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.
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 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.
The EBRD is proposing to make an equity investment of up to USD 75 million.
The target size of the Fund is USD 750 million at final closing.
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.
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
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
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