RUSNANO initiates selection of the partner for the establishment of the Russian-Israeli investment fund

This fund should become one of the elements of the foreign technology transfer system and will allow to increase the number of Israeli technology-based investment projects which assume localization of production operations in Russian Federation.
The Fund’s target size is US$100 million, up to 50% of which shall be committed by RUSNANO. The rest financing shall be raised by the managing company selected during the tender. The total fund size may be extended up to US$200 million. The additional commitment will also be split 50/50 between RUSNANO and other investors.
According to the tender conditions, managing company to establish the Russian-Israeli investment fund should have appropriate professional knowledge and experience, propose confirmed information about total asset value under management of the management company and/or its partner (partner is a company, which owns not less than 25% of the management company) and confirmed value of the aggregated commitments of the co-investors to contribute in the Fund. Management company should also present projects for the Fund’s pipeline which meet the following criteria:
* Israeli technology;
* Investment size - 3 to 8 mln USD;
* IRR not less than 30%.