Oligarg's heirs unveiled US Fund Reductions in Family Office renovated

Badri Patarkatsishvili’s family has set up a firm to run his multibillion-dollar fortune after the Mustachioed Georgian tycoon in 2008 suddenly died in his English mansion. While his heirs were the opportunists looking for a slide of the billionaires, the money manager offered a low profile, with some details on dealing with the wealth he handled at the Geerzovs Authority. Roman Abramovich after the collapse of the Soviet Union. It starts to change. The Patearkatsishvilis family office, Bili Capital, has more than two dozen bets on funds from some of the biggest names in Global Finance, including BlackRock Inc. and Ares Management Corp., revealed on a recently launched website. Patarkatsishvili’s 70-year-old widow, Inna, the de facto head of the family after his death, has also ceded her interest in the firm over the past year, is evident from the register filing. The move coincides with the resolution of a long -standing legal battle over the fortune of the one -time richest man of Georgia, and has led to the son -in -law of Inna, Yevhen Hunyak, 51, the sole shareholder of Bili Capital. As a result, a second-generation member now has one of one of London’s greatest and historically most discreet family offices for the first time. A representative of the Paakarkatsishvili Dynasty, which describes Bili Capital as a multi-generation family office that oversees more than $ 1 billion on assets, did not respond to requests for comment. The revelations barely give insight into one of the biggest fortunes that emerge from Russia’s so -called ‘wild’ 90s’, as the country transitions from communism to a market -based economy. It also makes the once mysterious bili capital more transparent than many other family offices, of which the public profiles often contain a single page website with little information. At least a fifth of individuals among the world’s 500 largest fortunes now have a family office that helps oversee wealth of more than $ 4 billion, according to the Bloomberg Billionaires index. Bili Capital’s “transparency about what they do makes them much more accessible and related to the outside world,” says David Hawkins, founder of Clivenen Advisory, a strategic consulting and reputation management firm for ultra-healthy individuals. “They probably want to make more offers.” Bili Capital’s other fund awards include Silicon Valley Venture Capital Giant Andreessen Horowitz, index fund pioneer Vanguard and Mubadala-supported Fortress Investment Group. It also oversees direct interests in a theme park in Georgia, a mineral water business and a real estate developer serving Miami’s Fisher Island Enclave for the ultra wealth. ‘The Muscle’ Patearkatsishvili began building his fortune in the early 1990s when he teamed up with Berezovsky, one of the most influential oligarchs of that decade, to drive Logovaz car dealer Logovaz. The couple later worked with Abramovich to establish Russian oil giant Sibneft from the state-owned assets, with Berezovsky utilizing his Kremlin connections and Patararkatsishvili run the behind-the-scenes business relations. “Berezovsky was the public face of their alliance, while Badri was the muscle,” says David Lingelbach, who was at the head of Bank of America Corp. in the 1990s and is now a professor in entrepreneurship at the University of Baltimore. “He is such an interesting oligarch as everything about him is so opaque. He was one of the most powerful – if not the most powerful person in Georgia. ‘ In 2001, Abramovich acquired the Sibneft Stakes owned by Patearkatsishvili and Berezovsky for more than $ 1 billion after their relationship with the Kremlin. Berezovsky later unsuccessfully tried to sue Abramovich about the agreement in one of London’s highest profile legal battles, before being found dead in his own English mansion in 2013. Abramovich is worth $ 7.8 billion today, according to Bloomberg’s wealth index. The renovation of Bili Capital comes after years of fighting over the assets of the patriarch, its heirs released to focus on the remaining of the fortune. Since his death, the family has been entangled in several cases, including a $ 3 billion claim in 2008 by Berezovsky, who claimed that part of his former business partner – often in mysterious tax paradise – was rightly belonging to him. Berezovsky withdrew his claim four years later, while the family also successfully repelled a distant family member to position themselves as the heir of Patearkatsishvili. Another case dating back to 2016 was wrapped at the UK’s highest court this year. According to some estimates, the family has recovered at least $ 2 billion from Patekarkatsishvili’s assets, although it is just a fraction of what his total wealth believes at the time of his death. Founded in December 2008, Bili Capital is led by CEO Sergey ershikov and CFO Ilia Demidov, who both previously worked at Russian money shooter Alfa Bank. Like other family offices, the firm is carefully not regulated as it does not manage money for external investors, which limits the transparency requirements. By assigning funds instead of beating transactions under his own name, it can also hold a low profile, while she is long -standing control in Jersey, an area with low tax neighborhoods offering the UK that provides exemption from the disconsolidation of consolidated accounts. A 2022 posts for Bili Capital cited further assets, including a yacht, a fleet of vehicles and several European homes, which underlined how the firm uses the financial affairs and the lifestyle of its owners. The online post has also described the firm that develops a ‘brand’ strategy, indicating how it has been considering its public image for years. “Reputation capital is important,” says Hawkins, who also advises family offices. “This is an essential form of insurance.” In a division entitled ‘Meet Our Family’, the Bili Capital website contains a black-and-white image of Inna accompanied by her two daughters: Liana (45), the founder of an art products company, and IYA (42), a human rights activist. Iya’s husband Hunyak, co-founder of a private children’s tandelan group and Bili Capital’s sole shareholder since September, stand to the right of the three women with a small gap between them. The group all smiles, with no trace of their traumas in the past. © 2025 Bloomberg MP This article was generated from an automatic news agency feed without edits to text.