Tuesday, 1 December 2015
Last updated 13 hours ago
May 30 2007 | 10:09am ET
Moscow-based Baring Vostok Capital Partners recently held a final close at US$1 billion for its latest offering dubbed the Baring Vostok Private Equity Fund IV. The new fund eclipsed its predecessor offering, which raised US$413 million in 2005.
The fund attracted capital from institutional investors in Europe, North America, the Middle East and Asia, according to the firm. The new offering will focus on the financial services, consumer products, media, telecommunications, and oil & gas sectors, and will acquire companies operating in Russia, Kazakhstan, Ukraine, and former Soviet republics.
“Russia and the CIS remain challenging markets in many respects, but the returns on investment are very attractive and compare favorably with most other countries or regions,” Michael Calvey, co-managing partner of Baring Vostok, said. “The medium-sized businesses on which we focus are growing fast, generating strong profit margins, and are generally not exposed to the political risks that have impacted some of the country’s largest companies.”
Baring Vostok was established in 1994 and is a member of Baring Private Equity International, a global p.e. group with more than $3.5 billion of capital commitments under management by affiliates in the Commonwealth of Independent States, Asia, India, Europe and Latin America.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…