Almaz Capital Fund III

Location:

Regional

Project number:

49887

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Approval 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

 

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

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