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Russian private equity firm UFG PE hires former head of EBRD’s St Petersburg office

17 Jun 2009

UFG Asset Management has brought Robert Sasson, the former head of the St Petersburg office of the European Bank of Reconstruction and Development, into the fold as senior managing partner of UFG Private Equity. He will co-head the firm’s Moscow-based private equity business alongside Charles Ryan, chairman of UFG Asset Management.

Prior to joining UFG Asset Management, Sasson worked with a US hedge fund on private equity transactions in Russia and Ukraine. Before that, he was with the European Bank of Reconstruction and Development.

“We are excited that Robert Sasson will co-head the UFG Private Equity team. He brings to UFG Asset Management over 19 years of invaluable Russia and finance experience and an impressive track record, including 15 years working on private equity transactions.” said Charles Ryan, chairman of UFG Asset Management. “At the time, when Russia offers highly attractive private equity investment opportunities to seasoned investors, the credibility and hands-on expertise that Robert adds to UFG will enhance our ability to generate proprietary deal flow and maximise returns to our investors.”

Founded in 1996, UFG Asset Management provides asset management and investment advisory services for both onshore and offshore institutional and private investors wishing to invest in the capital markets of the Russian Federation and the CIS.

UFG’s private equity business has $300m in commitments and funds under management in two funds: UFG Private Equity Fund I and UFG Private Equity Fund II. Since its inception in 2005, the firm has invested over $250m in a portfolio of 13 companies in consumer, food, travel, media and finance with an aggregate transaction enterprise value of nearly $1bn.

UFG Private Equity just had the first closing of its UFG Private Equity Fund II at $150m, and is planning to hold a second and final at the end of the year with the target fund size of $200m. EBRD is one of the largest investors in the UFG Fund II, with up to $50m.

UFG Private Equity invests in companies across Russia and the CIS with particular focus on Russia, Ukraine, Belarus and Kazakhstan.

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