Da Vinci Raises $110M For Ex-Soviet Buyout Fund

May 29 2008 | 9:57am ET

The Da Vinci CIS Private Sector Growth Fund today became the first investment entity to join the Specialist Fund Market, the London Stock Exchange’s new market for alternative investment vehicles.

The fund has raised approximately US$110 million, which it will invest in both non-listed equity and equity-related securities of companies located in Russia and other countries of the Commonwealth of Independent States, which includes a dozen former republics of the Soviet Union.
 
“Da Vinci’s admission to the Specialist Fund Market, together with the formal listing today of BH Global, the second Main Market fund from Brevan Howard, cement London’s position as the public market of choice for hedge funds and other alternative investment vehicles,” Martin Graham, director of equity markets at the LSE, said. He added that the Specialist Fund Market expects to see more funds follow Da Vinci’s lead over the coming months.

BH Global Limited, a newly established feeder fund investing in Brevan Howard Global Opportunities Master Fund, began trading today, and has raised US$1 billion through a listing on the LSE’s main market.

Da Vinci Capital Management, formed in 2007, manages hedge funds, private equity and structured products in the former Soviet Union. The fund’s shares will be admitted to trading under the ticker symbol DVPS.


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of