Baring Vostok, RDIF, RTP Global and Elbrus Capital to Invest up to USD 200 million into Russian Businesses Affected by COVID-19
Baring Vostok, RDIF, RTP Global and Elbrus Capital announced the creation of a joint investment platform of up to USD 200 million. The platform will support promising Russian companies affected by the COVID-19 pandemic across a wide range of industries including retail, consumer goods production and technology solutions. The target level of investment in a company is over RUB 1 billion.
The platform will primarily invest in shareholder capital, as this is one of the most preferred forms of financing for companies seeking financing in response to the fallout from the pandemic. The cooperation and shared experience of key private equity players will help support leading Russian companies with significant potential for growth.