Group of companies currently managing or advising private equity funds with more than $ 4 billion in assets and portfolio companies operating in Kazakhstan, France, USA, United Kingdom
About us
BPEG helps entrepreneurs and business owners scale their companies rapidly and sustainably.
Working in partnership with management, we aim to build truly exceptional businesses for the long-term benefit of all their stakeholders.
Our team’s culture embraces ambition, meritocracy, transparency and relentless realism.
Investors in BPEG’s funds include more than 50 global institutional investors, primarily sovereign wealth funds, pension funds, university endowments, and funds-of-funds from North America, UK, EU, Middle East, and Asia.
BPEG Funds were among the first to adopt ESG guidelines for investment, working together with early investors in our funds such as the EBRD and IFC. Since 1994, BPEG Funds have incorporated environmental due diligence as part of our investment process and prepared annual reports on portfolio environmental impacts. This is one component of our overall focus on sustainability, which we view as essential to long-term value creation — and financial results.
"
History
The principals of Baring Private Equity Global have been actively investing in private equity opportunities since 1994.
Funds managed or advised by BPEG have raised $ 3 billion of institutional capital, distributed more than $ 6billion in cash to investors, and took 8 portfolio companies public on global stock exchanges (NASDAQ and London Stock Exchange).
5 of these companies later achieved market capitalisations exceeding $ 10 billion.
"
In 2022, BPEG funds took a decision to divest their Russian assets and to focus solely on international investments.
In March 2023, several funds advised by BPEG entered into agreements (subject to regulatory approval) to sell their Russian assets to Vostok Investments, an entity owned by Russian employees of BPEG’s former Moscow affiliate.
"
In 2022, BPEG funds took a decision to divest their Russian assets and to focus solely on international investments.
In March 2023, several funds advised by BPEG entered into agreements (subject to regulatory approval) to sell their Russian assets to Vostok Investments, an entity owned by Russian employees of BPEG’s former Moscow affiliate.
Existing Portfolio
Following the divestment of Russian assets, BPEG Funds will continue to own stakes in several leading international companies, including:
Our team
With BPEG since 2003. From 1998 through 2001, he was employed as a Senior Program Associate at Business for... Show full bio
Michael Calvey was a founder of Baring Vostok and BPEG and has been a co-Senior Partner of the firm since its inception in 1994… Show full bio
With BPEG since 2015. Prior to joining BPEG, Alex worked in the Investment Banking Division of Goldman Sachs in Frankfurt... Show full bio
Senior Fund Administrator. Dave has over 15 years of experience in financial services. Dave has worked at Senior Administration level in... Show full bio
Holly joined BPEG in 2006, and serves as senior legal consultant. She is a lawyer with over 35 years of experience... Show full bio
Galia with BPEG since 2013. Galia's focus on Investor Relations, Portfolio Reporting and Financial Analysis. Prior to joining the BPEG... Show full bio
Fund Director. Julian has over 25 years’ experience in financial services with over 18 years focused on private equity and in... Show full bio
Fund Director. Gillian has over 30 years’ experience in the financial services sector, focused on the management of fund... Show full bio
Martin joined BPEG in 2021 and has over fourteen years of experience in financial services. Martin is a fellow of the Association... Show full bio
Michael Calvey was a founder of Baring Vostok and BPEG and has been a co-Senior Partner of the firm since its inception in 1994. He was the Chairman of the firm’s investment committee for more than 25 years and served on the boards of directors of several portfolio companies. Prior to BPEG, Mr Calvey worked at the European Bank for Reconstruction and Development in London and at Salomon Brothers Inc in New York, principally on oil & gas investments and capital markets transactions. He has a Masters degree in Finance from London School of Economics and a degree in business from Oklahoma University.
David Bernstein
With BPEG since 2003, David is responsible for Investor Relations, Fundraising, Fund Governance, and ESG. From 1998 through 2001, he was employed as a Senior Program Associate at Business for Social Responsibility in San Francisco, where he worked with US multinational companies on labour, environment and community development issues. David has a Bachelor’s Degree in History from Columbia University and a Master’s Degree in International Relations and Economics from Johns Hopkins University School of Advanced International Studies (SAIS).
Alexander Baumgaertner
With BPEG since 2015. Prior to joining BPEG, Alex worked in the Investment Banking Division of Goldman Sachs in Frankfurt and Moscow. He holds a business degree from the Catholic University Eichstaett-Ingolstadt.
Holly Nielsen
Holly joined BPEG in 2006, and serves as senior legal consultant. She is a lawyer with over 35 years of experience in corporate and finance law as a partner with Baker Botts (1992 to 1994), Milbank Tweed Hadley & McCloy (1997 to 2000) and Debevoise & Plimpton (2001 to 2006), as well as an employee of Harvard University for an international capital markets project from 1995 to 1997. Holly has a law degree from Kansas University and an undergraduate degree from Vassar College.
Galia Meier
Galia with BPEG since 2013. Galia's focus on Investor Relations, Portfolio Reporting and Financial Analysis. Prior to joining the BPEG team, Galia worked for the European Bank for Reconstruction and Development (2006 – 2013), Equity Funds team. Galia holds Bachelor Degree in Telecommunications from Tashkent University of Information Technologies.
Julian Timms
Fund Director. Julian has over 25 years’ experience in financial services with over 18 years focused on private equity and in particular closed ended buy-out funds. Before joining BPEG, Julian has worked in Funds’ Administration as Client Director managing a portfolio of Fund Structures comprising Private Equity Funds, Buy-Out Funds, Fund of Funds, Investment Managers and Listed Funds. Julian currently acts as a Director to the BPEG Funds (Guernsey). Julian is a Fellow Member of the Association of Chartered Certified Accountants (“ACCA”).
Gillian Newton
Fund Director. Gillian has over 30 years’ experience in the financial services sector, focused on the management of fund operations and corporate governance, and has been involved with the BPEG Funds since 2017. Gillian has experience as a Director of a portfolio of Private Equity Funds, Investment Managers and Listed Funds in addition to a number of unregulated Guernsey companies acting as investment holding companies. Gillian currently acts as a Director to the BPEG Funds (Guernsey). Gillian is a Chartered Member of the Chartered Institute for Securities and Investments (CMISI). Gillian is also a Chartered Director of the Institute of the Directors.
Martin Down
Martin joined BPEG in 2021 and has over fourteen years of experience in financial services. Martin is a fellow of the Association of Chartered Certified Accountants. Martin’s responsibilities include overseeing the production of financial reporting by the Fund’s administrators; liaising with the Fund’s auditors and Investment Advisor; and producing management information for the Directors of the General Partners.
Dave Brehaut
Senior Fund Administrator. Dave has over 15 years of experience in financial services. Dave has worked at Senior Administration level in various Guernsey Fund Administrators focusing on new fund launch administration and the onboarding of new clients for both onshore and offshore (Guernsey) jurisdictions. Substantial experience in operational aspects of fund administration covering client due diligence, banking and bookkeeping. David holds a certificate in Fund Administration.