U.S. Government and multilateral institution-backed funds, like private funds, are expected to be self-financing and choose investments based on the prospect of their long-term success.
This list is not comprehensive and will change as more information becomes available. Privately-managed funds are listed alphabetically and are included here for informational purposes only. Inclusion in this list does not constitute U.S. government endorsement of any private fund.
region: NIS.
manager: America First Companies
capitalization: OPIC guarantee: $100 million. Still raising capital.
funds invested: n/a
investment objective: Equity and debt. Interested in start-ups and joint ventures. Approximately $5 to 10 million.
industries: Agriculture, broadly defined. Includes food firms, infrastructure projects, privatization, food storage and distribution facilities.
additional notes:
contact:
Mr. Robert Peyton
America First Companies
1004 Farnam Street
Omaha, NE 68102
Ph: (402) 444 1630
Fax: (402) 345 8966
region: Global.
manager: Allied Capital Advisors
capitalization: OPIC guarantee: $20 million
funds invested:
investment objective: Equity investments in firms sponsored by qualifying U.S. small businesses.
industries: Basic manufacturing and service industries.
additional notes:
contact:
Mr. Cabell Williams II
President
Allied Capital Corporation
1666 K Street, N.W., 9th Floor
Washington, D.C. 20006
Ph: (202) 331 1112
Fax: (202) 659 2053
manager: Small Enterprise Assistance Funds (SEAF), formerly the CARE Small Business Assistance Corporation.
capitalization: U.S. Department of Agriculture: $3,500,000 grant.
funds invested: $737,750 (April, 1995)
investment objective: Equity (minority position), and long-term debt. SEAF funds operate oncommercially-sustainable principles, investing primarily through equity inamounts from $75,000 to $250,000, with an average size of $150,000. Small-to medium-sized businesses of between 15 and 100 employees with majorityRussian ownership and an annual ruble turnover of between $100,000 and $2million are preferred.
industries:Food processing and distribution, "green" enterprises, lightmanufacturing, construction industry suppliers and business serviceproviders.
additional notes:Technical support to investees will be provided through organizationssuch as the Citizens' Democracy Corps, the International ExecutiveService Corps and the Volunteers in Overseas Cooperative Assistance.
contact:
Russia
St. Petersburg 190008
Lermontovsky Prospekt 7, 2nd floor
General Director
David Lingelbach
Ph: ++7 (812) 114 2632
Fax: ++7 (812) 119 6337Thomas C. Gibson
President
Small Enterprise Assistance Funds
1401 New York Ave., N.W., Suite 1000
Washington, D.C. 20005
Tel: (202) 737 8463
Fax: (202) 737 5536
manager: Auberndale Central Europe Realty Management, Inc.`
capitalization: OPIC guarantee: $20 million
funds invested:
investment objective:
industries: Light manufacturing, office, warehouse and distribution-center development projects. additional notes:
contact:
Mr. Noel Gould
Astrum International Corp.
801 Pennsylvania Ave., NW, Suite 1107
Washington, DC 20004
Ph: (202) 543 8386
Fax: (202) 543 8382
manager: Central Asian-American Enterprise Fund, Inc..
capitalization: U.S. Government: $150 million over the next two to three years. Additional funds sought from the private sector for co- investment.
funds invested: $3 million (May, 1995).
investment objective: Equity and debt financing to small and medium sized enterprises that are commercially viable and offer a reasonable prospect for an acceptable rate of return on investment. Investments must be accompanied by local investment component. Joint ventures with financial partipation encouraged, with preference given to U.S. partners but others from Europe and Asia also accepted. Typical investments will range from $500,000 up to $5,000,000.
industries: Enterprises in infrastructural development such as food processing, distribution and transportation, as well as consumer goods and services.
additional notes: Technical assistance will be provided alongside investment. The Fund also administers a small business loan program through the Asia Crossroads Loan Company. Individual loans will range from $1,000 to $50,000 and will have a maturity of up to three years.
