AS Avaron Asset Management
- Company typePrivate
- Founded2007
- HeadquartersTallinn, Estonia
- Headcount—
- GTM typeB2B and B2C
- OfferingServices
AS Avaron Asset Management firmographics
Firmographics- Name
- AS Avaron Asset Management
- Legal name
- AS Avaron Asset Management
- Website
- https://avaron.ee
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Ownership category
- akta.pro rank
AS Avaron Asset Management industry classification
Industry- Product category
- Asset Management
- NAICS
- Portfolio Management and Investment Advice (52394), Open-End Investment Funds (525910)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Multi-Asset Mutual Funds & UCITS (Balanced/Allocation Funds) (FSAAAJAA)
- akta.pro secondary industry
- Multi-Asset Solutions for Institutional (Pensions/Endowments/Sovereigns) (FSAAAJAJ)
Keywords
Where AS Avaron Asset Management is headquartered
LocationHeadquarters
- HQ city
- Tallinn
- HQ country
- Estonia
- HQ region
- Europe
Offices2 records
Markets served
AS Avaron Asset Management business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Fund Management Fees: Annual management fees charged on assets under management across Avaron's four funds. Fee rates vary by share class: retail D unit at 1.75%, institutional C unit at 1.1%, institutional E unit at 0.75%, large institutional B unit at 0.95%, and mega institutional A unit at 0.85%.
- Performance Fees: Performance fee of 15% over MSCI Emerging Europe ex-Ru index applies only to the E unit (institutional investors), with no performance fee on other share classes.
- Advisory Fees: Personalized investment advisory services provided to clients, with first consultation offered free of charge.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Mega Institutional Share Class (A unit) - Min 20,000,000 EUR, 0.85% management fee |
| Subscription | Annual | Large Institutional Share Class (B unit) - Min 1,000,000 EUR, 0.95% management fee |
| Subscription | Annual | Institutional Share Class (E unit) - Min 100,000 EUR, 0.75% management fee, 15% performance fee |
| Subscription | Annual | Institutional Share Class (C unit) - Min 100,000 EUR, 1.1% management fee |
| Subscription | Annual | Retail Share Class (D unit) - Min 100 EUR, 1.75% management fee |
| Subscription | Annual | Avaron High Yield Bond Fund management fees: 0.3% to 0.9% annually based on investment size |
| Subscription | Pay-as-you-go | Minimum investment starting from 100 EUR |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels6 records
AS Avaron Asset Management product offering
Product offeringCore offering
AS Avaron Asset Management operates as an Estonian licensed fund management company running four UCITS-regulated investment funds: Avaron Emerging Europe Fund (equities in Emerging Europe ex-Russia), Avaron Private Portfolio Fund (flexible mixed-asset European exposure), Avaron High Yield Bond Fund (European high yield corporate bonds), and Avaron Growth Companies Fund (small/mid-cap growth equities in Emerging Europe). The firm invests via bottom-up fundamental in-house research and distributes through Estonian bank platforms and European institutional fund networks, serving 1,000+ investors with €350M+ assets under management.
Differentiator
Problem solved
Functional benefit
Brands
- Avaron Emerging Europe Fund (AEF): UCITS public equity fund investing in Emerging Europe ex-Russia public equities; managed by Valdur Jaht, Peter Priisalm, and Rain Leesi; SFDR Article 8 fund with LuxFLAG ESG Label.
- Avaron Private Portfolio Fund (Privaatportfelli Fond)
- Avaron High Yield Bond Fund (Võlakirjafond)
- Avaron Growth Companies Fund (Kasvuettevõtete Fond)
Products and services
- Avaron Emerging Europe Fund (Avaron Areneva Euroopa Aktsiafond) UCITS public equity fund investing in listed companies across Emerging Europe ex-Russia, with portfolio of typically 30-40 holdings from a research universe of approximately 170 companies. High risk level, designed for long-term capital growth to complement a global equity portfolio. Available in retail (D unit, 1.75%) and institutional (A/B/C/E units, 0.75%-1.1%) share classes.
- Avaron Private Portfolio Fund (Avaroni Privaatportfelli Fond) Flexible mixed-asset UCITS fund investing in European equities, high-yield bonds, and commodities. Targets 5-10% net annual return with moderate risk. Suitable as a core portfolio holding for investors seeking global (Europe-focused) diversified exposure.
