Macquarie Russia & CIS Infrastructure Fund

Location:

Russia

Project number:

39222

Business sector:

Transport

Notice type:

Private

Environmental category:

FI

Approval date:

16 Dec 2008

Status:

Signed

PSD disclosed:

29 Aug 2008

Project Description

The EBRD is considering investing up to USD 100 million in the Macquarie Renaissance Infrastructure Fund (MRIF and the “Fund"), a private equity fund dedicated to providing investors with long-term capital returns through a diversified portfolio of equity and equity-related investments in infrastructure projects in Russia, Ukraine and Kazakhstan as well as other CIS countries.

Transition Impact

The transition impact of the proposed project would come from the following areas: institution building and expansion of private equity in the region, promoting a new asset class, restructuring of investee companies and demonstration effects in promoting the best business ethics and corporate governance standards.

The Client

The Fund’s sponsors are Macquarie Capital Funds (Europe) Limited (“Macquarie”) and Renaissance Investment Management (UK) Limited (“Renaissance”).

EBRD Finance

EBRD proposes committing up to USD 100 million in equity in MRIF.

Project Cost

The Fund’s target size is USD 1-1.5 billion.

Environmental Impact

The Fund will implement the EBRD’s Environmental Procedures for Private Equity Funds, customised for application in the infrastructure sectors that the Fund targets.

The customised Procedures will facilitate the identification, mitigation and monitoring of environmental issues associated with investments across the region. The Fund will ensure that no investments are made in companies included on the EBRD’s Environmental Exclusion List, and will report annually to the Bank on the implementation of Environmental Procedures and environmental performance of its investments. Investee companies will be required to adhere at a minimum to local and national (and, where desired by the Bank, EU) health, safety and environmental regulations and standards.

Technical Cooperation

None.

Company Contact

Karen Smith
Corporate Communications
Macquarie Group

Telephone: +44 20 7065 2335
Mobile: +44 (0) 79 1938 2958
E-mail: karen.smith@macquarie.com

Piers Townsend
Head of International Communication
Renaissance Capital

Telephone: +44 207 367 8229
E-mail: PTownsend@rencap.com

 

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

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