Jan 25 (Interfax) - Baring Vostok Capital Partners, a subsidiary of Baring Private Equity Partners, at the end of 2001 formed a new fund called Baring Vostok Private Equity Fund for investment in private companies in Russia, Ukraine and other former Soviet countries. The new fund has $205 million in capital. Its shareholders comprise of U.S., Canadian and Western European pension and insurance funds and investment companies, including ING. The European Bank for Reconstruction and Development and the International Finance Corporation (IFC), the private sector arm of the World Bank Group, are also shareholders. Baring Vostok Private Equity Fund will mostly invest in several of the key industries, with which Baring Vostok already has considerable experience. These include companies that produce and process raw materials (oil, gas, timber and others), telecommunications and hi-tech companies, media firms, consumer goods producers and various other sectors of the economy. Baring Private Equity Partners is a subsidiary of ING Asset Management, which specializes in direct investment. As of September 2001 the Baring Private Equity Partners investment portfolio included investment of $1.2 billion in 161 companies.