As reported by Reuters (31 October 2012), Richard Branson’s Virgin Group has formed a USD 200 million investment fund together with Russia’s state-controlled nano-technology corporation Rusnano. The VGF Emerging Market Growth fund will invest in mid-cap companies operating i the resource efficiency, consumer sustainability and renewable energy sectors.
Branson also says that Virgin Group may end up investing about USD 1 billion in Russia and stresses the company’s aspirations to establish a mobile phone company in Russia.
Jason Silm, head of agriculture fund management at VTB Capital, has publicised plans by the state-controlled bank to establish an agricultural fund with up to USD 1 billion, which will acquire controlling interests in small companies in the grain and oilseed sector.
An article in Kommersant dated 2 February 2012 compares the size of the agribusiness sector in various countries from the perspective of prices per hectare of agricultural land and wheat crops.
Vnesheconombank chairman Vladimir Dmitriyev informs President Dmitry Medvedev at a meeting on 12 January 2012 that the state-owned bank will set up a EUR 1 billion investment fund with Germany. The fund will focus on financing small and medium-sized businesses in Russia.