Willgrow
Vilnius investment firm of Girteka founders Mindaugas Raila and Edvardas Liachovičius, investing group surplus capital in PE, VC, real assets, private debt and direct deals.
USEFUL FOR Fund managers raising capital · Business owners seeking a long-term partner · Co-investors
Family & background
- HEADQUARTERS
- Vilnius, Lithuania
- FOUNDED
- 2016
- OUTSIDE CAPITAL
- No — own capital only
Investment approach
- GEOGRAPHY
- Global
- ROUTES
- Direct investments · Funds (as LP)
- STRATEGIES
- Private equityVenture capitalReal estatePrivate creditDirect investmentsFunds (as LP)
Overview
Willgrow UAB is a Vilnius investment firm that describes itself as stemming from a first-generation family office; it was set up in 2016 by Girteka founders Mindaugas Raila and Edvardas Liachovičius to invest surplus capital from Girteka and SIRIN Development across asset classes. It is the holding company for logistics group Girteka and part of a group with industrial real-estate developer SIRIN Development. It allocates to private equity, venture capital, real assets and private debt managers and makes direct and co-investments, mainly in Western Europe and North America.
Investment thesis
Generate high risk-adjusted returns through partnerships with top-quartile and emerging managers in private equity, venture capital, real assets and private debt, plus direct investments in small- to mid-sized companies, leveraging in-house entrepreneurial experience.
Holdings & investments (20)
- GirtekaNOTABLEMobility & Logistics
- SIRIN DevelopmentNOTABLEReal Estate & PropTech
- project44
- GoRamp
- Scopio
- Artea
- Khosla Ventures
- Seedcamp
- Hummingbird
- Blackstone
- Ares
- Vista
- Thoma Bravo
- Pantheon
- StepStone
- Oakley Capital
- Equation
- Alpine
- Cendana
- Audacious Ventures
People
- Tomas KrakauskasChief Investment Officer · source
- Justinas MilašauskasInvestment Manager, Venture Capital · source
- Arvydas JadevičiusInvestment Manager, Private Equity and Real Assets · source
- Justas DaujotasInvestment Manager, Private Debt · source
- Domilė AndruškevičiūtėSenior Analyst, Venture Capital · source
- Mindaugas RailaFounder and Chairman of the Board · source
- Edvardas LiachovičiusFounder; Member of the Board · source
- Adam Saulius VainaMember of the Board · source
- Mantas RanonisChief Executive Officer · source
- Raimundas UšackasChief Operating Officer · source
- Lisa EdgarStrategic Advisor · source
- Nicolas FerretjansStrategic Advisor · source
- Mark SchmitzStrategic Advisor · source
- Eugenijus FilonovasLegal Counsel · source
Classification
Single Family Office. Manages one family's own capital, with no outside investors. The family bears every loss. How family capital is classified →
FAQ
Willgrow is a single family office based in Vilnius, Lithuania, founded in 2016.
Willgrow invests directly in companies and in third-party funds as an LP. Its stated asset mix includes private equity, venture capital, real estate, private credit, direct investments and funds (as lp).
Willgrow invests in Mobility & Logistics and Real Estate & PropTech.
Key people at Willgrow include Mindaugas Raila (Founder and Chairman of the Board), Edvardas Liachovičius (Founder; Member of the Board), Adam Saulius Vaina (Member of the Board) and Mantas Ranonis (Chief Executive Officer).
Willgrow's holdings and investments include Girteka, SIRIN Development, project44, GoRamp, Scopio, Artea, Khosla Ventures and Seedcamp, among others.
No. Willgrow invests its own capital and does not raise money from outside investors.