Thu, Feb 11, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

I2BF and RUSNANO Capital launch strategic resources Fund to invest in Russian nanotech market

Wednesday, July 18, 2012
Opalesque Industry update – Rusnano Capital (RNC), the Russian government-owned nanotechnology investment company, and international technology investment group I2BF Global Ventures have announced the launch of the I2BF-RNC Strategic Resources Fund to invest in later-stage nanotechnology companies. The seven-year fund launches with a $53m commitment from its LPs with a target fund size of $150m.

Its remit will be to invest in international nanotechnology that has applications of value within the Russian Federation, with a focus on the resource sector as well as water and agriculture.

“We are delighted to partner with Rusnano Capital on our first late-stage venture fund expanding on I2BF’s existing investment expertise,” says Ilya Golubovich, Managing Partner of I2BF Global Ventures (right). “It is important in a fast-maturing nanotech market that together we are now able to offer expansion capital to larger companies with proven technologies. The opportunities to roll out nanotech applications and also production facilities in Russia are widespread and we will be using our global footprint to channel the best technologies into this market.”

“Agriculture and water supply industries in Russia offer an immense source for growth,” says Irina Rapoport, CEO of Rusnano Capital. “We are planning to capitalize and develop those branches of the economy together with I2BF Global Ventures which has a unique combination of venture industry experience as well as a Russian edge.”

Nanotech applications are increasingly widespread in sectors as diverse as food and agriculture, consumer electronics, energy production and storage, and medicine. Nanoresearch firm Cientifica estimates that since 2000 governments have invested over $65bn in nanotech research. Russia has been a leading player since the creation of Rusnano in 2007. Compound global growth rates in the sector are expected to hit 18% between 2010 and 2013. Part of the attraction of nanotech is increasing the efficiency of materials and processes in an increasingly resource constrained world.

(press release)

I2BF Global Ventures is an international clean technology venture capital firm with a global investment mandate, based in New York. Established in 2005, I2BF manages over USD 200 million across four venture capital vehicles and has completed 19 investments since the first portfolio company investment in 2006. I2BF Global Ventures seeks out game-changing technologies, and to invest in the most innovative and competitive companies targeting sectors and technologies it believes can lead the path to a “Brighter Future”. In keeping with its worldwide investment focus, further to the team in New York, I2BF retains a team of technology and sector experts including renewable energy researchers in London, Moscow and Dubai, www.i2bf.com.

RUSNANO Capital is a subsidiary of OJSC RUSNANO and was established in 2010 for the purpose of fund management and corporate control of RUSNANO investment. Key goals assigned to RUSNANO Capital are innovative technology transfer to Russia and attracting foreign investment capital for co-investment in Russian nanotechnology projects. Total assets under management RUSNANO Capital are $ 1 billion, currently registered and started five investment funds focused on such industry sector’s as medicine and pharmaceutics, "green" technologies and alternative energy, developing new materials.

Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time

  2. Investing - Hedge funds bet on risks in U.S. blue-chip debt, Hedge funds bets against bank credit risk paying off, Tiger Global still likes Internet names, gets pointers from Jeter[more]

    Hedge funds bet on risks in U.S. blue-chip debt From WSJ.com: Hedge funds are betting the next bond sector to crack will be the $4.5 trillion market for the safest U.S. corporate debt. New York’s Perry Capital has placed a $1 billion wager against investment-grade bonds issued by 10 comp

  3. Short Selling - Hedge fund manager Kyle Bass is shorting real estate—again, Top US hedge fund has €80m short position in Paddy Power Betfair[more]

    Hedge fund manager Kyle Bass is shorting real estate—again From Fortune.com: He also predicted the mortgage crisis in 2008. Hedge fund manager Kyle Bass, who runs Dallas-based Hayman Capital, tanked the stock of a little-known real estate financier Friday by revealing that he is shorting

  4. Investing - Real estate secondaries sole 'bright spot' in 2015, As hedge funds stumble, one firm prepares to buy illiquid stakes[more]

    Real estate secondaries sole 'bright spot' in 2015 From IPE.com: The secondary market for property was the sole “bright spot” over the course of 2015, as hedge fund secondaries saw deals fall by two-thirds, according to a wide-ranging survey of the market. Setter Capital said 2015 saw th

  5. Asia - Hedge fund manager Kyle Bass estimates China's foreign reserves below critical level[more]

    From Nasdaq.com: Investor Kyle Bass stepped up his attack on China's currency, arguing in an investor letter distributed Wednesday that the second-largest economy's foreign reserves are "already below a critical level." The comments mark the latest effort by hedge funds and other investors to raise