Sunday, 26 April 2015
Last updated 1 day 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…