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: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

Five Tips For Successfully Marketing Your Hedge Fund

Jan 30 2015 | 9:14am ET

When it comes to the hedge fund industry, the notion of “build it and it will...

 

Editor's Note