Renaissance's Sees Strong Demand For New Fund

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.


In Depth

Q&A: High Conviction, Low Correlation

Oct 30 2014 | 7:35am ET

Acadian Asset Management's numbers are big: over $70 billion in assets under management...

Lifestyle

Ex-Hedgie Steyer Gives $56M To Climate Action Super PAC

Oct 28 2014 | 9:23am ET

Retired Farallon Capital founder Tom Steyer has poured almost $56 million into his...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

The yield curve and stock market response

Traders form habits quickly. Understanding these and their effects can better equip us to decipher actual market moves.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.