What is Baring Vostok's funds geographic focus?
Baring Vostok's funds acquire companies operating mainly in Russia, Kazakhstan, Ukraine, and other countries of the former Soviet Union.

What types of industries do Baring Vostok funds invest in?
Baring Vostok's investments tend to be from one of two types of industries, those in which the target company has a clear competitive advantage in the country of its operations (such as oil, gas and other natural resources) and those that are poised to take advantage by the growth potential of consumer markets in the region (such as financial services, telecommunications, media and other services).

How much capital does Baring Vostok have under management?
Baring Vostok is or has been the adviser to the following funds: First NIS Regional Fund ($160 million, raised in 1994); the Baring Vostok Private Equity Fund ($205 million, 2000); the Baring Vostok Private Equity Fund III ($413 million, 2004), the Baring Vostok Private Equity IV ($1.05 billion, 2007), and the Baring Vostok Private Equity IV Supplementary ($400 million, 2007).

How many deals has Baring Vostok reviewed?
Since 1994, the BVCP team has reviewed 1,900 potential projects, and ultimately proceeded to invest in 50 of them.

What is a private equity fund?
A private equity fund is essentially a pool of capital that is most commonly invested in private companies with the intent of assisting in the company's growth for a period of time (usually for several years), before selling the fund's stake either to a strategic investor, another financial investor, or floating the company on a public market through an IPO. For funds under BVCP’s management, the main area of investment involves non-traded or nominally traded companies with business in Russia or other countries in the former Soviet Union. Baring Vostok purchases either a controlling shareholding or a significant share in the company, with the aim of raising the value of its business. The full lifecycle of a fund is typically eight to ten years and the average period of investment in a portfolio business is four to five years.

What type of control does the fund exercise in a portfolio company?
To a certain extent, the amount of control that a private equity fund can exert in a given company is directly related to the size of the fund's equity stake. For Baring Vostok, majority control is generally the most attractive option and the company aims to achieve this either independently or together with other investors. Baring Vostok takes part in the management of companies through its board of directors. It looks to ensure that the company is managed in the best interests of all shareholders and implements procedures which assist the company in achieving its strategic goals.

What type of return does Baring Vostok funds' target from its portfolio investments?
Baring Vostok targets a gross average return from its investments of 3.0x investment cost and 40% gross IRR.