contact:
Central Asian-American Enterprise Fund
595 Madison Avenue
New York, NY 10022
Ph: (212) 826 2100
Fax: (212) 826 8844Central Asian-American Enterprise Fund
1, Turab Tula Street
Tashkent 700066
Uzbekistan
Ph: ++7 (3712) 89 11 35
Fax: ++7 (3712) 89 11 38Central Asian-American Enterprise Fund
531, Seyfullina Street
Almaty 480083
Kazakhstan
Ph: ++7 (3272) 637 086
Fax: ++7 (3272) 694 589
Central Asian-American Enterprise Fund
219 Chui Prospect
Bishkek
Kyrgyz Republic
Ph: ++7 (3312) 264 295
Fax: ++7 (3312) 621 230
manager: Defense Enterprise Fund, Inc.
capitalization: Department of Defense: $27 million. Additional $40 million anticipated FY96.
funds invested: Approximately $13 million.
investment objective: Equity and debt. The Fund will make investments only in joint ventures involving privatized enterprises or enterprises that commit in writing to privatization. An enterprise will be considered privatized when greater than 50% of the ownership and control is in the private sector. At least one of the partners in any joint venture should be from a country outside the NIS, with preference given to joint ventures with U.S. involvement. Investments will be diversified among smaller enterprises or spinoff enterprises derived from larger defense enterprises, large enterprises that have converted or are in the process of converting, and start-ups formed by former defense or military personnel. Investments range from $1 to $8 million.
industries: Enterprises that include personnel and/or facilities currently or formerly involved in research, development, production or operation and support of the defense sector of four Republics of the former Soviet Union. Particular emphasis given to facilities which helped to produce weapons of mass destruction, as well as firms associated with the production of command, control and communications equipment for military forces associated with these weapons. additional notes:
contact:
Michael Lehner
Chief Investment Officer
Defense Enterprise Fund
20 Custom House Street Ste. 1040
Boston, MA 02110
Ph: (617) 261 1929
Fax: (617) 261 1935
manager: Daiwa Institute of Research, Ltd.
capitalization: EBRD: $30 million, additional capital sought from private investors.
investment objective: Equity. The Fund is intended to facilitate modernization, expansion and/or restructuring of privatized enterprises. A key criterion is strong management. Investments will range from $300,000 to $3 million.
industries: Enterprises in infrastructural development such as food processing, distribution and transportation, as well as consumer goods and services.
additional notes: Technical assistance will be provided alongside investment. The Fund also administers a small business loan program through the Asia Crossroads Loan Company. Individual loans will range from $1,000 to $50,000 and will have a maturity of up to three years. No hard liquor, tobacco or firearms, must have a western partner.
contact:
Jiro Yamana
Daiwa Institute of Research, Ltd.
15-6 Fuyuki Koto-KU
Tokyo 135
Ph: ++81 (3) 5620 5123
Fax: ++81 (3) 5620 5610
manager: Baring International Investment Management Limited Sovlink-American Corporation, Investment Advisor Tokobank, Local Advisor
capitalization: OPIC guarantee: $180 million.
investment objective: Equity, possibly convertible debt or warrants. The fund will seek whenever possible to invest in companies with foreign currency revenues or substantial export earnings potential. Investments may take the form of corporate partnerships with leading foreign partners, later stage equity financings or investment in newly privatized entities. Investments will range in size from $2 million to $10 million.
industries: About 60% targeted toward natural resource-related companies and infrastructure, including telecommunications. Also light manufacturing, consumer products and services, real estate. additional notes:
contact:
Nancy Curtain
Director, Institutional Group
Richard Sobel
Director, Institutional Group
Baring International Investment Management
155 Bishopsgate
London EC2M3XY
England
Ph: ++44 (171) 214 1708/1871
Fax: +44 (171) 214 1725Douglas P. Warwick, Senior Vice President
Michael Calvey, Vice President
Sovlink-American Corporation
1221 Avenue of the Americas
New York, NY 10020
Ph: (212) 730-4868
Fax: (212) 730-2871Alexei A. Mateev, Managing Director
7, Masha Poryvayeva Street
Moscow 107078, Russia
Ph: ++7 (501) 204-70-44
Fax: ++7 (095) 975-25-78/79
manager: Framlington Investments
capitalization: Approximately $100 million. EBRD: $16 million, IFC: $8 million.
