Non-public.
Units in the Fund are not offered to the public.
FUND STRUCTURE
How the Fund is structured
A fund built for complex transactions should itself be simple to understand. Lava Invest Fund Usaldusfond operates through a clear, two-entity structure under Estonian law: the Fund, and its manager and general partner, Lava Invest Management OÜ. Here is how it is set up, and where each detail can be confirmed.
The Fund
Lava Invest Fund Usaldusfond
- Registry code
- 16344345
- LEI
- 6488FW7G4DE8TF057831
The Manager
Lava Invest Management OÜ
- Registry code
- 16089031
Legal form
The Fund is a limited partnership fund established under the Investment Funds Act of the Republic of Estonia and entered as such in the Estonian Commercial Register. It qualifies as an alternative investment fund within the meaning of Directive 2011/61/EU (AIFMD).
Closed-ended.
Limited partners have no automatic right to redeem their units at net asset value.
Self-managed.
The Fund is managed by its general partner; management is not delegated to an external fund manager.
Term.
The Fund is established for an indefinite term.
Governing law.
Estonian law; the courts of Estonia have exclusive jurisdiction.
Lava Invest Fund Usaldusfond
Former name Unify Invest Fund Usaldusfond
- Registry code
- 16344345
- Entered in the Commercial Register
- 18.10.2021
- ISIN
- EE0000003895
- LEI
- 6488FW7G4DE8TF057831
- Legal form
- Limited partnership fund (usaldusfond) under the Investment Funds Act of the Republic of Estonia
Register entry e-Business Register (opens in a new tab)
Lava Invest Management OÜ
Former name Unify Invest Management OÜ
- Registry code
- 16089031
- Entered in the Commercial Register
- 02.11.2020
- Legal form
- Private limited company (osaühing)
- Role
- General partner and manager of the Fund (since 02.01.2026)
- Status with the Estonian Financial Supervision Authority
- Small fund manager without activity licence (Tegevusloata väikefondi valitsejad)
Regulatory status
What the Manager’s registration means
Status with the Estonian Financial Supervision Authority
Small fund manager without activity licence (Tegevusloata väikefondi valitsejad)
Lava Invest Management OÜ is entered in the list of small fund managers without activity licence (Tegevusloata väikefondi valitsejad) maintained by the Estonian Financial Supervision Authority (Finantsinspektsioon).
What this means
- The Manager has registered its activity as a small fund manager with the Financial Supervision Authority.
- The Manager may manage only non-public funds whose units are not offered to the public.
- Under § 455(8) of the Investment Funds Act, the Financial Supervision Authority supervises the Manager only for compliance with the registration obligation and the submission of information.
- The Manager does not hold an activity licence as an alternative investment fund manager.
- The Financial Supervision Authority does not supervise the Fund’s investment activity or approve its documents.
How the Fund is organised
Lava Invest Management OÜ is solely responsible for the management, operation and administration of the Fund, including investment decisions, risk management and reporting. It bears unlimited liability for the Fund’s obligations to the extent they cannot be met from the Fund’s assets.
The Fund follows the internationally recognised general partner and limited partner model.
Investors join the Fund as limited partners by signing a Subscription Agreement. Their liability for the Fund’s obligations is limited to the amount of their capital contribution. Limited partners do not take part in the management of the Fund. They retain voting rights on matters reserved to the partners and the right to inspect the Fund’s books and records.
Independence
The Manager takes management and investment decisions independently, without influence from limited partners or third parties outside its structure.
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