Russia Partners launches RP IV fund

RP IV's predecessor closed on $626.4m in March 2009. The firm's second fund (RP II), which closed in 2006, raised $348.3m and included a $10m commitment from IFC.

Russia Partners' maiden fund (RP I) closed on $155m in 1995. RP I and RP II are both fully invested.

The firm has also raised a technology-focused fund, which closed on $93m in 2011.

Russia Partners declined to comment.

Investors
IFC has proposed to commit up to $40m to the fund, with the final amount not exceeding 20% of total investments in the vehicle.

Investments
RP IV will focus on mid-market investments in Russia and the CIS and is aiming to make up to 10 investments over its lifetime.

Equity tickets will typically average around $50m. The fund is targeting a gross IRR of 25%.

People
Ross Goodhart is a principal at Siguler Guff – the parent company of Russia Partners – and COO of the Russia Partners funds.

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