Investing in Russia: Current portfolio of private equity funds and impact of global financial crisis

Journal of Private Equity

Volumn 12, Issue 2, 2009, Pages 77-85

  Musatova, Maria ^a  

^a INSTITUTE OF ECONOMICS AND INDUSTRIAL ENGINEERING   (Russian Federation)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 77956307457     PISSN: 10965572     EISSN: None     Source Type: Journal    
DOI: 10.3905/JPE.2009.12.2.077     Document Type: Article

References (8)

1. As reflected in the Emerging Markets Private Equity Association (EMPEA), "Insight" on CEE/CIS markets, July 2008.
2. As reflected in the Emerging Markets Private Equity Association (EMPEA), "Insight" on CEE/CIS markets, July 2008.
3. Elki-Palki is currently one of the portfolio companies of Alfa Capital Russia.
4. Thus, although funds like Troika and AIG frequently come into the spotlight of private equity news, there is no systematic disclosure on the funds' websites. Therefore, only a few transactions originated by these funds were included in the dataset.
5. Here and further, the data for GDP growth for each industry come from the Federal Agency of Statistics of the Russian Federation.
6. Lion Capital and CEDC acquired 85% of Russian Alcohol, and shortly after that, UFG acquired 5% of the company.
7. Former East Capital Explorer Financial Fund.
8. According to the World Bank and PPIAF, PPI Project Database, in 2006-2007 there were only 22 transactions in the infrastructure sector in Russia, with participation of the private sector (excluding transactions involving Gazprom). The majority of these transactions were associated with restructuring and privatization processes in the energy sector, with a mere two cases of public-private partnerships in transport, and four in the water sector. In 2008, a remarkable case is the construction of the first toll road in Saint Petersburg.