What Evernord does

Evernord is a Vilnius-based investment banking and asset management firm founded in 2014, operating primarily across the Baltic states (Lithuania, Latvia, Estonia) with recent expansion into Finland and Spain. The firm serves three principal customer segments — high-net-worth individuals and families, corporate issuers, and financial institutions — through three core service lines: wealth management, capital raising (principally via bond issuance distribution), and investment fund management. Its product surface includes multiple closed-end and open-end investment funds covering Baltic and Scandinavian real estate (Real Estate Funds I, III, V, VI), luxury Spanish residential property (Marbella Property Funds I and II), a corporate bond fund, a multi-asset fund for professional investors, plus securities custody and accounting, real estate project development, and precious-metals services.

The business operates through two Lithuanian private limited companies — Evernord UAB FMĮ and Evernord Asset Management UAB — and earns revenue via two mechanics: recurring management and subscription fees on approximately €300M of assets under management, and transaction-based placement fees for arranging and distributing bond issuances. Distribution is sales-led and relationship-driven, combining direct advisory, a self-service investor portal (savitarna.evernord.com), and recurring partnerships with financial institutions such as Finnish bank Evli (whose products worth €17M were distributed to Lithuanian investors in 2024), Estonian developer Novira Capital, Citadele Bank, Demus, Mirlux Oy, and Swedbank Latvia. To date the firm has attracted approximately €490M in cumulative capital and serves roughly 970 investors, including named relationships such as former Lithuanian President Valdas Adamkus' family and AB Lietuvos draudimas.

Despite a notably small team (1–10 employees), Evernord has scaled rapidly — €132M of capital was raised in 2025 alone, new fund capital grew 187% year-over-year, customer count grew 23%, and €14M of returns were distributed to investors (up 27%). The firm’s core technology is a conventional investment management and securities services platform without disclosed AI/ML capabilities; its competitive position is built on Baltic-wide distribution reach, long-tenured client relationships, and a multi-fund architecture spanning real estate, fixed income, and multi-asset strategies.

Name

Evernord

Legal name

Evernord UAB FMĮ

Website

https://evernord.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

Evernord is a Vilnius-based investment banking and asset management firm founded in 2014, serving high-net-worth individuals, corporates, and financial institutions across the Baltic states with wealth management, bond distribution, and multi-fund investment management (real estate, bond, multi-asset).

Ownership category

akta.pro rank

Product category

Investment Management

NAICS

Portfolio Management and Investment Advice (52394), Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)

akta.pro secondary industries

Financial Planning–Led RIAs (FSAAACAB), Family Wealth & Multi-Generational Planning RIAs (HNW/UHNW-lite) (FSAAACAH)

Keywords

• Investment management
• Wealth management
• Investment funds
• Capital raising
• Real estate funds

Headquarters

HQ city

Vilnius

HQ country

Lithuania

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Capital raising and bond distribution: Evernord distributes bond issuances for various companies, earning fees for arranging capital raises. The company facilitates investment in securities for clients.
2. Investment fund management: Management fees from operating multiple investment funds including real estate funds (Fund I, III, V, VI, Marbella Property Fund I/II), MultiAsset fund, and Evernord Bond Fund.
3. Wealth management: Comprehensive wealth management services for high-net-worth individuals and families, including portfolio management and investment advisory.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Evernord is a Lithuania-based investment banking and asset management firm that manages investment funds (real estate and bond funds), arranges capital raising through bond issuance distribution, provides wealth management and investment advisory services to high-net-worth individuals and institutions, and develops real estate projects across the Baltic states, Finland, and Spain.

Differentiator

Problem solved

Functional benefit

Products and services

• Wealth Management

Quantifiable outcome

• €490 million total capital attracted to date
• +4 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered major and core.

• Mirlux Oy (Finland)majorStrategic or Co-development Partner · 1 January 2025Finnish real estate company partnered with Evernord Real Estate Fund VI to acquire building complex in Helsinki from Kojamo Oyj. Mirlux acts as minority shareholder, project developer, and property manager.
• Evli (Finland)coreStrategic or Co-development Partner · 1 January 2014Long-term partnership with Finnish Evli bank. Evli provides access to Scandinavian financial markets, structural products, and bond markets. Evernord serves as Evli's representative in the Baltic states. Partnership enables distribution of Evli products worth €17 million to Lithuanian investors in 2024.
• Novira Capital (Estonia)coreStrategic or Co-development PartnerEstonian real estate development company. Long-standing partnership for multiple projects including Novira Plaza Riga (€90 million business complex) and Stellar project in Tallinn (€54 million). Novira Capital serves as developer and Evernord as investment fund manager.
• Demus Asset ManagementmajorStrategic or Co-development PartnerManagement company for multiple real estate projects including Tyzenhauz, CITUS Arti, and Mūnai by CITUS. Evernord distributes bond issuances for their projects.
• Novira Capital (Estonia)coreStrategic or Co-development PartnerDevelopment partner for Marbella villa project (Cascada De Camojan). Partnership enables geographic diversification to Southern Europe.
• Endover (Estonia)majorStrategic or Co-development PartnerLeading Estonian real estate developer for 25 years. Evernord distributed €4 million bond issuance for Volta Gallery Lofts project in Tallinn.

Scale indicators10 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Nordea: Major Nordic universal bank with wealth management and asset management operations across the Nordics and Baltics. Competes for Evernord's HNW and corporate clients in the broader Nordic-Baltic corridor.
• SEB: Major Nordic-Baltic banking group with extensive wealth management, asset management, and investment banking services across Lithuania, Latvia, and Estonia. Broad incumbent operating in Evernord's core markets with far greater scale and product breadth.
• Luminor: Baltic-focused banking group serving retail, corporate, and wealth management clients across Lithuania, Latvia, and Estonia. Competes for Evernord's core customer segments including HNW individuals and mid-market corporates.
• LHV Group: Estonian financial group providing banking, asset management, and brokerage services. Comparable as a Baltic wealth and asset manager with retail and institutional client overlap with Evernord.
• Swedbank: Leading Baltic and Nordic bank providing wealth management and investment services across all three Baltic states. Competes with Evernord for HNW investors and corporate capital-raising mandates.

Direct peers

• Endover: Leading Estonian real estate developer for 25 years whose bond issuances Evernord distributes. Comparable in the Baltic real estate development/fund space and a current distribution partner, making it a relevant peer in adjacent real estate investment activity.
• Evli: Finnish investment firm specializing in wealth management and asset management across Nordic and European markets. Evernord's strategic partner and highly comparable as a multi-product wealth/asset manager targeting HNW and institutional clients.
• INVL (Invalda INVL): Lithuanian asset management and investment advisory group operating pension funds, investment funds, and wealth management services in the Baltics. Closest direct peer in the same Lithuanian market with overlapping fund management and advisory offerings.
• Novira Capital: Estonian real estate development company partnering with Evernord on multiple projects (Novira Plaza Riga, Stellar Tallinn, Marbella villa). Closely comparable as a Baltic real estate developer that both competes and cooperates with Evernord in property fund deployment.

Regional players

• Citadele: Baltic bank headquartered in Latvia with operations across all three Baltic states. Both a competitor and an institutional investor in Evernord's real estate funds (e.g., Tyzenhauz project), making it a directly comparable wealth/asset management peer in the region.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/evernord
• Facebookfacebook.com/evernord

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Evernord