VIG
3.8%GDP YoY16.3%Property€3.26BFDI2.47%Mortgage

LIVE

Bulgarian Market Pulse — refreshed monthly

Macro indicators plus a district-level Sofia read.

View the pulse

YOUR INVESTMENT JOURNEY

Five steps. Profile to position.

No long forms. No black box. You see exactly what comes next at every stage.

01

Your Profile

Tell us your capital range and time horizon.

02

Choose Product

Pick the product that matches your goals.

03

Path & Plan

See the deal flow from entry to exit, plus a tailored allocation in writing.

04

Fee Structure

Transparent fees. No hidden costs.

05

Final Steps

Sign the SPV docs and fund your position.

Book a Call

A 2-minute assessment — no email required

HOW IT WORKS

One System. Four Stages. Zero Improvisation.

Capital-protected real estate, designed and built and managed and exited under one platform. Same operating system on every project.

01

Source

~100 sourced · 5–8 closed/yr

Off-market scouting and broker networks. About 1 in 15 sourced opportunities reaches execution — every decline is documented.

02

Validate

4 mandatory gates

Smart Deal Filter, Fortress Balance Sheet, Three-Scenario Model, Legal Clearance. Fail one and we decline the deal.

03

Build

Milestone-controlled

Capital releases on title deed and permit milestones — never on calendar. Construction in-house through VIBRIX.

04

Exit

3 realized exits · 100% returned

Three completed project exits (2024–2025) — Lyulin, My Campus Studios, Reconstruction Portfolio — with capital returned in full. 22.4% realized Gross IRR (weighted). Realized and projected reported separately throughout the site.

See the full system

OUR PERFORMANCE

3 exits. Capital returned in full.

Realized and active, shown separately. We do not blend exits with projections.

Realized
3
Completed Exits
Realized
€2.05M1
Realized Profit
Realized
100%
Capital Returned
Realized
22.4%2
Realized Gross IRR

1Realized profit: cash distributed to LPs from closed SPVs.

2Weighted realized Gross IRR across 3 completed exits (2024–2025).

As of: 31 March 2026·Source: Internal management accounts; Mazars 2026 limited-scope review

Realized Results

3exits since 2021

100% capital returned. 22.4% realized Gross IRR (weighted).

€2.05M

Realized Profit

100%

Capital Returned

22.4%

Realized Gross IRR

LATEST EXIT

Lyulin

Q4 2021 – Aug 2025 (45 mo)

41.8%annual

€1.4M

Net Profit

€745K

Capital Deployed

Opportunity-creation play. Consolidated 5 parcels off-market, exited at visa stage. €/m² rose from €196 to €607. 181% ROI on capital.

Read the case study

In Flight — 7 active (projected)

€10.1M active capital€7.0M underwritten profit20–42% target ROI range

Full-cycle exits 2021–2025. Realized returns only. In-flight figures are management underwriting targets, not guarantees.

View full track record

GOVERNANCE & OVERSIGHT

Who stands behind the numbers

Executive Director, legal counsel, external audit. Three independent functions that make the transparency verifiable.

Executive Director

Natalia Stoyanova

Platform operations lead

Runs the platform end-to-end — investor reporting, capital calls, distributions, NAV. Legal and compliance report in through this seat.

Legal Counsel

Gergana Daskalova

22 yrs Bulgarian RE and corporate law

Reviews every SPV formation, contract, and investor position. Legal oversight is in-house — not outsourced.

Audit Partner

To be announcedPending

Target: FY 2025 in Q3 2026

External audit of the fund and SPV structures. Final firm name published once the engagement letter is signed.

VIG operates today as a private fund and project SPVs under Bulgarian commercial law. AIF registration scheduled for Q3 2026 with the Bulgarian FSC.

Capital Protection

How We Protect Your Capital

Three layers built into every deal. Not promises — structures.

SPV Isolation

Every project in a separate legal entity. 9 SPVs live, zero co-mingling.

Milestone-Controlled Capital

Funds release on title deed, permit, certificate. Never on calendar.

Legal Oversight

22 years of RE law in-house. Every doc reviewed before commitment.

How we protect you

Capital at Risk

Realized results cover 3 completed project exits (2024–2025): Lyulin, My Campus Studios, and Reconstruction Portfolio. €2.05M aggregate profit, 22.4% realized Gross IRR (weighted), 100% capital returned. Projected returns for the 7 active projects are management underwriting targets, not guarantees. Realized and projected figures are shown separately throughout the site.

Source: internal management accounts, covered by Mazars 2026 limited-scope review. As of 31 March 2026.

Regulatory Status

VIG operates a private fund and project-level SPVs; it is not yet a regulated financial institution. All investments carry risk, including potential loss of principal. Consult qualified legal, tax, and financial advisors before any investment decision.

AIFMD passport: pending — anticipated Q3 2026. Until then, no cross-border AIF marketing claims apply.

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