VAISMAN INVESTMENT GROUP

What VAISMAN INVESTMENT GROUP does

Vaisman Investment Group (VIG) is a Sofia, Bulgaria-based vertically integrated real estate investment platform founded in 2021, operating exclusively in Sofia residential real estate across land development, residential development, and fix-and-flip strategies. The company controls the full value chain through seven wholly-owned operational sub-brands: VISTATE handles research, land acquisition, deal origination, and sales; VIDESIGN provides in-house architecture and interior design; VIBRIX executes certified construction and finishing; VIGROW manages community capital and investor relations; VIFLIP, VIDEV, and VILAND execute the three core investment strategies (fix-and-flip, residential development, and land development respectively). Every project is isolated in a separate Special Purpose Vehicle (SPV) under Bulgarian commercial law, with 9 SPVs currently live and zero co-mingling of capital.

The technology stack centers on a proprietary Smart Deal Scoring System that evaluates opportunities across 9 weighted factors, 200+ evaluation points, and 47 data points per deal, combined with a Four Mandatory Gates process (Smart Deal Filter requiring 20% base profitability, Fortress Balance Sheet solvency check, Three-Scenario Model stress testing, and Legal Clearance), producing a 6.5% selection rate (53 reviewed, 9 deployed). Capital is released milestone-controlled (tied to title deed, permits, and certificates rather than calendar dates) and VIG commits its own 10% first-loss equity per project before LP capital is called. AI-assisted pattern matching supports plot identification, and bear/base/best scenario underwriting with stress assumptions (-15% exit price, +20% construction cost, 6-month delay, +200bps financing margin) is published per deal.

VIG makes money through management fees (~2% of invested capital), performance fees/carried interest on profits above hurdle, and SPV co-investment fees. It distributes products through four investor tiers — VIGROW Community Capital (€10K minimum, passive pooled), VICLUB (€50K minimum, direct SPV co-investment), VIPCLUB (€500K minimum, strategic partner with co-decision rights), and an upcoming regulated VIGROW AIF (€200K minimum, Q3 2026 launch under AIFMD/Bulgarian FSC). Customers are MiFID II Annex II Professional and HNW investors, served through a sales-led motion with direct founder access at Private tier and above, monthly live webinar briefings, and a content-led marketing approach anchored by the VIG Register newsletter (1,240 professional readers) and the Bulgaria Market Pulse monthly indicator report.

Name

VAISMAN INVESTMENT GROUP

Legal name

Vaisman Investment Group

Website

https://vig.re

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Vaisman Investment Group is a Sofia-based, vertically integrated real estate investment platform operating exclusively in Sofia residential real estate. Through seven in-house sub-brands controlling land acquisition, design, construction, and capital management, VIG serves MiFID II Professional and HNW investors via project-specific SPVs and pooled funds.

Ownership category

akta.pro rank

Product category

Real Estate Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)

SIC

Real Estate Dealers (For Their Own Account) (6532), Investors, Nec (6799), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Commercial Real Estate Asset Management (BPAJAMAB)

akta.pro secondary industries

Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE), Special Purpose & Alternative Asset Brokerage (BPAJABAH)

Keywords

• Real estate investment
• SPV co-investment
• Fund management
• Property development
• Alternative investment fund

Headquarters

HQ city

Sofia

HQ country

Bulgaria

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Management Fees: Annual management fees charged on committed capital, typically around 2% of invested capital. Part of transparent fee structure disclosed to investors.
2. Performance Fees (Carry): Carried interest on profits above hurdle rate. VIG commits 10% first-loss equity per project before LP capital is called, aligning incentives.
3. SPV Co-Investment Fees: Fees from managing project-specific Special Purpose Vehicles. Each project isolated in separate legal entity with 9 SPVs currently live.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Vaisman Investment Group (VIG Capital) is a vertically integrated Bulgarian real estate investment platform that controls the full lifecycle of Sofia residential real estate projects — from land acquisition and design through construction to capital management and exit. The company originates, structures, and manages project-specific Special Purpose Vehicles (SPVs) and offers qualified investors direct SPV co-investment, pooled fund access, and strategic-partner SPV participation, with a regulated alternative investment fund (AIF) launching Q3 2026.

Product overview

Vaisman Investment Group operates a vertically integrated real estate investment platform focused exclusively on Bulgarian (Sofia) residential real estate. The platform is built around four main sub-brands: VISTATE (research, land acquisition, and sales), VIDESIGN (architecture and interior design), VIBRIX (construction execution), and VIGROW (capital management and investor access). Investment access is provided through three structures: VIGROW Community Capital (passive pooled fund, €10K+), VICLUB (direct SPV co-investment, €50K+), and VIPCLUB (strategic partner SPV, €500K+), with a regulated VIG AIF launching Q3 2026. The platform executes three core strategies: VILAND (land development with entitlement), VIDEV (residential development), and VIFLIP (fix-and-flip asset transformation), all under one operating system with no outsourcing.