funds invested: Approximately two-thirds.
investment objective: Equity position of anywhere from 10-40% is possible, though 20% is preferred. 80% of the funds invested in the first year will go to companies with largely western control, however, projects will also include those with western minority shareholders. Investments will be between $500,000 - $4 million, with projected average of around $2 million. Projects requiring less than $500,000 can be considered if anticipated future financing requirements will raise the Fund's total contribution above $500,000.
industries:
additional notes: No hard liquor, tobacco or firearms, must have a western partner.
contact:
Gary C. Fitzgerald
Managing Director
Robert Jenkins
Framlington Russian Investment Fund
155 Bishopsgate
London EC2M3XJ
United Kingdom
Ph: ++44 (171) 374-4100
Fax: ++44 (171) 382-6432Connell Gallagher
Investment Analyst
30 Konushkovskaya ul.
123242 Moscow, Russia
Satellite Ph: ++7 (501) 253 4688/253 4689
Local Ph: 253 46 88/89
Satellite Fax: ++7 (501) 253 4679
Local Fax: 253 46 79
managers: Global Environment Management Corp.
capitalization: $70 million. OPIC guarantee: $50 million.
funds invested: Approximately $20 million
investment objective: Equity or equity-related investments. The Fund seeks significant minority positions in operating companies or projects with demonstrated cash flows, significant long-term revenue growth potential and high anticipated margins of profits from operations. Projected rates of return to the investor should substantially exceed the current risk-free return available in individual markets, with additional consideration for risks related to the volatility and convertibility of currency and the degree of liquidity for the investor. Investments of up to $10 million.
industries: Environment-oriented industries, especially those engaged in developing, financing, operating or supplying infrastructure projects related to the delivery of clean energy (natural gas and renewable sources) and potable water; also wastewater treatment.
additional notes: Portfolio companies can arrange for OPIC investment insurance against certain political risks and debt financing for projects that involve significant U.S. ownership.
contact:
Mr. H. Jeffrey Leonard
President
Global Environment Management Corp.
1201 New York Ave., NW Suite 220
Washington, DC 20005
Ph: (202) 789 4500
Fax: (202) 789 4508
managers: American International Group
capitalization: OPIC guarantee: $300 million.
funds invested: n/a
investment objective: Equity investments.
industries: Large infrastructure projects including power, transportation, natural resource development and related industries.
additional notes: n/a
contact:
Mr. Gordon H. Taylor
American International Group
70 Pine Street
New York, NY 10270
Ph: (202) 770 7000
managers: New Russia Small Business Investment Fund, Inc., a wholly owned subsidiary of the non-profit Fund for Democracy and Development. Corporation "NrsbiF", a wholly owned Russian operating subsidiary of NRSBIF.
capitalization: U.S. Department of Agriculture: Additional capital will be raised from private sources.
funds invested: $3,650,000 (July, 1995)
investment objective: Debt. The NRSBIF extends financing to small Russian businsses and Russian-U.S. joint ventures through Russian commercial banks. Businesses normally eligible for NRSBIF support will employ less than 200 employees, have no more than 25% state ownership and have an asset value of less than the U.S. dollar equivalent of $2,500,000. Initially financing will be in rubles, but the Fund hopes to eventually offer dollar financing. Investments currently range from $50,000 to $200,000, in rubles.
industries: Diversified.
additional notes: This program was created to promote sound commercial lending in Russia. Lending is provided through selected Russian commercial banks.
contact:
Jack I. Heller
President
NRSBIF
1501 M Street, N.W.
7th Floor
Washington, DC 20005
Ph: (202) 466 4700
Fax: (202) 223 4826
e-mail: 5628502@mcimail.comVladimir A. Drovossekov
General Director
Corporation "NrsbiF"
Dokuchaev Pereulok #4
107078 Moscow, Russia
Satellite Ph/Fax: ++7 (501) 883 7095
Local Ph: ++7 (095) 975 4982/975 1488/207 8483
e-mail: fddcis@sovam.com
region: NIS, Central & Eastern Europe.
