Tuesday, 21 October 2014
Last updated 28 min ago
Dec 21 2006 | 10:13am ET
Moscow-based Renaissance Investment Management has raised US$200 million for its newly launched RenFin Fund, which is focused on the banking and financial sectors in Russia and the Commonwealth of Independent States.
The RenFin Fund participates in private placements undertaken by banks to raise additional capital needed to develop their strategy and prepare for a future sale. “The fund manager takes board positions, promotes the banks and supports fundraising from international markets,” stated Sergey Bubnov, head of the alternative product group at RIM.
The fund's exit strategies include IPOs or sale to an external investor or via a management buyout.
RIM, which was founded in 2003, currently manages in excess of US$3 billion. RIM is a part of Renaissance Group, an investment bank operating in Russia and the CIS.
Sep 22 2014 | 4:15pm ET
Sep 30 2014 | 9:29am ET