At the end of 2007, the total assets managed by UCP amount to $1.5 billion.

UCP Private Equity Fund I has increased its stake in OJSC Fashion Continent from 10% to 24.4%.

UCP has announced the appointment of Ilya Sherbovich to the position of President and Managing Partner. Prior to his career with UCP, Ilya served as the President of Deutsche UFG and the Head of the Russian Investment Banking Department of Deutsche Bank in Russia from 2006 to August 2007.

UCP Oil & Gas Private Equity Fund has sold 25% of its interest in LLC Oiltechproducktinvest, Tailixneftegaz and Petra Invest-M which own oil field exploration licenses in the Yuzhno-Zapolyarnoye, Sredne-Chaselskoye, Severo-Russkoye, Anomalnoye, Severo-Yamsoveyskoye and Sapadno-Tazovskoye license zones.

UCP Oil & Gas Private Equity Fund announces the acquisition of shares in LLC Oiltechproducktinvest, Tailixneftegaz and Petra Invest-M which own oil field exploration licenses in the Yuzhno-Zapolyarnoye, Sredne-Chaselskoye, Severo-Russkoye, Anomalnoye, Severo-Yamsoveyskoye and Sapadno-Tazovskoye license zones.

UCP has announced the launch of its Oil & Gas Private Equity Fund. The Fund focuses on small and medium size companies in the oil & gas sector.

UCP Partner Sergey Marinich has become a member of the RTS Board of Directors.

UCP Private Equity Fund I has acquired a minority stake in OJSC Russian Trading System (RTS) and created a consortium of investors with an aggregate control holding of 8.9% of RTS stock.

UCP Private Equity Fund I has finalized the acquisition of a 10% stake in LLC Fashion Continent.

UCP has announced the launch of its first private equity fund, UCP Private Equity Fund I. The strategy of the Fund is to invest in fast-growing, small and midcap private companies.

UCP has moved into new offices at 7 Balchug Street.

UCP has acquired a 10% stake in LLC Fashion Continent, which operates a chain of clothing stores operating under the brand name "INCITY".

Alexey Kushnerov has been appointed Head of Operations of UCP Advisory. Prior to joining the UCP team, Alexey served as the head of UFG depository from 2005 to March 2007.

UCP`s Russia Fund, the first hedge fund of UCP, has begun operations with a strategy of investing in liquid Russian stocks.

Alexander Shmelev has joined UCP as a Partner and Managing Director of the UCP Hedge Fund operations. Prior to joining UCP, Alexander was Managing Director of securities trading at UFG from 1995 to 2006. Later, he served as Managing Director of strategic development department at UFG Asset Management from 2006 to 2007.

LLC United Capital Partners Advisory has been incorporated. UCP Advisory will act as Russian advisor to the UCP group of companies. Maxim Maliev was appointed General Director.