manager: Capital Research International (London)
capitalization: $130 million. EBRD: $25 million. IFC: $8 million.
funds invested: Only one Russian investment as of end 1994.
investment objective: Equity, up to 20% stake. Interested in privatized companies or newly established ventures that have some Western management. Investments range from $5-$15 million.
industries:
additional notes: No hard liquor, tobacco or firearms, must have a western partner.
contact:
Lam Nguyen-Phuong
Vice President
Capital Research International
25 Bedford Street
London WC2E 9HN
Ph: ++44 (171) 257 6700
Fax: ++44 (171) 257 6767
region: Russian Far East and Eastern Siberia.
manager:
capitalization: funds invested:
investment objective: Equity investment in private sector enterprises (maximum 25% state-owned) with up to 5,000 employees. Preferred minimum is $300,000, maximum $1.5 million.
industries: Diversified. additional notes:
contact:
Mr. Martin Nicholls
Regional Fund for Russian Companies in Far East and Eastern Siberia
c/o European Bank for Reconstruction and Development
One Exchange Square
London EC2A 2EH, United Kingdom
Phone: +44 171 338 6269
Fax: +44 171 338 6119
region: Russia/NIS.
manager: PaineWebber Incorporated Mitchell Hutchins Asset Management, Investment Advisor IEC Company, Local Advisor
capitalization: Closed at $155 million in 1994, however, now open for a second subscription for up to $200 million. Fully insured by OPIC. Russian government: $5 million, and has given a $20 million "back- door" guarantee.
funds invested:
investment objective: Equity and quasi-equity securities of both new and expanding enterprises in Russia, including newly privatized. No more than 15% of the Fund's assets will be invested in any one portfolio company nor more than $25% in any one business sector. ventures. Companies with Western strategic partners are considered desireable. The average investment size is $2 to $10 million.
industries: Telecommunications, manufacturing, natural resource processing, pharmaceuticals and consumer goods. No investments that will cause environmental damage in Russia, or that will have a deleterious impact on the U.S. economy.
additional notes: Whenever possible, the Fund will attempt to use its investment to leverage loans from other sources, such as EBRD or the IFC.
contact:
Drew Guff
First Vice President
PaineWebber Incorporated
1285 Avenue of the Americas
New York, NY 10019
Ph.: (212) 713 3214
Fax: 212 713 1087Lauralee Raddatz
Analyst
PaineWebber Incorporated - Russia
Ph.: ++7 (095) 207 9140
Fax: ++7 (095) 925 7917
manager: Small Enterprise Assistance Funds (SEAF), formerly the CARE Small Business Assistance Corporation.
capitalizaion: EBRD: $5 million.
funds invested: SEAF is in the process of making four investments, no dollar amount given (July 1995).
investment objective: Equity (minority position), and long-term debt. Small-to medium-sized businesses of between 15 and 100 employees with majority Russian ownership and an annual ruble turnover of between $100,000 and $2 million are preferred. SEAF funds operate on commercially-sustainable principles, investing primarily through equity in amounts from $75,000 to $250,000, with an average size of $150,000.
industries: Food processing and distribution, "green" enterprises, light manufacturing, construction industry-suppliers and business service providers.
additional notes: Technical support to investees will be provided through organizations such as the Citizens' Democracy Corps, the International Executive Service Corps and the Volunteers in Overseas Cooperative Assistance. No hard liquor, tobacco or firearms, must have a western partner.
contact:
Russia
Nizhny Novgorod 603000
150 Gorky Street, Rm. 707
General Director
John McGuire
Tel: ++7 (8312) 35 42 85
Fax: ++7 (8312) 35 43 45Thomas C. Gibson
President
Small Enterprise Assistance Funds
1401 New York Ave., N.W., Suite 1000
Washington, D.C. 20005
Tel: (202) 737 8463
Fax: (202) 737 5536
region: Smolensk Oblast, Russia.
manager: Siparex
capitalization: $20 million. EBRD: $12 million.
funds invested:
investment objective: Equity of up to 49% of capital. This Fund will concentrate on facilitating modernization, expansion, and/or restructuring of privatized companies. Investments range from $300,000 to $1.2 million.
