Russia Partners Fund IV

Location:

Regional

Project number:

45146

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Target board date:

28 May 2014

Status:

Cancelled

PSD disclosed:

03 Apr 2014

Project Description

The EBRD is considering an equity investment of up to USD 75 million in Russia Partners IV (“RP IV” or the “Fund”), a private equity investment fund to be registered as a limited partnership under the laws of Cayman Islands.

RP IV will seek to make equity and equity-related investments in companies operating primarily in Russian Federation but also in the CIS countries.

Transition Impact

The EBRD’s proposed investment is expected to contribute to the promotion of best practices of corporate governance and business conduct within the Fund’s investee companies and in the private equity industry in general. The Bank’s investment is also expected to contribute to the further development of a sustainable private equity industry in the Fund’s target region and demonstrate the attractiveness of private equity financing in such markets, supporting the development of a stable investor base.

The Client

The Fund will be managed by Russia Partners Capital IV GP, LLC, a limited liability company incorporated under the laws of Delaware.

Russia Partners is one of the leading and well-established private equity firms in Russia, with over 40 employees mostly based in Moscow. The firm has managed six private equity funds totalling c. USD 1.25 billion of total commitments, three of which are currently active and have EBRD among their investors.

Russia Partners is an affiliate of Siguler Guff & Company, LP, a multi-strategy US based private equity investment firm, managing over USD 10 billion of assets from institutional and high-net-worth individual investors worldwide.

EBRD Finance

The EBRD is proposing to make an equity investment of up to USD 75 million.

Project Cost

The target size of the Fund is USD 750 million at final closing.

Environmental Impact

Categorised FI: The Fund will be required to comply with the EBRD's Performance Requirement 2 (Labour and Working Conditions) and Performance Requirement 9 (Financial Intermediaries). The Fund will be required to adopt and implement the Bank’s E&S Procedures for Active Equity Investments, adhere to the EBRD's Environmental and Social Exclusion and Referral lists, and submit Annual Environmental and Social reports to the EBRD.

Technical Cooperation

None.

Company Contact

Drew J. Guff, Managing Director
Siguler Guff & Company, LP
825 Third Avenue, 10th Floor
New York, NY 10022
Tel: +1 (212) 332-5100
Fax: +1 (212) 332-5120
Email: drewg@sigulerguff.com

Vladimir Andrienko, Managing Director
Russia Partners Management, LLC
Stoleshnikov per. 14, 2nd Floor
Russia, Moscow, 103031
Tel: +7 495 234 3095
Fax: +7 495 234 3099
Email: vandrien@rp.co.ru

 

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

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Text of the PIP

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.