Volga River Growth Fund II

Location:

Regional

Project number:

46351

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

PSD disclosed:

17 Jun 2014

Project Description

The EBRD is considering a commitment of up to USD 40m to Volga River Growth Fund II, which targets USD 250m of total capital commitments. The Fund will provide structured debt financing with equity upside (“mezzanine financing”) to companies in Russia/CIS. The Bank’s participation will help mobilise additional private sector investment in the Fund.

Transition Impact

The transition impact of the proposed project will come in particular from the following 2 areas:
1. Institution building and market expansion by supporting the development of the nascent mezzanine financing asset class in Russia.
2. Transfer of skills to companies in Russia/CIS through the Fund Manager’s experience of making a number of similar investments in Russia/CIS.

The Client

New Russia Growth.

EBRD Finance

Commitment to invest up to USD 40 million.

Other investors are expected to be private and institutional investors.

Project Cost

The target size of the fund is USD 250 million.

Environmental Impact

The Fund will be required to implement environmental procedures based on EBRD’s Environmental Procedures for Private Equity Funds which includes adherence to the FI Environmental Exclusion and Referral List, compliance by Investee companies with the applicable national environmental, health and safety and labour legislation, appointment of a member of senior management with overall responsibility for the implementation of environmental procedures, and submission of annual environmental reports to EBRD.

Technical Cooperation

None.

Company Contact

Alexander Abolmasov (Managing Partner)
Email: aa@nrgc.com
Tel: +74956859505

 

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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