The investment objective of the Company is to achieve medium term capital growth through investments in equity and equity-related securities and other instruments ("Investments") of, primarily, banks but also insurance companies and other companies providing financial services ("Financial Institutions") that are located in the Russian Region and are planning to undertake different kinds of initial offerings (private placement, sales to strategic investors and IPOs) in the next two to three years. The Marketing provisions of the BSX restrict this fund to Qualified Investors

BVI registration #1051451