Baring Vostok Closes $1B Fund

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.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR