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IPE special report May 2018

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Baring closes Vostok PE fund at US$102m

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RUSSIA – Baring Vostok Capital Partners, a subsidiary of Baring Private Equity Partners, has announced the closing of its Baring Vostok Private Equity Fund at US$102m.
The fund targets investments in Russia, the Ukraine and other countries of the Commonwealth of Independent States (CIS).
Several large investment companies and financial institutions in the US and Europe have committed themselves to the fund.

The investment team is led by four senior partners: Jean Michel Broun, Michael Calvey, Alexei Kalinin and Andrei Terehov, who also managed an earlier fund investing in the area. The new fund focuses on several industry sectors, including oil, gas, telecommunications, forestry, consumer products and information technology, mainly in Russia and the Ukraine.

“ The economic, political, and business environment is healthy and steadily improving, yet entry-prices for private investments are much lower than in previous years due to global market conditions and the lack of competition in Russia at present. This combination creates potential for extra-ordinary returns as asset prices in Russia go through a major re-rating over the next five years,” says Michael Calvey.


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    Asset class: Real Estate - Core Open-ended Real Estate Equity Fund (non-listed).
    Asset region: Asia Pacific.
    Size: Approx. CHF 70-100m per investment.
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    Asset region: US.
    Size: USD 300 million.
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