industries: No hard liquor, tobacco or firearms, must have a western partner.
additional notes: The Fund will provide some technical assistance alongside investment.
contact:
Mr. Philippe Lambert
Investment Manager
Siparex
139 rue Vendome
69006 Lyon
France
Ph: ++33 78 52 41 07
Fax: ++33 78 52 61-63Mr. Henri Oliva
Project Manager
SIGEFI
Vorobiova ul. 17
214015 Smolensk
Ph: ++7 (081) 223 4789
Fax: ++7 (081) 226 0693
region: Russia: St. Petersburg and Leningrad Oblast.
manager: St. Petersburg Regional Venture Fund Management GmbH
capitalization: EBRD: $30 million .
funds invested:
investment objective: Equity investments in private sector enterprises with no more than 25% state ownership and up to 5,000 employees. Investments targets will not necessarily have a foreign partner or hard currency earnings; the fund is expected to focus on enterprises that have a strong position in the domestic market. Preferred minimum investment of $300,000, preferred maximum $3 million.
additional notes: The Fund may also provide some technical assistance along with investment.
industries: No hard liquor, tobacco or firearms, must have a western partner.
additional notes:
contact:
Mr. Wolfgang Engler
Managing Partner
St. Peterburg Regional Venture Fund Management GmbH
Hamburger Allee 2-10
60486 Frankfurt am Main, Germany
Ph: ++49 (69) 79 50 00 24
Fax: ++49 (69) 79 50 00 60
manager: Fleming Investments Ltd.
capitalization: EBRD: $30 million.
funds invested:
investment objective: Equity investments in private sector enterprises with no more than 25% state ownership and up to 5,000 employees. Investments targets will not necessarily have a foreign partner or hard currency earnings; the fund is expected to focus on enterprises that have a strong position in the domestic market. Preferred minimum investment of $300,000, preferred maximum $3 million.
industries: No hard liquor, tobacco or firearms, must have a western partner.
additional notes:
contact:
Mark V. Jarvis
Urals Regional Venture Fund
Fleming Investments Moscow Representative Office
ul. Pushkinskaya 7/5, kv. 4
103009 Moscow, Russia
Ph: ++7 (095) 247 9049
Fax: ++7 (095) 247 9049George S. Horton
Fleming Investments Ltd.
25 Copthall Avenue
London DC2R 7DT
Ph: +44 (171) 638 5858
Fax: ++44 (171) 382 5000/60
manager: U.S. Russia Investment Fund, Inc.
capitalization: U.S. AID grants (total anticipated): $440 m.
funds invested: Anticipated $45 million by end of September on 10-12 projects.
investment objective: The Fund will consider investment proposals from enterprises as long as they are commercially viable and exhibit the potential for growth and profit generation. The business should have a committed and progressive management team and a coherent business plan or thoughtful visison for development. The Fund is chartered to offer financing and managment assistance to privatized Russian enterprises of all sizes. Investments have ranged from $20,000 to approximately $11 million.
industries: Diversified.
additional notes: This fund was formed through a consolidation of the Fund for Large Enterprises in Russia and the Russian-American Enterprise Fund. TUSRIF also has a small business lending program that works through Russian banks and lending institutions to make small loans to small enterprises.
contact:
Project Coordinator
The U.S Russia Investment Fund
17 State Street, 33rd Floor
New York, NY 10004
Ph: (212) 504 0400
Fax: (212) 668-0700Project Coordinator
The U.S. Russia Investment Fund
Tsvetnoy Boulevard, 25/3, 5th Floor
103051, Moscow, Russia
Satellite Ph: ++7 (501) 929-9888
Ph: ++7 (095) 929-9888
Fax: ++7 (095) 929 9828Project Coordinator
The U.S. Russia Investment Fund
Aethyst Hotel, 5A , Tolstogo Street
680000 Khabarovsk
Satellite Ph: ++7 (5090) 160 0088
Satellite Fax: ++7 (5010) 160-0131
Ph: ++7 (421) 233 7549
Fax: ++7 (421) 233 4699
manager: Western NIS Enterprise Fund, Inc.
