Baring Vostok Capital Partners is the largest independent private equity firm focused on investments in Russia and the Commonwealth of Independent States. The Baring Vostok Private Equity Funds invest across a broad range of industries including oil and gas, consumer products, media and technology, telecommunications and financial services. The Investment Advisor of the Funds, Baring Vostok Capital Partners (Guernsey) several times since 2005 has been voted “Russian Private Equity Firm of the Year” by the readers of Private Equity International and Private Equity Online. The sub-advisor of BVCP has a branch office in Moscow with a team of 40 experienced investment professionals. From its founding in 1994 through 2004, the firm was a subsidiary of Baring Private Equity International which was an affiliate of Barings Bank. In addition to Baring Vostok, the affiliates of BPEP International include Baring Private Equity Asia as well as Baring Private Equity Partners India, founded in 1984. BPEP International's Latin America affiliate is known as GP Investments, a leading private equity firm in Brazil. Collectively, the firms represent over $12 billion in capital commitments as of the end of 2014. With offices in Moscow, the firm has raised over $3.7 billion across five investment funds. The firm’s name vostok is the Russian word for "east". Additionally, the Vostok spacecraft was the first manned spacecraft, operated by Russian cosmonaut Yuri Gagarin. In February 2019, the firm's founder Michael Calvey and five colleagues were arrested on suspicion of involvement in the theft of 2.5 billion rubles from Vostochny Bank. Calvey said the allegations were unfounded and linked the criminal investigation against him to a corporate dispute he had with other shareholders of Vostochny Bank. Later the shareholders entered into a settlement agreement and publicly stated that their shareholder dispute was not related to the criminal investigation. After signing the settlement agreement, Baring Vostok returned 2.5 billion rubles to Vostochny Bank. In August 2021, the court found the top managers of Baring Vostok guilty of embezzling Vostochny Bank's funds and sentenced them to suspended sentences. Investments Since inception, Baring Vostok has invested over $2.4 billion in 67 companies. Baring Vostok founded by Michael Calvey is best known for its early stage investment in Russian search engine, Yandex, acquiring a 35.7% stake in the business in 2000. At the time of the Yandex IPO, Baring Vostok is estimated to have generated value of approximately $4 billion, representing a return