About the Fund

The Fund had been registered by Department of Registrar of Companies of Ministry of Commerce, Industry and Tourism of Republic of Cyprus on June 11, 2007 under the number HE 201612, and had been acting since as International Collective Investment Scheme (ICIS) on the basis of respective law number 47 (1) passed in 1999, and recognition as ICIS by Central Bank of Republic of Cyprus (ref. № IBFSS/ICIS 43/41940 dated June 25, 2007).
In accordance with the Law of Republic of Cyprus “On Alternative Investment Funds” dated July 10, 2014, and directives and circulars of Securities and Exchange Commission of Republic of Cyprus (CySEC) ΟΔ131-2014-01, ΟΔ131-2014-02 and ΕΓ131-2014-30 respectively, Fund had been issued license # LPAIF 82/2014 by CySEC as Self-managed Alternative Investment Fund with Limited Number of Persons (AIFLNP). Further, it had been recognized as eligible for Naturalization by Investment.
Fund consists of four Investment Compartments, managed separately: Real Estate (REIC), Debt Instruments (DIIC), Venture Capital (VIIC), Cyprus Special (CSIC) , each consisting of one or more classes of Participating Shares.

Board of Directors

  • Andrey Kostyuk
    Director, Chairman of the Investment Management Committee

    Entrepreneur and investor with over 20 years of experience in finance and asset management, over 15 years in merchant banking and over 10 years in real estate.

    Ph.D. in taxation, Global Executive Master of Business Administration by Georgetown University/McDonough School of Business и ESADE Business School, Qualified Family Office Professional

    Horizon-2020 expert for European Commission, Mentor for ESADE BAN and Startupbootcamp, Barcelona.

    LinkedIn: https://ru.linkedin.com/in/andreykostyuk

  • Alexey Goryachev
    Executive Director

    Head of YPO Moscow. Ambassador of Skolkovo Business School. Had been awarded a special prize "Master of Business" by EY "Entrepreneur of the Year 2015".

    Co-founder, President of RMG Group (1994-2014). Companies of the group are licensed to offer services on EU securities’ markets, offer asset management services, M&A, PE & VC.
    Had begun his career in Goskomstat in 1989.
    1990-1991 – chief experts of the firts Russian stock exchange.
    1991-1992 – partner and co-founder, director of «Russian Shares».
    1992-1994 – Managing Director of National Investment Fund.

    Graduated as Master in Finance and Management from Kennedy University. Got MBA from Skolkovo EMBA-16. Attended to courses on VC and private investments in Harvard and Berkeley universities.

  • Savvas Themistocleous
    Director, Chief Compliance Officer

    Associate member of the Chartered Institute of Cost and Management Accountants.

    Over 30 years of international experience, working on top management positions in London, Middle East and Cyprus, including various assignments in Europe and USA in Commerce, Industry, Banking and Finance as well as in Land and Property Development.

  • Stelios Americanos
    Chief Legal Officer

    Member of the Cyprus Bar Association, STEP, the Center of International Legal Studies and the International Tax Planning Association.

    Partner with Stelios Americanos and Co LLC and was previously a partner with G. Yiangou & Co Legal Advisors since 1998. Mr. Americanos’ areas of practice include banking, finance, M&A, international trusts, international investment funds, tax consulting, civil litigation and corporate law.

Regulation and Supervision