- Avaron High Yield Bond Fund (Avaroni Võlakirjafond) UCITS fund investing primarily in European high-yield corporate bonds, offering higher yield than bank deposits or investment-grade bonds with lower risk than equity funds. Suitable for investors seeking returns above bank deposits while accepting higher risk. Management fees range from 0.3% to 0.9% depending on investment size.
- Avaron Growth Companies Fund (Avaroni Kasvuettevõtete Fond) UCITS fund investing in rapidly growing small and mid-cap equities in the Emerging Europe region. High risk and return profile, designed for investors seeking exposure to fast-growing public companies. Previously known as Avaron Emerging Europe Smaller Companies Fund.
- Personalized Investment Advisory Service Personalized investment consultation service analyzing existing investment portfolios and assets, providing recommendations on asset allocation and instrument selection. First consultation meeting is free of charge, available in person at Tallinn office or via Microsoft Teams.
Quantifiable outcome
- 327.28% cumulative return over 15 years for Avaron Emerging Europe Fund A unit (vs 86.57% for benchmark)
- +4 more outcomes
Companies that use AS Avaron Asset Management
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles2 records
AS Avaron Asset Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration9 records
Feature3 records
AS Avaron Asset Management partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- SwedbankcoreSwedbank serves as depositary bank for all Avaron funds, holding fund assets, calculating daily NAV, maintaining shareholder registry, and reporting to Financial Supervision Authority. Also primary distribution channel for fund sales via internet banking.
- KPMG BalticscoreExternal auditor for Avaron funds, registered at Narva mnt 5, 10117 Tallinn, Estonia. KPMG provides independent audit services ensuring fund financial statement accuracy.
- PricewaterhouseCoopers (PwC)minorInternal auditor for Avaron, registered at Pärnu mnt 15, 10141 Tallinn, Estonia.
- LuxFLAGcoreLuxFLAG awarded ESG Label to Avaron Emerging Europe Fund, valid until March 31, 2028. Luxembourg-based European financial agency providing ESG certification for investment funds.
- European Distribution PlatformscoreInternational platforms including Euroclear FundSettle, Allfunds, Clearstream Banking SA, SIX SIS AG, CACEIS Investor Services, IFSAM, Inversis, FIL Fondsbank, BNP Paribas Securities Services Luxembourg, and Comdirect facilitate institutional distribution across Europe.
- Compensa ElukindlustusminorInsurance company offering Avaron fund investment through life insurance wrapper products, providing alternative access channel for retail investors through personal insurance advisors.
- LHV PankcoreMajor Estonian bank serving as distribution channel for Avaron funds via LHV internet banking platform. Second most important distribution partner after Swedbank.
- SEB PankminorDistribution through SEB bank branches and private banking relationship managers for clients with larger investment needs.
- Estonian Financial Supervision AuthoritycoreRegulatory authority overseeing Avaron's operations as a licensed fund management company. Located at Sakala 4, 15030 Tallinn, Estonia.
Scale indicators11 records
Recent moves7 records
AS Avaron Asset Management competitors and assessment
Company assessmentDirect peers
- Erste Asset Management: Vienna-headquartered asset manager and the largest fund manager in Central and Eastern Europe with a broad multi-asset fund range targeting Austrian, German, and CEE retail and institutional clients. Direct competitor for institutional EM Europe mandates sourced through European distribution platforms such as Allfunds and Clearstream.
- East Capital: Sweden-based boutique asset manager specializing in Emerging Europe, Russia, China, and other EM markets, with strong institutional distribution across Europe. East Capital's Eastern Europe equity strategies are the closest direct comparable to Avaron's flagship Emerging Europe Fund in terms of regional focus, fundamental research approach, and target investor base.
- Ashmore Group: London-listed, EM-specialist asset manager with deep Emerging Europe / Frontier Markets capabilities and a global institutional client base. Operates at significantly larger scale but represents the established public-market EM Europe competitor that institutional LPs may compare Avaron against for Emerging Europe mandates.
- SEB Investment Management: Nordic and Baltic asset management arm of SEB Group offering European and EM equity funds distributed through SEB Pank's Estonian retail branch network. SEB serves as a direct distribution channel partner for Avaron's institutional share classes, illustrating both competitor and partner overlap.
