The "Röntgen“ platform, having surpassed EUR 100 million, plans to establish a fund management company
Crowdfunding platform Röntgen has applied for a fund management company licence. The company was motivated to launch a new investment product by its growing business volumes and its desire to meet the needs of larger investors.
Röntgen, active since 2017, became the second largest platform in Lithuania in September, according to the data of the Bank of Lithuania, and crossed the EUR 100 million threshold of mobilised investments in early December.
"Although this year has been full of challenges for the real estate sector, in the first 11 months of this year we have financed EUR 46.6 million worth of projects on Röntgen, or 2.3 times more than in the same period last year. We have a community of almost 18,000 small and professional investors, including large investors with portfolios of EUR 3-4 million, banks or private funds. We expect similar results in the coming years, so an investment management company is a natural evolution in view of the needs of large investors", says Martynas Stankevicius, CEO and shareholder of Röntgen.
He says that several investment funds are planned so far, one of which, like the platform, will invest in private debt.
"The fund will invest primarily in projects published on the Röntgen platform. This format is more convenient for large and institutional investors, as it will allow them to avoid actively looking after the investments themselves and will ensure a wider diversification and slightly higher returns," says M. Stankevicius.
He said that the same minimum risk and conservative return selection criteria will be applied to the selection of investment projects as in the crowdfunding platform.
"This would meet the needs of large investors who already trust our selection and want to entrust us with the management of larger capital. We will target a return of 6% + Euribor and offer greater liquidity by allowing the sale of the fund units before the maturity date. We expect to launch this fund in the first half of 2024", comments M. Stankevicius.
The fund will offer real estate developers additional opportunities to finance large real estate projects exceeding the EUR 5 million thresholds for crowdfunding platforms.
According to M. Stankevicius, the possibility of establishing separate funds for real estate development and aviation investments is also under consideration.
He added that, following the Bank of Lithuania's approval of Röntgen's funds, the company's focus will continue to be on its crowdfunding platform, which is expected to grow next year at a similar rate as this year. Investors will be offered additional functionality allowing for automatic investment, as well as the sale of the investment on the secondary market.
The "Röntgen“ platform, having surpassed EUR 100 million, plans to establish a fund management company
Crowdfunding platform Röntgen has applied for a fund management company licence. The company was motivated to launch a new investment product by its growing business volumes and its desire to meet the needs of larger investors.
Röntgen, active since 2017, became the second largest platform in Lithuania in September, according to the data of the Bank of Lithuania, and crossed the EUR 100 million threshold of mobilised investments in early December.
"Although this year has been full of challenges for the real estate sector, in the first 11 months of this year we have financed EUR 46.6 million worth of projects on Röntgen, or 2.3 times more than in the same period last year. We have a community of almost 18,000 small and professional investors, including large investors with portfolios of EUR 3-4 million, banks or private funds. We expect similar results in the coming years, so an investment management company is a natural evolution in view of the needs of large investors", says Martynas Stankevicius, CEO and shareholder of Röntgen.
He says that several investment funds are planned so far, one of which, like the platform, will invest in private debt.
"The fund will invest primarily in projects published on the Röntgen platform. This format is more convenient for large and institutional investors, as it will allow them to avoid actively looking after the investments themselves and will ensure a wider diversification and slightly higher returns," says M. Stankevicius.
He said that the same minimum risk and conservative return selection criteria will be applied to the selection of investment projects as in the crowdfunding platform.
"This would meet the needs of large investors who already trust our selection and want to entrust us with the management of larger capital. We will target a return of 6% + Euribor and offer greater liquidity by allowing the sale of the fund units before the maturity date. We expect to launch this fund in the first half of 2024", comments M. Stankevicius.
The fund will offer real estate developers additional opportunities to finance large real estate projects exceeding the EUR 5 million thresholds for crowdfunding platforms.
According to M. Stankevicius, the possibility of establishing separate funds for real estate development and aviation investments is also under consideration.
He added that, following the Bank of Lithuania's approval of Röntgen's funds, the company's focus will continue to be on its crowdfunding platform, which is expected to grow next year at a similar rate as this year. Investors will be offered additional functionality allowing for automatic investment, as well as the sale of the investment on the secondary market.
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UAB Trečia diena, valdanti platformą Röntgen, yra licencijuota sutelktinio finansavimo platforma. Platformos veiklą reglamentuoja ES Sutelktinio finansavimo reglamentas, o veiklos priežiūrą įstatymų numatyta tvarka vykdo Lietuvos bankas.