PROVENDI ASSET MANAGEMENT
PROVENDI ASSET MANAGEMENT
Professional asset manager, currently managing a fund focused on the local Baltic real estate market
Professional asset manager, currently managing a fund focused on the local Baltic real estate market
€ 215M AUM
assets under management
500+ TENANTS
reliable and recognizable tenants
13 ASSETS
high-quality residential, commercial and office real estates

Office building Z1
Address: Zala street 1, Riga
Area: 3,629 m2
Status: Fully renovated (2009)

Aloja Business Centre
Address: Kr. Valdemara street 62, Riga
Area: 8,359 m2
Status: Construction completed in year 2009

Alojas Kvartāls
Address: Kr. Valdemara street 62A, Riga
Area: 1,754 m2
Status: Construction completed in year 2004

Auriga retail centre
Address: Tallinn street 88, Kuressaare, Saaremaa Island, Estonia
Area: 13,552 m2
Status: Completely reconstructed (2016-2023)

Damme retail centre
Address: Kurzemes prospekts 1A, Riga
Area: 13,728 m2
Status: Completely renovated (2017)

Kr. Barona street 20/22
Address: Kr.Barona street 20/22, Riga
Area: 2,739 m2
Status: Renovation of the facade (2019), rebuilding of the 1.floor (2024)

Olimpia retail centre
Address: Azenes street 5, Riga
Area: 22,463 m2
Status: Fully renovated (2021-2023)

DEPO DIY retail centre
Address: Klaipėda street 145, Panevėžys, Lithuania
Area: 19,600 m2
Status: 0pened in 2016

Elizabetes street 89
Address: Elizabetes street 89, Riga, Latvia
Area: 3,917 m2
Status: Renovated (2023)

Pulkveza Brieza street 10
Address: Pulkveza Brieza street 10, Riga, Latvia
Area: 3,701 m2
Status: Renovated (2023)

Kr. Valdemara street 61
Address: Krisjana Valdemara street 61, Riga, Latvia
Area: 2,738 m2
Status: Renovated (2024)

RIMI Tukums retail centre
Address: Pasta street 14, Tukums
Area: 4,215 m2
Status: Reconstructed (2014)

RIMI Gaiļezers retail centre
Address: Gailezera street 8, Riga
Area: 7,952 m2
Status: Reconstructed (2019)
€ 215M AUM
assets under management
500+ TENANTS
reliable and recognizable tenants
13 ASSETS
high-quality residential, commercial and office real estates

Office building Z1
Address: Zala street 1, Riga
Area: 3,629 m2
Status: Fully renovated (2009)

Aloja Business Centre
Address: Kr. Valdemara street 62, Riga
Area: 8,359 m2
Status: Construction completed in year 2009

Alojas Kvartāls
Address: Kr. Valdemara street 62A, Riga
Area: 1,754 m2
Status: Construction completed in year 2004

Auriga retail centre
Address: Tallinn street 88, Kuressaare, Saaremaa Island, Estonia
Area: 13,552 m2
Status: Completely reconstructed (2016-2023)

Damme retail centre
Address: Kurzemes prospekts 1A, Riga
Area: 13,728 m2
Status: Completely renovated (2017)

Kr. Barona street 20/22
Address: Kr.Barona street 20/22, Riga
Area: 2,739 m2
Status: Renovation of the facade (2019), rebuilding of the 1.floor (2024)

Olimpia retail centre
Address: Azenes street 5, Riga
Area: 22,463 m2
Status: Fully renovated (2021-2023)

DEPO DIY retail centre
Address: Klaipėda street 145, Panevėžys, Lithuania
Area: 19,600 m2
Status: 0pened in 2016

Elizabetes street 89
Address: Elizabetes street 89, Riga, Latvia
Area: 3,917 m2
Status: Renovated (2023)

Pulkveza Brieza street 10
Address: Pulkveza Brieza street 10, Riga, Latvia
Area: 3,701 m2
Status: Renovated (2023)

Kr. Valdemara street 61
Address: Krisjana Valdemara street 61, Riga, Latvia
Area: 2,738 m2
Status: Renovated (2024)

RIMI Tukums retail centre
Address: Pasta street 14, Tukums
Area: 4,215 m2
Status: Reconstructed (2014)

RIMI Gaiļezers retail centre
Address: Gailezera street 8, Riga
Area: 7,952 m2
Status: Reconstructed (2019)
€ 215M AUM
500+ TENANTS
13 ASSETS

Office building Z1
Address: Zala street 1, Riga
Area: 3,629 m2
Status: Fully renovated (2009)

Aloja Business Centre
Address: Kr. Valdemara street 62, Riga
Area: 8,359 m2
Status: Construction completed in year 2009

Alojas Kvartāls
Address: Kr. Valdemara street 62A, Riga
Area: 1,754 m2
Status: Construction completed in year 2004

Auriga retail centre
Address: Tallinn street 88, Kuressaare, Saaremaa Island, Estonia
Area: 13,552 m2
Status: Completely reconstructed (2016-2023)

Damme retail centre
Address: Kurzemes prospekts 1A, Riga
Area: 13,728 m2
Status: Completely renovated (2017)

