At the end of 2008, the total assets managed by UCP amount to $760 million.

Launch of UCP Enterprise Fund. The Fund`s strategy is to earn total return by investing in a broad range of Russian and foreign instruments.

Alexander Grigoriev has been appointed as General Director of LLC United Capital Partners Advisory.

UCP Private Equity Fund has fully exited from its investment in OJSC Lebedyansky by selling its shares to a group of Russian investors.

UCP Private Equity Fund has fully exited from its investment in OJSC RTS.

UCP Partner Alexander Shemelev has been elected as a member of the RTS Board of Directors.

UCP Private Equity Fund I has increased its stake in OJSC Fashion Continent from 26.25% to 27.75%.

Dmitry Snesar has joined UCP as a Partner and Executive Director. Before moving to UCP, Dmitry Snesar served as a co-Head of Russian Investment Banking at Deutsche Bank.

UCP has headed a consortium of investors sponsoring the MBO of  OJSC Sibur, the largest Russian petrochemical company.

UCP Private Equity Fund I has increased its stake in the OJSC Fashion Continent from 24.4% to 26.25%.

Victoria Lazareva has joined UCP as a Partner and Head of the Private Equity Department. Previously, Victoria was Managing Director of the Corporate Finance department at Deutsche Bank in Russia.

UCP has announced the appointment of Alexey Zabotkin as Managing Director of Investment Strategy. Prior to joining UCP, Alexey was Managing Director on Investment strategy at Deutsche Bank`s Equity Research department.

Following the spinoff of the baby food producer OJSC Progress Capital from OJSC Lebedyansky, UCP Private Equity Fund, now becomes a minority investor in OJSC Progress Capital.

LLC Fashion Continent is reorganized into an Open Joint Stock Company (OJSC). Alexander Koval of UCP has been appointed Chairman of the Board of Directors of OJSC Fashion Continent.

UCP Private Equity Fund has consolidated its minority stake in the fruit juice producer OJSC Lebedyansky Juice.

UCP Private Equity Fund has partially exited from its investment in RTS.