Siguler Guff on track to hit $750m target for Russian fund


moscow 7_sqPrivate equity firm Siguler Guff is on track to hit the $750m target for its Russian fund this year if the political crisis over Russia’s actions against Ukraine doesn’t deepen.

The firm’s managing director Drew Guff told Bloomberg that the fundraise is “delayed for a bit but we are on track and our target is for $750m.”

“The first closing will be this year, assuming there are no further political problems.”

If the fund reaches its targets, it will be the largest Russia-focused private equity vehicle closed since October 2012 when Baring Vostok raised a $1.5bn fund.

Last month Siguler Guff closed its latest emerging markets fund on $650m.

Siguler Guff BRIC Opportunities Fund III is focused on Brazil, Russia, India and China.

The New York-headquartered firm currently has $10bn of assets under management.

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