Baring Vostok’s funds have also invested in companies operating in other interesting sectors of the economy, such as construction materials, residential real estate development, and others. Since 1996, Baring Vostok funds have invested over $300 million in six companies.
Etalon Group

Etalon Group

One of Russia’s leading residential real estate developers with a focus on St. Petersburg, north-west Russia, and Moscow
Saint Petersburg, Russia
Year of initial investments:

In spring 2011, Etalon shares were listed officially on London Stock Exchange. 

Etalon Group is a leader in the residential construction sector in the north-west of Russia. Etalon is focused on large-scale residential complexes, targeting the lower middle class and upper economy class price segments. The Company holds firmly 10% of the market in the St. Petersburg Metropolitan Area and rapidly increasing its share in the Moscow Metropolitan Area.

Other projects


26 March 2018

Papa John's restaurant chain attracts new investors.

PJ Western, master-franchisee of Papa John's international in Russia, the CIS and Central Europe, announces a deal with the Baring Vostok investment fund to increase its total number of restaurants to 450 by December 2020.
12 March 2018

Etalon 2017 Total Asset Value Reaches USD 2.3 bln.

ETALON GROUP PLC, one of Russia’s largest and longest-established development and construction companies, announces the results of its asset valuation as of 31 December 2017, conducted by Knight Frank.
02 May 2012 closes $ 75 million fund-raising from Accel Partners and Baring Vostok Private Equity Fund IV to accelerate Russian expansion.

<p>, the largest online classifieds website in Russia, announced today that it has received $75 million in new funding from Baring Vostok Private Equity Fund IV, Accel Partners, and existing investors Kinnevik and Northzone. The new funds will be used to further fuel the company’s strong growth throughout Russia and to continue attracting world-class talent.</p>