Established in 2012, DAO FAMILY operates business via two entities:
REAL ESTATE
PRIVATE EQUITY
investment horizon of our business developments is long, based on trends lasting decades and unlimited by short term thinking.
we carefully select asset classes and industries in order to increase the power of our attention and industry knowledge.
we believe in risk reduction and diversification through vertical integration within the industries that we understand.
we seek to be experts in the global industries we operate in. We are constantly learning, analyzing and training.
we execute a thoroughly thought out plan with confidence delivering the results on time.
we apply systematic approach to all processes within the organization ensuring sustainable top quality execution.
we promote entrepreneurial culture, energy and creativity within all segments of our organisation.
we feel fully accountable to our co-investors, therefore we communicate regularly and transparently.
we aim to deliver the best product in the market, truly answering the needs of the end-user.
The Partners of DAO FAMILY are active managers and investors, deeply involved in defining the investment strategy, selecting the assets, attracting people, setting the standards of execution and maintaining the balance of the whole system of DAO FAMILY.
20 years of professional experience.
Previously:
20 years of professional experience.
Previously:
15 years of professional experience.
Previously:
DAO FAMILY is the active shareholder inviting other financial
co-investors to utilize selected investment opportunities. Misiunas family is the principal family investing into all assets selected by DAO FAMILY. Over the last years, other Western and Eastern European families have also successfully co-invested together with DAO FAMILY.
Due to a positive investment relationship in the past, many of these families co-invested in absolutely all proposed investment opportunities. For future investments, DAO FAMILY expects to increase the network of co-investors having similar values, sharing long term investment approach and staying together in all weather.
Prior to the investment, DAO FAMILY provides orderly and detailed information package as well as the data room for the co-investors, followed by transparent and timely reporting after the investment. Sharing the experience and networking among the co-investors is welcomed and highly appreciated.
Partners of DAO FAMILY do not receive salaries or management fees from the assets – the only form of financial motivation is equity or profit sharing.
Depending on the investment stage, DAO FAMILY targets 10-30% return on equity.
Exit options:
Exit options:
Exit options:
Competitive advantage - development assets must have competetive advantage against the peers - location, purchase, price, etc.
Portfolio balance - after the acquisition, the weight of development assets should not exceed 50% of the total real estate portfolio.
Counter-cyclical assets - cash flow real estate must be resistant to the economic cycles.
Location / Tenant / Rent price - cash flow real estate must meet two out of these three criteria: be in an excellent location, have strong tenants or have rent price below the market average.
Competent team - asset size has to be large enough in order to attract top quality team to manage it.
Counter-cyclical business - acquired or developed business must be resistant to the economic cycles.
Large market - the market of the end users has to be global or at least European.
Growing market - there has to be a possibility to utilise the increasing space of the growing market versus fighting in a stagnant market.
Fragmented market - raw materials and sales markets, as well as the competition, must be unconsolidated by large players.
Competent team - asset size has to be large enough in order to attract top quality team to manage it.
Competetive advantage - after identifying the problems of a certain industry, there has to be an opportunity to develop unique solutions which would provide strong advantage against competitors.
Tautvydas Misiunas (father) completed his studies of Automatics at Kaunas Polytechnic Institute and started his professional career at ACHEMA, one of the largest nitrogen fertilizer factories in Europe, as electronics engineer in 1973. Since 1988, he was setting up the international trading business of the company.
In 1994, ACHEMA was privatized and Tautvydas Misiunas became one of the shareholders deeply involved in the rapid development of the factory and all ACHEMA GROUP. Tautvydas Misiunas retired in 2016, at the age of 66, having served the company for 43 years.
During his career, Tautvydas Misiunas served as the Member of the Board of ACHEMA as well as numerous daughter companies all around Europe, including LITEXIMP in Poland, AGROBALTIC in Germany, LITFERT in France, FERTIGENT in Belgium. For years, Tautvydas Misiunas represented ACHEMA in the European Fertilizer Manufacturers Association in Brussels, where he was the Chairman of Trade and Economics Committee and Member of the Board. Tautvydas Misiunas also represented Lithuania in ECOSOC (Consultative Committee to EU Social and Economics Commission).
Vykintas Misiunas (son) completed his studies of International Business at the Greenwich University (London, UK) and International Securities, Investment and Banking at Reading University (Reading, UK) in 1998. Later on he also completed EMBA studies at the Baltic Management Institute (Vilnius, Lithuania).
Vykintas Misiunas started his professional career at SEB bank, the largest bank in Lithuania, where he was heading the Treasury and Capital Markets Department until 2007. During this time, Vykintas Misiunas was serving as a Member of the Board at SEB Venture Capital and SEB Life Insurance and was a Member of SEB Asset & Liabilities Management Committee.
From 2007 till 2009, Vykintas Misiunas took the role of active Member of the Board at KRS Group, where he was involved in the restructuring of a producer of chemical products HIGEJA as well as running other businesses of the group in construction, real estate and IT. In 2009, he was invited to become the Fund Manager of the first 4 regulated real estate funds in Lithuania at Lords LB Asset Management. In 2012, Vykintas Misiunas together with 3 other partners established DAO FAMILY.
