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About

A team that manages capital by the book

Vesper Capital is the team behind detailed research and forecasts on the Russian bond market — and your access to selected industrial private equity projects.

01

Manage a bond portfolio

An active strategy on the Russian debt market: corporate and government issues rated BBB to AAA, target return — key rate + 4–7% p.a.

02

Structure private equity deals

We select industrial projects with clear economics, structure investor participation and support the project through exit.

03

Share research

Weekly market review, issuer profiles and methodology — the foundation of our decisions.

Vesper Capital in numbers

2022
managing since
$20M
assets under management
4 of 4
years with positive returns
30+
issuers under monitoring
Vesper Capital

Principles

Policy over opinion

Every decision — from admitting an issuer to rebalancing — is described in a policy. This limits emotion and makes results repeatable.

Credit quality first

We do not buy yield at the price of default risk. Rating structure is capped, and leasing and microfinance issuers carry an additional premium.

Liquidity is part of risk

Position size is limited by the issue's average daily turnover. We can always exit without moving the price.

Partner accountability

Portfolio and deal decisions are made by the partners personally, and they answer for results to every investor.

How the management process works

01

Daily

Review of all active limit orders on brokerage accounts. Without it the daily cycle is considered incomplete.

02

Weekly

Market review, review of positions, targets and limit orders, check of portfolio against target parameters. Formal rebalancing.

03

Monthly

Review of return targets, target rating structure and cash share; charts of portfolio structure and dynamics.

04

Quarterly

Mandatory review of portfolio parameters and investor reporting.

Team

Partners who manage capital personally

A small team with direct responsibility for results: partners make portfolio decisions and take part in every private equity deal.

Full Name

Partner, Portfolio Manager

Responsible for the bond strategy: issuer analysis, limits, rebalancing and the weekly market review.

Full Name

Partner, Private Equity

Responsible for industrial projects: sourcing, deal structuring, execution control and investor relations.

Research team

Credit analysis and monitoring

Maintains the issuer database, updates profiles, prepares weekly reviews and monitors limit orders.

Next step

Let's discuss your capital

Leave your contact details and a Vesper Capital partner will reach out within one business day. Or message us directly on Telegram.

This offer is addressed to qualified investors. Minimum ticket — from $500k.

Message on Telegram