Volga River Growth Fund

Location:

Project number:

40945

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Target board date:

13 Apr 2011

Status:

Signed

PSD disclosed:

11 Mar 2010

Project Description

The proposed project is a regional mezzanine fund with a target size of up to USD 250 million. The primary geographical focus of the Fund will be the Russian Federation but investments will also be considered in Ukraine, Kazakhstan as well as other CIS countries. Target industries will include retail, consumer goods, manufacturing, information technology, entertainment and media. Each investment is expected to be in the range of USD 10-50m.

Transition Impact

The transition impact of the proposed project would come from the following areas: market expansion and development of innovative financing tools in Russia and the CIS, as well as from the demonstration effects from successful restructuring of investee companies and improving transparency and corporate governance standards in the investee companies.

The Client

Volga River Growth Fund L.P. is a Cayman Island limited liability company.

EBRD Finance

Commitment to invest up to USD 50 million. Other investors are expected to include European and US 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, Director,
New Russia Growth
119071, Russia, Moscow, Leninsky Prospect, 15a
E-mail: aabolmasov@nrgc.com
Tel: +7495 6859505

 

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