Fund management company EIKA Asset Management (EAM), which is part of EIKA Group, one of the leading real estate development companies in Lithuania, is celebrating its tenth anniversary. During this period, the company has established seven investment funds, the value of which under management reached EUR 200 million in June 2025, and the area of the managed assets is 61 thousand sq. m. Currently, more than 1,000 apartments are being developed in the EAM fund portfolio, as well as logistics centers and offices..
A successful start and a path to growth
The company, established in 2015, began active operations in 2016, having received a license from the Bank of Lithuania to operate as a collective investment undertaking management company. Already in 2017, the first fund was established – Eika Residential Fund, which invested in residential projects in Vilnius.
Over the past decade, EAM’s activities have expanded rapidly:
- In 2019, Eika Real Estate Fund was launched, investing in commercial real estate and acquiring and developing such properties as the Highway business center and the DHL Lietuva terminal.
- In 2020, Eika Development Fund was established, focused on residential and mixed-use projects.
- In 2022, Eika Green Energy Fund began operations, investing in solar parks in Lithuania and abroad.
- The portfolio was later supplemented by Eika Co-living Fund and Eika Private Equity Secondaries Fund I, opening up opportunities to invest in community living projects and opening the door to the private equity fund market.
Over the past 10 years, EAM has established and managed 7 investment funds and has already successfully closed the first fund, Eika Residential Fund, achieving an average annual return of 30 percent over the entire duration of the fund’s operations.
During this period, EAM has implemented more than ten significant investments in the Baltic States and Central Europe and expanded its investments outside Lithuania – in Latvia, Poland and Slovakia.
“The last few years have been years of searching for new markets and new products. We realized that we and our investors need larger and more mature markets. The return on our investments has been encouraging, so we have paid close attention to analyzing new opportunities, and some of them are already being implemented. Several more projects will be launched in the near future,” says Andrius Uždavinys, CEO of EAM.
According to A. Uždavinis, the decision to expand in Poland has proven to be very successful. This year, EAM plans to invest about 20 million euros of equity in the office segment. Another direction of EAM’s investment in Poland is logistics facilities.
“We are pleased that the development of our investments abroad is also based on cooperation with large banks. We are known and visible in the Polish market, we have successfully implemented several projects worth tens of millions, so large banks are willing to contribute and invest in our projects,” says the CEO of EAM.
Having received the AKISVĮ license from the Bank of Lithuania, EAM has acquired the right to operate throughout the European Union and EEA countries. EAM plans further expansion not only in Poland, but also throughout Central Europe and Germany.
A new decade – with new goals
In 2025, EAM plans to invest EUR 76 million, establish two new funds – one for the development of residential projects, the other for infrastructure development, and also continue its expansion in the Central and Eastern European region.
EAM begins its second decade of operations in a new office in the business center “Jasinskio2” near Tauros Kalnas. The EAM team consists of 17 experienced professionals with competencies in the areas of development, construction, project management, transaction structuring, asset management, risk and compliance.
“Over ten years, we have built a motivated and strong team that demonstrates the highest level of professionalism and team spirit. Our greatest achievement is not only the growing value of investments, but also the people who create these results. I believe that this is just the beginning,” says A. Uždavinys.