capitalization: U.S.AID: anticipates capitalizing this Fund with $150 million in foreign assistance appropriations over the next 3-4 years.
funds invested:
investment objective: Equity and debt. The fund will actively seek corporate and financial partners from the U.S., Europe, and elsewhere. The Fund's focus will be on small and medium-sized private and privatizing firms, which may include firms with as many as 2,500 workers, although it is expected that most loans and investments will be aimed at firms that are considerably smaller than this threshold.
industries:
additional notes: The Fund will offer technical assistance alongside investment Additionally, the fund will be encouraged to use its U.S. Government funding to attract other resources for private sector development in the three states.
contact:
Scott Carlson
CEO / Western NIS Enterprise Fund
c/o Latham and Watkins
885 Third Avenue
Suite 1000
New York, New York 10022
Ph: (212) 906-1200
Fax: (212) 751-4864Scott Carlson
President
Natalie A. Jaresko
Western NIS Enterprise Fund
#7 KudriavskyUzviz, 2nd Floor
254053 Kyiv, Ukraine
Ph: ++380 (044) 291 02 80,
291 02 81, 291 02 82
Fax: ++380 (044) 291 02 89
region: Russia.
manager: American Investment Group of Naples
manager:
funds invested:
investment objective: The Fund makes small early-stage investments in Russian projects and in U.S.-Russian joint ventures.
industries:
additional notes:
contact:
Herbert Van Dyke
Chairman
American Investment Group of Naples
ul. Kosmonavt Volkova 14
125299 Moscow, Russia
Ph: ++7 (095) 156 9626
Fax: ++7 (095) 156 9670
manager: Brunswick B.C.
capitalization: Anticipates raising $40 to $50 million.
investment objective: Equity. Maintains active management in its holdings. $200,000 to $600,000.
funds invested: investment objective:
industries: Oil and gas (oil extraction), utilities such as electrical energy and telecommunications, mineral extraction and processing, and fishing fleets.
additional notes:
contact:
Martin Andersson
Brunswick B.C.
Manager
25/3 Tsvetnoy Boulevard
103051, Moscow, Russia
Satellite Ph: ++7 (501) 929 98 00
Local Ph: ++7 (095) 291 6358
Fax: ++7 (501) 929 98 01
manager: Firebird Advisors, Ldc.
capitalization: $40 million.
funds invested: $37 million.
investment objective: Equity. Fund takes small passive positions in largest, most liquid RS cos. Investments range from $500,000 to $2 million.
industries: Oil, gas, utilities, forest products, metals and mining.
additional notes:
contact:
Andrew Tyson
Trident Trust Co.
1 Capital Place
Cayman Islands
(809) 949 0880
(809) 949 0881
region: Russia.
manager: Fleming Investment Management, Ltd., London Brunswick B.C., advisors.
capitalization: $57.1 m. closed-end fund.
funds invested:
investment objective: equity.
industries: Oil and gas, telecommunications, utilities, mining, automotive.
additional notes: Trades on Dublin exchange.
contact:
region: NIS, as well as Eastern Europe and China.
manager: Junction Investors, Ltd. (JIL)
capitalization: $50 million
funds invested:
investment objective: Equity and debt. Preferred investments are small to medium-sized businesses with long-term growth potential. From $1 to $5 million
industries: Infrastructure-related industry, in particular real estate and telecommunications.
additional notes: JIL provides management assistance when necessary, as well as arranges for additional debt and equity funding if needed.
contact:
Thomas R. DiBenedetto
President
Junction Investors, Ltd.
