Arc Asset Management and Russian state backed fund of funds RVC InfraFund have launched ISAM Fund to focus on businesses with strong potential for international growth.
Luxembourg-based management company Arc specialises in launching and managing investment funds for SMEs, while RVC is an investment fund launched by Russian Venture Capital and state owned VneshEconomBank’s subsidiary SME Bank.
ISAM Fund will have €100m available to invest in SMEs and will invest through two vehicles focused on equity and bond investments.
The firms said the purpose of the fund was to “open new markets for European, in particular to Italian, and Russian SMEs” and to foster the transfer of technology and know-how between the two countries.
InfraFund investment manager Michael Ievenko said, “Our company creates new opportunity for Russian technology companies to enter international markets and get access to European knowhow and best practices.
“Combined with growing demand of Russian economy for innovations and intention of European companies to expand their operations abroad it helps to build new integration points for technology markets.”
Copyright © 2013 AltAssets