News Column

Volga River Growth Fund II

June 21, 2014

Project Status : Active Project Location : Russian Federation Country:Regional Project number: 46351 Business sector:Equity funds Public/Private: Private Environmental category: FI Status: Passed concept review, Pending final review PSD disclosed: 17 June 2014 Project Description : The EBRD is considering a commitment of up to USD 40m to Volga River Growth Fund II, which targets USD 250m of total capital commitments. The Fund will provide structured debt financing with equity upside ( mezzanine financing ) to companies in Russia/CIS. The Bank s participation will help mobilise additional private sector investment in the Fund. Transition Impact : The transition impact of the proposed project will come in particular from the following 2 areas: 1. Institution building and market expansion by supporting the development of the nascent mezzanine financing asset class in Russia. 2. Transfer of skills to companies in Russia/CIS through the Fund Manager s experience of making a number of similar investments in Russia/CIS. The Client : New Russia Growth. EBRD Finance : Commitment to invest up to USD 40 million. Other investors are expected to be private and institutional investors. Project Cost : The target size of the fund is USD 250 million. Environmental Impact : The Fund will be required to implement environmental procedures based on EBRD s Environmental Procedures for Private Equity Funds which includes adherence to the FI Environmental Exclusion and Referral List, compliance by Investee companies with the applicable national environmental, health and safety and labour legislation, appointment of a member of senior management with overall responsibility for the implementation of environmental procedures, and submission of annual environmental reports to EBRD. Company Contact : Alexander Abolmasov (Managing Partner) Email: Tel: +74956859505 Business opportunities For business opportunities or procurement, contact the client company. General enquiries : EBRD project enquiries not related to procurement: Tel: +44 20 7338 7168; Fax: +44 20 7338 7380 Email: Public Information Policy (PIP) : The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Project Complaint Mechanism (PCM) : The EBRD has established the Project Complaint Mechanism (PCM) to provide an opportunity for an independent review of complaints from one or more individuals or from organisations concerning projects financed by the Bank which are alleged to have caused, or likely to cause, harm. The Rules of Procedure governing the PCM can be found at, the Russian version can be accessed at Any complaint under the PCM must be filed no later than 12 months after the last distribution of EB

Project completion date : 2015-07-31 12:00:00

Major organization : NEW RUSSIA GROWTH

Address : 15a Leninskiy prospect Moscow, Russia 119071 Website : Contact : Alexander Abolmasov (Managing Partner)

Country :Russian Federation

Email :

Financier : European Bank for Reconstruction and Development (EBRD),

Financier address : Financier: European Bank for Reconstruction and Development (EBRD) One Exchange Square London EC2A 2JN United Kingdom Website :

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Source: TendersInfo (India)

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