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Family-anchored FundInvests through funds, not into companiesLAST VERIFIED Oct 2026 · 4 SOURCES

Cyprus-based investment manager (AD Capital (Cyprus) Ltd) for emerging-market equities, mainly Europe; began in 2002 as a single family office for founder Vladimir Vendin.

Family & background

HEADQUARTERS
Pissouri, Cyprus
FOUNDED
2020

Investment approach

GEOGRAPHY
Europe
STRATEGIES
Public equities

Overview

AD Capital (Cyprus) Limited is an investment management group focused on emerging-market equities, mainly in Europe, registered in Pissouri, Cyprus. It began in 2002 with a Russia equity strategy run as a single family office for founding partner Vladimir Vendin and opened to outside investors in 2007 under Anno Domini Capital AG in Switzerland. The manager moved to London in 2014 as AD Capital LLP and later relocated to Cyprus; its principal vehicle is AD Capital GEM Fund Ltd.

Investment thesis

Long-term, multi-strategy approach combining macro-driven industry and country allocation with bottom-up fundamental analysis, aimed at family offices preserving wealth over the long run.

Holdings & investments

INVESTMENT ARMS & VEHICLES

People

  • Vladimir Vendin
    Board of Directors · source
  • Evdokia Georgiou
    Board of Directors · source
  • Dimosthenis Georgiou
    Board of Directors · source

Frequently asked questions

AD Capital AG is a family-anchored fund based in Pissouri, Cyprus, founded in 2020.

AD Capital AG does not publicly state whether it puts its own money into companies or invests through funds. Its stated asset mix includes public equities.

Key people at AD Capital AG include Vladimir Vendin (Board of Directors), Evdokia Georgiou (Board of Directors) and Dimosthenis Georgiou (Board of Directors).