FUNDS

Vicus Capital Advisors is an alternative investment fund manager (AIFM) registered by the Financial Supervisory Authority of Finland. We currently manage two real estate investment and development funds - YCE Housing I LP and Vicus Limited. Our second fund VCA Baltic Retail Fund LP was very successfully wound up in 2016.

YCE HOUSING I

YCE Housing I, established in the end of 2016, invested in residential development projects in the capitals of five CEE and Baltic countries: Czech Republic, Slovakia, Estonia, Latvia and Lithuania. Investors of the fund include YIT, Ilmarinen Mutual Pension Insurance Company and several private investment companies and family offices.

The fund offered a unique opportunity for diversified investments into attractive housing markets in strongly growing economies. The fund operated in a close co-operation with YIT, a leading housing developer in the fund's target cities.

The fund's equity totaled approximately 37 MEUR. Within less than five years from its establishment, YCE Housing I carried out more than ten projects and developed nearly 1,100 apartments. All apartments have been sold and the fund is at liquidation stage. The fund generated an annual equity IRR of approx. 20%.

YCE Housing I is closed for new investments.

VICUS LIMITED

Vicus Limited was established in 2005 with the purpose to invest in the property markets of Russia, Ukraine and the Baltic States. The fund raised equity investments totaling 75 MEUR from investors which include institutional investors as well as high net-worth individuals and family offices.

The funds were invested in commercial real estate development projects in the target markets during 2005-2010. With most investments already divested, Vicus continues to own a minority share in a prominent business center Pulkovo Sky in St. Petersburg and a minority share in the shopping mall 4Daily in Moscow.

Vicus is closed for new investments.

VCA BALTIC RETAIL FUND

VCA Baltic Retail Fund LP, established in 2010, invested in retail development projects in the Baltic States. The fund made its investments during 2010 - 2012 and divested its holdings in 2013 - 2014. The fund yielded a post-fee annual return of 37 % to its investors.

VCA Baltic Retail Fund is closed for new investments.