Page 15 - bne_Magazine_February_2019

bne February 2019 Companies & Markets I 15
Kyiv-based company Forbes and Manhattan Ukraine, headed by member of the advisory board of the Canadian bank Forbes & Manhattan Mykhailo Spektor, also announced its intention to participate in the tender.
In addition, Belarusian unitary enterprise Neftebitumen Plant, owned by one of the largest Belarusian oil traders Interservice; Tbilisi-headquartered Georgian International Energy Corporation; and, Kyiv-registered Balance Group (its ultimate beneficial owner is ex-people's deputy Dmytro Kriuchkov,
bne:Funds
Russia's venture capital market to decuple in size to $40bn by 2030 due to pension money bne IntelliNews
Russia's venture capital market is expected to decuple in size to RUB2.7 trillion ($40bn) by 2030, according to the joint strategy of the Russian Venture Company (RVC) and the Ministry of Economic Development, Vedomosti daily said on December 19.
Achieving the ambitious goal would mean increasing the capitalisation of Russian VC funds 10-fold from 2017. The total amount of VC deals would have to jump 25-fold from RUB16.2bn to RUB410bn in 2030, according to the plan.
The RVC plans to bring corporate investors to the VC market, as well as the non-state pension funds (NPFs) that are currently being reformed and re-consolidated. These should become the anchor VC investors with 45% share by 2030. Together with tax rebates and state support this would add RUB960bn to the VC market by 2030. Private investors would bring up to RUB950bn.
The discrepancy between investing the "safe" pension money into risky VC projects will be reconciled by special
detained in Germany in July and suspected of embezzling Zaporizhiaoblenergo funds), were expected to take part in the tender.
Centrenergo consists of three thermal power plants – Vuhlehirska, Zmiivska, and Trypilska. Their combined installed capacity is 7.665 GW, which is 14% of Ukraine's overall power generation capacity. Centrenergo supplies electricity to Kyiv, Kharkiv, and Donetsk regions.
Russia's venture capital market is expected to decuple in size to RUB2.7 trillion ($40bn) by 2030
regulations that would allow NPFs to participate in investment agreements and funds.
The number of projects competing for VC funding would also have to increase dramatically, 2-2.5-fold y/y to 40,000. The think-tanks and experts participating in the drafting of the strategy see this as realistic given current statistics on such parameters as tech graduates and new start-ups.
“The discrepancy between investing the "safe" pension money into risky VC projects will be reconciled by special regulations”
www.bne.eu