However, over time, Pamplona has diversified its client base. It now manages assets for a wide variety of clients including public pension funds, international wealth managers, multinational corporations, family offices, funds of hedge funds and high net worth individuals.

As of 1 January 2012, Alfa Group had around USD 1.5 bln invested in aggregate in a number of the Pamplona funds, which includes Pamplona Global Financial Institutions Fund, the fund that has taken the 5% stake in Unicredit Spa. Investment decisions relating to these investment funds are taken by Pamplona independently of Alfa. Alfa has no ownership interest in Pamplona.