About us


Welcome to IC Realty, a regulated Alternative Investment Fund Manager (AIFM) licensed by the Cyprus Securities and Exchange Commission (CySEC). Our license number is AIFM 24/56/2013.

Our strong competence lies in such areas as Portfolio and Risk Management, Fund Administration, AML & Compliance. Our team of professionals is focused on careful selection of investment projects which would provide reasonable yield with tolerable risk to our funds’ investors.

Comparative advantage of IC Realty Ltd team lies in close work with investees. We provide advice on fundraising and better structuring of investment ideas, selecting the best projects among them for our Funds’ investment purposes.

We continually improve our professional skills and know-how by taking part in investment Forums and Conferences to be able to meet new challenges of our fast-changing business environment!


We value the foundation of our personal and business practice as important principles and expect all of our decisions and activities to demonstrate them. A shared acceptance of our values builds a solid foundation for a successful corporation. We see our investors and clients as our partners. We recognize that our success is a direct measure of the trust that our partners have placed on us.

Our mission is to continue helping our partners realize their objectives using a mix of intellectual and financial capital combined with professional excellence and the highest standards of integrity.

As a smaller, family-owned Alternative Investment Fund Management boutique, our uniqueness is our ability to be flexible, balanced, and accessible. Given our size and ownership structure, we are able to rapidly adapt to market, environmental and unexpected changes. Key decisions are made ‘at the table’ in a steadfast and in a tailor-made manner. Our partners reap the benefits of this agility in experiencing less red tape that permeates larger financial institutions.
Our focus has, and always will be the partner. We believe in treating each of our investors in the same manner we would want to be treated, and we strive toward achieving that goal every day. We actively seek to know and understand people. We engage ourselves in building relationships by asking questions and listening, without simply assuming that we know.
IC Realty Ltd has an engrained open-minded and performance-driven culture which encourages leadership, creativity and accountability, with each individual expected to share an owner’s mentality and take personal responsibility for delivering value for investors. In order to deliver exceptional service, IC Realty Ltd strives to attract, develop and retain the best people from many diverse backgrounds and cultures.
We follow the highest standards of corporate governance to earn our customers’ faith and ensure growth for the organization. We are dedicated to following the Laws, Rules and Ethical principles that govern us to provide our partners with the peace of mind they deserve.
IC Realty Ltd seeks to foster a strong culture of teamwork and collaboration with a ‘One Firm’ approach in order to leverage its expertise, resources and network of relationships and ensure that its full range of skills, insights and experience may be used for the benefit of clients and investors.
We accept personal accountability toward our goals and we are willing to do what it takes by being proactive, willing to help, and delivering over-and-above service without a second thought or objection. We invite you to experience the IC Realty Ltd difference. It would be a privilege to serve you.


Our experienced team of highly qualified professionals with international work experience in financial markets, relevant MSc Degrees and Advanced CySEC Certificates provides investment solutions and works in the best interests of our clients. Our people acquire appropriate up-to-date knowledge and relevant practical experience through constant professional development.

Roman Bieliс


Roman has over 15 years’ experience in European financial markets and over 20 years’ experience in Real Estate and Private Equity investments. Under his management, client companies evolved into major players in local industrial markets. He has the reputation of a reliable financial advisor for international and local clients. Roman Bielic has built a large portfolio of successfully implemented projects in sectors such as finance, construction and commercial and residential real estate.

Kypros Neocleous

CFA, General Manager, Portfolio Manager

Kypros Neocleous is the General Manager and Portfolio Manager as well as Board Member of IC Realty Ltd and of IC Realty A1 AIF Umbrella Fund VCIC Ltd. Further, he is a member of the Investment Committee.

Kypros has over 10 years of professional experience in the Republic of Cyprus in the financial services industry . He is an experienced analyst and Portfolio Manager with sound knowledge in research and analysis, strong understanding of investment markets, and experience in product development.

He has occupied managerial positions in large international financial companies and held the position of the fund manager for over four years.

His competencies include fund management for various asset classes, including real estate, fixed income, equities, multi-assets and other alternative investments.

Finally, Kypros is a CFA charterholder. He holds a Masters’ degree in Banking and Finance from Newcastle University, UK and a Bachelors’ degree in Statistics and Insurance Science from University of Piraeus, Greece.

Vladyslav Lisovyi

Risk Manager

Vladyslav is a risk management expert with rich work experience in Foreign Assets. He held positions in international companies in Europe including Invest Consulting, company that is managing 20+ investment funds in Ukraine and Ernst and Young where he gained valuable experience in Risk Management, transaction support and financial analysis. He’s got two Master Degrees in Economics and Management from the leading universities in Ukraine and France.