
Regional players
- Hepsor: Estonian-listed real estate developer with residential and commercial projects across the Baltics — comparable in regional scale and asset class focus, primarily Estonian-headquartered but operating in adjacent Baltic markets.
Emerging players
- Redgate Capital: Baltic-focused investment banking and capital markets advisor active in real estate transactions and fund formation — adjacent comparable as a Baltic capital-raiser and transaction advisor serving similar investor and developer clients.
- Eika (EKT Holding): Lithuanian real estate development and investment group active in Vilnius office and residential — competes in Vilnius CBD development (overlapping with Capitalica's Z114 strategy) and for Lithuanian tenant relationships.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Capitalica Asset Management social profiles
Digital presenceCapitalica Asset Management compliance and trust
Trust signalCompliance3 records
Capitalica Asset Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Capitalica Asset Management leadership team
Management profileNumber of profiles
Profiles16 records
Capitalica Asset Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Capitalica 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 Capitalica Asset Management
What does Capitalica Asset Management do?
Capitalica Asset Management operates four licensed commercial real estate investment funds (Capitalica Baltic Real Estate Fund I, Capitalica Green Logistics Fund, Capitalica Z114 Real Estate Fund, and Capitalica European Office Fund) spanning Baltic states and Poland, plus Nasdaq-listed corporate bonds accessible from EUR 100. The firm manages EUR 260M+ of physical commercial properties on behalf of accredited, institutional, and retail investors, providing diversified real estate exposure with target returns between 12% and 20%+ annually.
Is Capitalica Asset Management a public or private company?
Capitalica Asset Management is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Capitalica Asset Management founded?
Capitalica Asset Management was founded in 2016. It employs 1 to 10 people.
Where is Capitalica Asset Management based?
Capitalica Asset Management is headquartered in Vilnius, Lithuania, in the Europe region.
How does Capitalica Asset Management make money?
One revenue line is on record: fund Management Fees.
Who are Capitalica Asset Management's main competitors?
Direct peers on record are Lords LB Asset Management, Invalda INVL, Northern Horizon Capital, EfTEN Real Estate Fund, Baltic Horizon Fund and East Capital. CBRE Baltics is listed as a broad incumbent. Hepsor is listed as a regional player. Emerging players are Redgate Capital and Eika (EKT Holding).
Does Capitalica Asset Management have an API?
No public API is recorded for Capitalica Asset Management.
What industry is Capitalica Asset Management in?
Capitalica Asset Management's product category is Real Estate Asset Management. Its primary akta.pro industry code is BPAJAMAJ, Real Estate Portfolio & Fund Management (Institutional/REIT/PE), with a secondary code of FSANAEAI, Real Estate Funds — Opportunistic / Development. Its NAICS code is 5259 and its SIC code is 6799.