Differentiator

Problem solved

Functional benefit

Brands

• VISTATE: Research & Due Diligence, Market research, cadastral analysis, regulatory assessment, opportunity scoring, risk evaluation, land acquisition, deal origination, sponsor relationships, sales and asset management
• VIDESIGN
• VIBRIX
• VIGROW
• VIFLIP
• VIDEV
• VILAND

Products and services

• VIGROW Community Capital Passive pooled investment vehicle providing qualified investors with diversified exposure to VIG's vertically integrated real estate development portfolio. Minimum entry €10,000.
• VICLUB Direct co-investment model via project-specific SPV, allowing investors to participate in individual VIG development projects with €50,000+ minimum entry.
• VIPCLUB Strategic-partner SPV structure for 1–3 strategic partners per project, with €500,000+ minimum entry, offering real co-decision power and governance rights on specific developments.
• VIGROW AIF (VIG AIF) Regulated alternative investment fund providing institutional-grade passive exposure to the VIG model with €200,000+ minimum entry. Subject to regulatory approval by the Bulgarian FSC.
• VIDEV (Sofia Residential Development) Sofia residential development brand selecting, structuring, and executing projects with institutional discipline and technology-first precision across 11 projects totaling €14.8M deployed equity.
• VIFLIP (Asset Transformation) Asset transformation strategy acquiring undervalued residential properties, renovating through the VIG ecosystem, and selling at market premium. Targets 6–15 month cycles with 25% average annual ROI across 13 completed exits.
• VILAND (Land Development) Land development concept acquiring undervalued plots, consolidating neighboring parcels, navigating regulation, and unlocking building parameters for exit at premium. Targets 35% average annual ROI with €2.73M capital deployed across 2 land projects.

Quantifiable outcome

• 22.4% weighted realized Gross IRR across 3 completed exits (2021-2025)
• +4 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered core and minor.

• 5R StudiocoreStrategic or Co-development Partner · 1 January 2024Architectural design partner for Lyulin land development concept. 5R Studio produced full concept design including mixed-use building with 90 apartments, 135 underground parking spots, and 1,100 m² commercial space across 16,650 m² GBA.
• Top RealminorOthers · 1 January 2021Off-market land acquisition partner. VIG acquired five parcels totaling 3,462 m² on Pancho Vladigerov Boulevard in Lyulin 2 from Top Real at €196/m², well below the €300-400/m² range for entitled plots.

Scale indicators14 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• HB Reavis: Central European real estate developer with vertical integration across design, construction, and asset management. Comparable to VIG as an integrated CEE real estate platform, though operating at much larger scale and across multiple asset classes and geographies.
• GTC Group: Central European real estate developer focused on office and retail in CEE capitals. Comparable as a regional peer pursuing institutional-grade development with vertical integration, though at substantially larger scale and broader geographic footprint.
• CPI Property Group: One of the largest real estate groups in CEE with a diversified portfolio across multiple countries and asset classes. Comparable as a vertically integrated real estate platform operating in the broader CEE region, though at substantially larger scale.
• Deka Immobilien: European real estate investment manager managing open and closed-end real estate funds for institutional investors. Comparable as an established fund manager with regulated investment vehicles and institutional capital relationships.
• Patrizia SE: European real estate investment manager with pan-European presence and institutional fund vehicles. Comparable as a fund manager running regulated investment vehicles for institutional and private capital, though at much larger scale.
• Globalworth: CEE-focused real estate investor and asset manager listed on AIM. Comparable as a regional real estate investment manager with institutional capital and fund structures, though focused on commercial rather than residential assets.

Direct peers

• BREF (Bulgarian Real Estate Fund): Bulgarian real estate investment vehicle focused on domestic property assets. Comparable as a domestic Bulgarian real estate fund targeting the same local investor base and assets as VIG.
• AG Capital Bulgaria: Bulgarian real estate developer and investor active in the Sofia residential market. Comparable as a domestic Bulgarian competitor pursuing similar development and investment strategies in the same local market.

Regional players

• CA Immobilien Anlagen: Austrian real estate investment company focused on office properties in CEE capitals including Austria, Germany, and CEE. Comparable as a regional peer with institutional capital and fund structures, though primarily commercial rather than residential.
• S IMMO AG: Austrian real estate investment company with a diversified portfolio across Austria, CEE, and Germany. Comparable as a regional peer pursuing institutional real estate investment strategies in CEE markets, though at substantially larger scale.

Market position

Strengths2 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/vaisman-investment-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VAISMAN INVESTMENT GROUP