Troika Russia New Growth Fund, L.P.

Location:

Russia

Project number:

37304

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Approval date:

21 Nov 2006

Status:

Repaying

PSD disclosed:

20 Oct 2006

Project Description

The proposed project is an investment in a FSU-focused private equity fund with a target size of USD 300 million. The Fund will aim to achieve long-term capital appreciation through privately-negotiated transactions in equity of medium-sized companies operating in the countries of Former Soviet Union, primarily Russia, Ukraine and Kazakhstan.

Transition Impact

Transition impact stems from the support of a strategic entry into the private equity business by a key Russian investment firm, and offering of much needed equity finance to Russia, Kazakhstan and Ukraine, while promoting best international standard of business ethics and corporate governance. The proposed project will have significant demonstration effects through sound investments in medium sized, privately-held companies, where the general partner will be actively involved in restructuring and optimisation of the operations, as well as and transferring technical expertise and know-how.

The Client

The Russia New Growth Fund LP is a private equity fund sponsored by the Troika Dialog Group (TDG). The General Partner of the Fund is Troika General Partner Ltd, which is jointly owned by TDG and Temasek Holdings, an Asia investment firm headquartered in Singapore that manages a diversified USD 80 billion portfolio. The Fund will be managed by Troika Capital Partners, the private equity arm of TDG.

EBRD Finance

Commitment to invest USD 35 million.

Project Cost

The maximum size of the Fund is USD 300 million.

Environmental Impact

The Fund will adopt and implement the EBRD’s Environmental Procedures for Private Equity Funds which includes compliance with the EBRD’s Environmental Exclusion and Referral List and provision of an Annual Environmental Report. Investee companies will be required to comply, at a minimum, with national standards for environment, health, safety, and labour regulations.

Technical Cooperation

None.

Company Contact

Mr. Serguei Skvortsov, CEO
Troika Capital Partners
4 Romanov per., 125009
Moscow, Russia

Tel +7 495 2580534
Fax +7 495 2580536

Email: Serguei_Skvortsov@troika.ru

 

Business opportunities

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