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
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
