Russia: Baring Vostok scales new private equity heights

You need look no further than Baring Vostok Capital Partners to see how far alternative asset management has developed in Russia.

Michael Calvey, co-managing partner of BVCP alongside Alexei Kalinin

Calvey and Kalinin: investors are keen on private equity in Russia

In the space of the past 13 years the company has launched no fewer than four funds, each one progressively larger than its predecessor. Starting with the relatively modest $160 million First NIS Regional Fund in 1994, BVCP has gone on to raise $205 million in 2001 via the Baring Vostok Private Equity Fund, then $413 million in 2005 via Baring Vostok Private Equity Fund III and now $1.1