Almaz Capital Fund III

Location:

Regional

Project number:

49887

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Target board date:

12 Dec 2018

Status:

Signed

PSD disclosed:

02 Nov 2018

Translated version of this PSD: French | Russian

Project Description

The proposed transaction is an equity commitment of up to USD 50 million in favour of Almaz Capital Fund III (the "Fund").

Project Objectives

The Fund will seek to make equity and equity related investments predominantly in early-stage technology based micro, small and medium-sized enterprises in CEE/CIS, with the objective of achieving long-term capital appreciation.

Transition Impact

The Bank's investment will provide long-term financing predominantly to early-stage technology based micro, small and medium-sized enterprises in CEE/CIS, thereby increasing the competitiveness of investee companies and strengthening the resilience of the domestic financial sector by developing alternative sources of funding and expanding venture capital as an asset class.

Client Information

ALMAZ CAPITAL FUND III LP

EBRD Finance Summary

USD 50,000,000.00

Total Project Cost

USD 250,000,000.00

Environmental and Social Summary

Categorised FI (ESP 2014). The Fund will be required to comply with EBRD's Performance Requirements 2, 4 and 9, adopt and implement EBRD's Environmental and Social Risk Management Procedures for Active Equity Funds and to submit Annual Environmental and Social Reports to the Bank.

Technical Cooperation

None.

Company Contact Information

Pavel Bogdanov
pasha@almazcapital.com
+1 650 644 4530
http://www.almazcapital.com
3274 Alpine Road, Portola Valley, CA 94028

 

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