Central regions | Finance, business

Nongovernmental pension funds to get incentives for VC investing

11 Jul '18
Russian Venture Company (RVC), the national fund of funds with the mandate to nurture venture investing in Russia, has unveiled a new development strategy.

According to Aleksei Basov, the RVC Investment Director, two new types of funds will be established. One will be aimed at encouraging exits and new investment rounds for later-stage funds, and the other will be new 1st time GP funds.

The former will seek to help companies put off the search for a strategic investor and remain at an investment stage longera way of achieving initial dynamic development all on its own, without influence from a large-scale corporation.

RVC is also launching a separate program aimed at supporting later-stage investing. New funds will focus on investment in companies at the B, and pre-IPO rounds.

Between now and 2020, RVC has plans to set up 10 new funds. It already manages $570m worth of capital in 26 existing funds.

In addition, RVC wants to give Russias nongovernmental pension funds a set of tools and incentives to invest in riskier endeavors than they have to choose today. Such funds currently only have the mandate to invest in very conservative financial instruments, with ROIs barely exceeding the inflation rate in Russia.

Nongovernmental pensions funds currently manage as much as $64bn in assets, and RVC hopes that about 10% of the money will soon find its way into the Russian VC market, thus boosting its capitalization dramatically.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Locations:

Latest News: Central regions
15 Nov '18 | Finance, business | Technology & innovation
14 Nov '18 | Technology & innovation | Finance, business
12 Nov '18 | Technology & innovation | Finance, business
9 Nov '18 | Technology & innovation | Finance, business
 

Feature stories

2 Nov '18
Drawing upon in-depth interviews, the book channels...
27 Aug '18
7 Jun '18
Russian scientists have come up with a new method of...
Search (News archive - 21286)
Advertising
RB_Partners_Report
Advertising
Independent Software Developers Forum
Advertising
Marchmont News

Latest News

15 Nov '18
A start-up of Russian origin has raised investment...
14 Nov '18
Educate Online is developing a Russian online...
13 Nov '18
A team in Ulyanovsk, a city in the mid-Volga area,...

Most read stories from last week

14 Nov '18
Educate Online is developing a Russian online...
15 Nov '18
A start-up of Russian origin has raised investment...
13 Nov '18
A team in Ulyanovsk, a city in the mid-Volga area,...