84 State Street, 2nd Floor
Boston, MA 02109
Ph: (617) 248 9600
Fax: (617) 248 9652
region:
manager: Capital International, Inc.
capitalization: $105 million committed. $81 million finalized.
funds invested:
investment objective: Equity, all private placement. Invests with western industral partners.
industries: Diversified.
additional notes:
contact:
Koenraad Foulon
25 Bedford Street
London WC2E 9HM
Ph: ++44 (171) 257 6764
Fax: ++44 (257) 257 67 67
region: NIS.
manager: Newstar, Inc.
capitalization: $20 million.
funds invested:
investment objective: Equity. Preferred candidates are private, small to mid-sized manufacturing enterprises that include a western partner. Newstar plans to be a long-term player. $2 to $5million.
industries: Construction and related industries, food processing and distribution, warehousing, light manufacturing and telecommunications.
additional notes:
contact:
Jeffrey Hammer
Director of Investments
Newstar
Vspolni Pereulok, 19/20
103001, Moscow, Russia
Ph: ++7-(095)-291-8338
Fax: ++7-(095)-291-2926Brad Wegner
Investment Manager
Newstar
1001 Pennsylvania Avenue, N.W.
Suite 480-North
Washington, D.C. 20004
Ph: (202) 783 4155
Fax: (202) 628 5986
region: Russia.
manager:
capitalization:
funds invested:
investment objective: Pioneer will look into long term projects with export potential.
industries:
additional notes: Acquired the First Investment Voucher Fund in April, 1995
contact:
David Tripple
Tim Froth
Pioneer Group Inc.
60 State St.
Boston, MA 02109
Ph: (617) 742 7825
region: NIS, with concentration in Russia.
manager: Providence Capital, NY
capitalization:
funds invested:
investment objective: Equity in small to mid-sized businesses with both strong short-term profit potential and long-term growth potential. $1 to $5 million.
industries: Diversified.
additional notes: Seeks active role on board of directors.
contact:
Herbert A. Denton
Partner
Russia and the Republics Equity Partners LP.
730 5th Avenue
New York, NY 10019
Ph: (212) 888 3200 Fax: (212) 888-3203
Joseph Condon
Chairman
Russia and the Republics Equity Partners LP.
Kamergersky Pereulok 5
Moscow, Russia
Ph: ++7 (095) 247 9051
Fax: ++7 (095) 229 1327
region: Russia., NIS.
manager: San Antonio Capital Management
capitalization: $48 million.
funds invested: Approximately $40 million.
investment objective: Equity and debt. Primarily interested in investments in publicly traded shares.
industries: Oil and gas, power generation and transmission, telecommunications, shipping and transportation, construction amterials, and industry.
additional notes:
contact:
Attention: Marketing Director/Russia Value Fund, L.P.
San Antonio Capital
PO Box 690327
San Antonio, TX
78269-0327
region: Russia.
manager: Trust Company of the West
capitalization: $550 million.
funds invested:
investment objective: Equity and debt. TCW is primarily interested in Russian debt (representing 70% of its Russian portfolio to date), however, it is also interested in privatizing firms. TCW primarily invests along with strategic investors, and views Russian investments as long-term.
industries: 50% of investment is now in the telecommunications industry.
additional notes:
contact:
Trust Company of the West
200 Park Avenue, Suite 2200
New York, NY 10166-0228
Ph: (212) 297-4081
Fax: (212) 297-4079
region: Russia.
manager: Templeton Investment Management, Inc.
capitalization: $60 million.
funds invested:
investment objective: Equity and debt (debt limited to 20% of total assets). Long-term capital appreciation. Templeton is only interested in companies either about to go public or that are already listed. No start-ups, some interest in joint ventures.
industries: Diversified.
contact:
Bill Pingleton
International Marketing Associate
Templeton Worldwide
700 Central Ave., 2nd Floor
St. Petersburg, FL 33701
Fax: (813) 821 7992
region: Ukraine.
manager: Claflin Capital Management
capitalization: Originally $12 million, $30 million now being raised.
funds invested: $5 million in 18 projects.
investment objective: Equity. Ukrainian nationals shouldhave a sizeable share of the venture. Average investment is $250,000, though up to $1.5 million may be considered for portfolio investments .
industries: Companies producing for the local Ukraininan market. The Fund has invested in real estate, food processing, and distribution, among others.
additional notes:
contact:
Valeriy Schekaturov
Ukraine Fund
20 Pushkinskaya, Apt. 26
252004 Kyiv
++380 (44) 228 6216
++380 (44) 228 0916Margaret Daniels
Partner
Claflin Capital
77 Franklin Street
Boston, MA 02110
Ph: (617) 426 6505
Fax: (617) 482 0016