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 was established in the end of 2016. The fund invests in residential development projects in the capitals of 6 CEE and Baltic countries: Czech Republic, Slovakia, Poland, Estonia, Latvia and Lithuania.
YCE Housing I offers a unique opportunity for diversified investing in attractive housing markets in strongly growing economies. The fund works in close co-operation with YIT, a leading housing developer in the fund's target cities.
The fund's equity is approximately 37 MEUR.
During the next few years, the fund is expected to carry out more than
10 projects and develop approximately 1000 apartments to be sold
primarily to private buyers. Investors of the fund include YIT, Ilmarinen
Mutual Pension Insurance Company and several private investment
companies and family offices.
YCE Housing I is closed for new investments.
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 its investors which include institutions as well as high net-worth individuals and family offices. The funds were mainly invested in commercial real estate development projects in the target markets during 2005 - 2010.
As of today, the investments in the Baltic States have been mainly divested very profitably. Vicus continues to own large office and warehouse properties in St. Petersburg and Kiev, respectively. In Moscow, Vicus currently develops a large shopping and entertainment center. All investments in Russia and Ukraine are joint ventures with strong international and local partners.
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.