Please read and accept our Terms and Conditions to access our site.

The Terms and Conditions were updated on 24/03/17.

Terms and Conditions

The information contained on the website is not approved for the public and is only intended for recipients who would be generally classified as 'qualified', 'professional', 'sophisticated', 'accredited', or 'institutional' investors.

No person in any jurisdiction may treat this site as constituting an offer to purchase any shares, nor should any person attempt to purchase shares or interests in any Fund. Access to this website is prohibited from a jurisdiction where; i) the provision of the information is prohibited or the publication or availability of the information would be contrary to local law or regulation (including as a result of the user's nationality, residence or otherwise); or ii) access would constitute an offering or result in the relevant Fund, or Prosperity Capital Management Limited ("PCM"), being subjected to registration or other regulation normally associated with a public offering of securities in such jurisdiction.

This site is updated and maintained by PCM. The information, format, contents of and material contained on this site are the copyright property of PCM and all rights are reserved in relation thereto; no information or material contained on this website may be forwarded to any party, whether directly or via the posting of a link, without the prior express written consent of PCM.

This site contains data and facts on investments which are provided for informational purposes only, nothing on this website shall constitute an offering of any shares or interests in any Fund described herein. Any offering of, or application for, interests in a Fund described or referred to on this website, is made by the Fund itself and is subject to the terms and conditions of the respective Fund's Information Memorandum, constituent documents and the completion of any relevant subscription application. The information in these documents may be different from the information contained on this site. None of PCM, its affiliates or subsidiaries, any fund managed by PCM described herein (each, a "Fund" and collectively, the "Funds"), or any of their directors, officers or shareholders (together "PCM Related Parties") gives any warranty or representation as to the accuracy or completeness of any of the data or information herein.

Neither PCM nor any of the PCM Related Parties shall have any liablility, in any respect, howsoever arising, out of or in relation to the use of this website, or reliance upon the information contained herein, including but not limited to any liability arising due to the inaccuracy, lack of completeness of, or failure to update or correct any information included herein or omitted to be included herein. In exchange for using this site, you agree to indemnify and hold PCM and the PCM Related Parties harmless against any and all claims, losses, liability, costs and expenses (including but not limited to attorneys' fees) arising out of or in relation to your use of this site or from your violation of these terms.

PCM reserves the right at any time without notice (i) to change or withdraw the content or format of any part of this site and (ii) to restrict your access to all or parts of this site. The information on this site is subject to updating, completion, revision and amendment.

The contents of this site are not to be construed as investment, legal or tax advice. Each investor should consult its own counsel, accountant or investment business adviser as to legal, tax and related matters concerning its investment or potential investment. This site does not address tax considerations affecting investors that may arise in their home jurisdictions. Prospective investors are urged to consult their own tax advisers.

Investment in investment vehicles investing in Russia and other FSU countries involves risks not normally associated with vehicles investing in more developed and more politically and economically stable jurisdictions with more sophisticated capital markets and regulatory regimes, such as the United States and Western Europe. Such risks include political, economic and currency risks and the risks associated with investing in underdeveloped legal, regulatory and accounting environments. In addition, the Russian market is volatile and has limited liquidity, transparency and depth. This could result in the relevant investment vehicle, including any Fund, not achieving the desired purchase or sale price for its investments.

Some information contained on this website contains forward-looking statements. These forward-looking statements include, without limitation, statements relating to revenues and earnings. The words "believe", "intend", "expect", "anticipate", "project", "estimate", "predict", "is confident", "has confidence" and similar expressions are also intended to identify forward-looking statements. These forward-looking statements are not historical facts. Rather, these forward-looking statements are based on the current beliefs, assumptions, expectations, estimates, and projections of and about the Russian and FSU markets and the economic conditions in Russia and FSU countries. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the control of PCM and are difficult to predict. Consequently, actual results could differ materially from those expressed, implied or forecasted in these forward-looking statements.

The prices of shares or interests in the Fund(s) and any income from them can go down as well as up and investors may not get back the full amount invested or any amount at all. Past performance is not indicative of future performance and is not a guarantee of future returns. When an investment involves a foreign exchange transaction, it may be subject to fluctuations in currency value.

Privacy Policy

PCM will process personal data relating to customers as described below. It will not use your personal data in any other way without informing you.

PCM will collect information which you provide to it when you enquire about or apply for information about any of the Funds. It will use your personal data for the purpose of considering and administering an application for the purpose of assessing whether you should receive information about the relevant Fund.

You understand that PCM will rely on any information you provide, accordingly, it is important that you provide PCM with accurate information and you expressly warrant that the information provided is true and correct in all respects. PCM may check your details with fraud prevention agencies and, if you provide false or inaccurate information or it suspects fraud, this information may be recorded and shared with other organisations.

Your data may be shared and used by the group of companies to which PCM belongs, the Funds and their service providers. PCM may disclose your data to other legal authorities if required by law or requested by any regulatory agency. You expressly agree and consent to these disclosures.

Your Consent

In using this site, you agree to the terms and conditions set our herein and consent to the collection and use of this information by PCM in the ways described above. Should you require any other information pertaining to the information set out on this website, please contact PCM at:

Prosperity Capital Management Ltd

PO Box 10448
45D Market Street, 2nd Floor, Suite #3202
Gardenia Court, Camana Bay
Cayman Islands, KY1 1004

Phone: +1 345 745 8500
Fax: +1 345 745 8501