Bank Saint Petersburg launches Russian growth fund

The bank is hoping to raise between $30-70m, according to a statement by Moore Management, the fund administration firm that assisted BSPB with its fund launch.

BSPB is domiciled in Jersey and structured as a closed-end vehicle with a typical LP, GP and advisory vehicle setup. It falls under Bank Saint Petersburg's investment division.

Investors
The capital base of BSPB's private equity fund consists mainly of the bank's own capital, alongside commitments provided by its network of business contacts, the firm's legal adviser Walkers said in a statement.

Investments
BSPB will focus on investments in high-growth technology companies in Russia and globally.

People
BSPB Capital – Peter Kiselev (deputy director, private equity).
Walkers – Sophie Reguengo (senior associate).
Moore Management – Kevin Gilley (technical director).

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