Finam Technology Fund II, LP

Finam Technology Fund II, L.P. is a $100m private equity fund focused on TMT investments in Russia and the CIS. The sponsor of the Fund will commit its best talent and financial resources to launch the fund in 2010 and believes this will be one of the best years for venture investment in Russia in this decade.

The Fund will target high-growth private companies operating in the TMT sector in Russia. Our goal is to build a well-balanced portfolio across the key sub segments of the TMT market among the companies at different life cycles. The Fund will focus on control stakes of at least 51% in early-stage investments, and will require at least 25%+1 blocking minority in later-stage companies.

Target Fund structure

Target number of deals in Fund8-12
Maximum % of Fund to be invested in single investment20%
Target number of deals completed per year2-3 plus follow-ons
Expected holding period per investment3 – 5 years
Fund Guernsey Limited Partnership
Target Size $60-100 million
Minimum Commitment $5 million
Fund Status Fundraising
Closing First closing Q3 2010; Subsequent closing(s) in Q4 2010
Focus Russian fast growing technology companies
Term 10+2 years
Management Fee 2.0% of commitments during Commitment Period 2.0% of invested capital thereafter
Carried Interest 20%
Preferred Return 8%


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