Baring Vostok believes that financial services are likely to continue to be one of the region’s most rapidly growing sectors, as its banking sector matures and penetration of other financial products increases towards the levels of more developed economies. Since 1994, Baring Vostok funds have invested over $750 million in 11 banks and financial services companies in Russia and Kazakhstan.
The Renaissance Insurance Group

The Renaissance Insurance Group

Nationwide insurance company offering complex business and customer tailored solutions for individual clients
Moscow, Russia
Year of initial investments:
minority stake

The Renaissance Insurance Group is a nationwide insurance company offering complex business and customer tailored solutions for individual clients. The Company was founded in 1997 by the Sputnik Group investment company. According to statistics of Bank of Russia, the company is rated within TOP-10 Russian largest universal insurers based on Written Premium.

Transaction involved companies also include Insurance Company Renaissance Life, Intouch insurance, Insurance Company Blagosostoyaniye, NPF Blagosostoyaniye MNC, Management Company Sputnik — Capital Management and MedCorp medical company.

Other projects


17 July 2012

Expobank switches over to a new technological platform.

Expobank and Center of Financial Technologies Group of Companies have successfully completed the first stage of a large-scale project of transferring the full scope of IT service functions to outsourcing. One of the key project stages has been finished – substitution of the bank’s existing corebanking system with CFT-Bank information complex placed in the facilities of CFT data center.
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>