Kr. Barona street 20/22
Address: Kr.Barona street 20/22, Riga
Area: 2,739 m2
Status: Renovation of the facade (2019), rebuilding of the 1.floor (2024)

Olimpia retail centre
Address: Azenes street 5, Riga
Area: 22,463 m2
Status: Fully renovated (2021-2023)

DEPO DIY retail centre
Address: Klaipėda street 145, Panevėžys, Lithuania
Area: 19,600 m2
Status: 0pened in 2016

Elizabetes street 89
Address: Elizabetes street 89, Riga, Latvia
Area: 3,917 m2
Status: Renovated (2023)

Pulkveza Brieza street 10
Address: Pulkveza Brieza street 10, Riga, Latvia
Area: 3,701 m2
Status: Renovated (2023)

Kr. Valdemara street 61
Address: Krisjana Valdemara street 61, Riga, Latvia
Area: 2,738 m2
Status: Renovated (2024)

RIMI Tukums retail centre
Address: Pasta street 14, Tukums
Area: 4,215 m2
Status: Reconstructed (2014)

RIMI Gaiļezers retail centre
Address: Gailezera street 8, Riga
Area: 7,952 m2
Status: Reconstructed (2019)
About Us
About Us
The path to Baltic
real estate investments
SIA Provendi Asset Management AIFP is an alternative investment fund manager, registered with the Bank of Latvia.
Provendi Asset Management was established by IPAS Indexo and private partners in 2022. It is located in Riga, Latvia, but operates in the Baltic region.
The managerial team has more than 20 years of experience in investment, commercial bank and real estate sectors. At present SIA Provendi Asset Management AIFP manages Provendi Real Estate Fund.
SIA Provendi Asset Management AIFP is an alternative investment fund manager, registered with the Bank of Latvia.
Provendi Asset Management was established by IPAS Indexo and private partners in 2022. It is located in Riga, Latvia, but operates in the Baltic region.
The managerial team has more than 20 years of experience in investment, commercial bank and real estate sectors. At present SIA Provendi Asset Management AIFP manages Provendi Real Estate Fund.
News
Indexo Real Estate Fund changes its name
Indexo Real Estate Fund changes its name
Provendi Asset Management expands its portfolio with the acquisition of three commercial properties in Riga
Provendi Asset Management expands its portfolio with the acquisition of three commercial properties in Riga
Value of the Indexo Real Estate Fund portfolio managed by Provendi Asset Management has almost quadrupled in two years
Value of the Indexo Real Estate Fund portfolio managed by Provendi Asset Management has almost quadrupled in two years
Ilze Jansone Joins the Management Team of Provendi Asset Management AIFP
Ilze Jansone Joins the Management Team of Provendi Asset Management AIFP
Fund
Provendi Real Estate Fund is an independent real estate investment fund established at the end of 2022 and managed by SIA Provendi Asset Management AIFP.
The Fund’s objective is to invest in a portfolio of quality, low-risk Baltic real estate – office, retail, residential, logistics and industrial buildings with stable cash flows.
The fund’s mission is to provide competitive and safe investment possibilities for institutional and private investors in the Baltic real estate market, thus contributing to the development of the local economy.
Provendi Real Estate Fund is an independent real estate investment fund established at the end of 2022 and managed by SIA Provendi Asset Management AIFP.
The Fund’s objective is to invest in a portfolio of quality, low-risk Baltic real estate – office, retail, residential, logistics and industrial buildings with stable cash flows.
The fund’s mission is to provide competitive and safe investment possibilities for institutional and private investors in the Baltic real estate market, thus contributing to the development of the local economy.
Team
You will benefit from our highly experienced team that brings a wealth of knowledge to real estate investment and asset management.
You will benefit from our highly experienced team that brings a wealth of knowledge to real estate investment and asset management.
Management
Management
Our team consists of professionals with long-standing expertise in active management, private equity, and real estate markets.
We provide full investment cycle oversight – from strategy development and project management to stringent risk control, compliance assurance, and legal supervision.
Our team consists of professionals with long-standing expertise in active management, private equity, and real estate markets.
We provide full investment cycle oversight – from strategy development and project management to stringent risk control, compliance assurance, and legal supervision.

Kristaps Bērziņš
Kristaps Bērziņš
CEO and co-founder
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Sanita Zērvena
Sanita Zērvena
Investment Director
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Kristaps Zakulis
Kristaps Zakulis
Board member
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Ilze Jansone
Ilze Jansone
Finance Director
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Madara Brokāne
Madara Brokāne
Management Assistant
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Supervisory Board
Thanks to the long-standing experience of the Supervisory board members in the banking and investment sectors, we guarantee a competent approach to investment management that meets the highest industry standards.
Thanks to the long-standing experience of the Supervisory board members in the banking and investment sectors, we guarantee a competent approach to investment management that meets the highest industry standards.

Druvis Murmanis
Druvis Murmanis
Chairman of the Supervisory Board
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Henrik Karmo
Henrik Karmo
Deputy Chairman of the Supervisory Board
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Joakim Blanking
Joakim Blanking
Member of the Supervisory Board
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2025 Provendi Asset Management
All Rights Reserved
Privacy Policy
2025 Provendi Asset Management
All Rights Reserved
Privacy Policy