- Trigon Capital: Estonian-originated asset manager with a Central and Eastern European equity franchise; mentioned directly in Avaron's team backgrounds (Maarja Härsing-Värk previously led Trigon Capital's back office). Trigon is the most direct historical comparable from the Estonian asset management ecosystem with overlapping regional equity strategy.
- LHV Asset Management (LHV Varahaldus): Estonian asset manager operating the LHV pension funds and retail investment funds distributed through LHV Pank's internet banking platform. Direct competitor in Estonian retail fund distribution; Avaron's High Yield Bond Fund is benchmarked against LHV Euro Bond Fund, evidencing direct competitive overlap in the domestic Estonian investor market.
Broad incumbents
- Schroders Emerging Markets: Global asset manager with multi-decade Emerging Markets equity and debt capabilities and a substantial European institutional channel. While not specialized in Emerging Europe ex-Russia small/mid-caps, it competes with Avaron for institutional EM Europe allocations and is reachable on the same European distribution platforms.
- abrdn (formerly Aberdeen Standard Investments): Global asset manager with one of the largest EM equity platforms, including dedicated Emerging Europe strategies historically offered to European institutional clients. Represents a scaled broad-incumbent peer that institutional LPs evaluate against boutique specialists like Avaron for Emerging Europe mandates.
- Swedbank Robur: Nordic incumbent asset manager affiliated with Swedbank, which simultaneously serves as Avaron's depositary bank and primary Estonian retail distribution channel. Swedbank Robur operates a much broader fund range at scale, including EM and European equity strategies, and represents the institutional-quality competitor Avaron's institutional products must differentiate against.
Regional players
- Cobalt Capital Management: Regional asset management firm with comparable Baltic and Central European institutional client relationships and certain overlapping distribution channels. While Cobalt's specific mandates may differ, it operates in the same Estonian/Northern European institutional distribution ecosystem.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
AS Avaron Asset Management social profiles
Digital presenceAS Avaron Asset Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
AS Avaron Asset Management leadership team
Management profileNumber of profiles
Profiles11 records
AS Avaron Asset Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AS Avaron 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 AS Avaron Asset Management
What does AS Avaron Asset Management do?
AS Avaron Asset Management operates as an Estonian licensed fund management company running four UCITS-regulated investment funds: Avaron Emerging Europe Fund (equities in Emerging Europe ex-Russia), Avaron Private Portfolio Fund (flexible mixed-asset European exposure), Avaron High Yield Bond Fund (European high yield corporate bonds), and Avaron Growth Companies Fund (small/mid-cap growth equities in Emerging Europe). The firm invests via bottom-up fundamental in-house research and distributes through Estonian bank platforms and European institutional fund networks, serving 1,000+ investors with €350M+ assets under management.
Is AS Avaron Asset Management a public or private company?
AS Avaron Asset Management is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was AS Avaron Asset Management founded?
AS Avaron Asset Management was founded in 2007.
Where is AS Avaron Asset Management based?
AS Avaron Asset Management is headquartered in Tallinn, Estonia, in the Europe region.
How does AS Avaron Asset Management make money?
Three revenue lines are on record. Fund Management Fees are the primary driver. The others are performance Fees and advisory Fees.
Who are AS Avaron Asset Management's main competitors?
Direct peers on record are Erste Asset Management, East Capital, Ashmore Group, SEB Investment Management, Trigon Capital and LHV Asset Management (LHV Varahaldus). Broad incumbents are Schroders Emerging Markets, abrdn (formerly Aberdeen Standard Investments) and Swedbank Robur. Cobalt Capital Management is listed as a regional player.
Does AS Avaron Asset Management have an API?
No public API is recorded for AS Avaron Asset Management.
What industry is AS Avaron Asset Management in?
AS Avaron Asset Management's product category is Asset Management. Its primary akta.pro industry code is FSAAAJAA, Multi-Asset Mutual Funds & UCITS (Balanced/Allocation Funds), with a secondary code of FSAAAJAJ, Multi-Asset Solutions for Institutional (Pensions/Endowments/Sovereigns). Its NAICS code is 52394 and its SIC code is 6282.