Starting from Q2 2025, Maxximus Capital, within the framework of its own capital management strategy, began the transition from the Maxximus Capital Value 50 investment model to the new Maxximus Capital Total Return 50 investment model. As of January 2026, 97% of the capital has been transferred to the new model, which significantly improved the financial performance of Maxximus Capital as a capital manager.
Maxximus Capital is a closed-end fund with no external investors. The operations of Maxximus Capital are carried out solely with the company’s own capital. At the beginning of 2025, the entire capital was divided into units, as Maxximus Capital is preparing for registration as an investment company in the United States. Accordingly, all necessary procedures are being gradually implemented, including the division of capital into units (future shares).
As of January 2025, the value of 1 unit was USD 166.64.
The recorded investment profit for 2025 amounted to USD 59.55 per unit.
Dividends received in 2025 from held positions amounted to USD 7.38 per unit.
Unrealized investment loss from held positions (positions carried over to the next year and to be sold at an appropriate time) was USD –28.68 per unit.
Thus, as of January 2026, the value of 1 unit amounted to USD 197.51, and dividends of USD 7.38 per unit were paid to the fund’s owners.
The total profit of Maxximus Capital for 2025 amounted to USD 38.25 per unit, of which USD 30.87 per unit was received as investment profit and fully reinvested into the fund’s capital, while USD 7.38 per unit was received as dividends from portfolio companies and fully distributed to Maxximus Capital’s owners.
The total return of the Maxximus Capital Total Return 50 strategy for 2025 amounted to 22.95% per annum before taxes, exceeding the initial Maxximus Capital forecast of 15% per annum.