Russia New Growth Fund Exceeds Target, Closing at USD 345 million

Russian New Growth Fund held its final closing, reaching US $345 million. The fund, managed by Russian private equity firm, Troika Capital Partners beat its original target by 15 percent. Launched in January of 2006, the fund has successfully secured 18 different investors from all over the world. Of the committed funds, 68 percent come from Europe, 24 percent from Asia and the remainder from firms in the U.S. and Brazil. Some of the limited partners recently disclosed include Alpha Associates, AXA Private Equity, Goldman Sachs Asset Management and LGT Capital Partners.

Russia New Growth Fund, L.P.
The Russia New Growth Fund seeks to make equity investments into medium-sized companies in Russia and the surrounding regions. Working mostly in developing industries such as retail, media and the financial sector, the fund invests in buyouts and growth capital for consumer related industries. The Russia New Growth Fund has made three investments: Russian factory Eurokommerz, the children’s leisure parks Crazy Park and retail chain Modis. The fund was launched in 2006 by Temasek Holdings and Troika Dialog.

Troika Capital Partners (www.troika.ru)
Founded in 2005 in Moscow, Troika Capital Partners focuses on investments in established companies. TCP has offices in London and Kiev.

Retail, consumer and business services, food, healthcare, packaging services and financial logistics and services are its primary markets. With additional investments in the telecommunication and media sectors.

The firm works primarily in Russia and the surrounding region, but has taken interest in Central European companies as well. Its investments range from $30 million to $100 million USD over the course of three to five years.