Siguler Guff Is On A Roll: Russian Fund Also Approaching Target


Last week, peHUB reported on two Siguler Guff funds-of-funds that are in the final stages of fundraising: It’s second BRIC fund-of-funds and its third distressed fund-of-funds.

The former is within $100 million of its target; the latter has crossed its target by $800 million. Not bad for a crappy market, although massive interest in distressed investing has surely helped.

Today we learned of one more Siguler Guff fund, which has the majority of its commitments in the bank: Russia Partners III. The vehicle, which makes direct equity and equity-like investments, bills itself as “one of the largest pure private equity presences in Russia and the Former Soviet Union.”

Russia Partners III has raised $586.12 million in commitments from 37 investors, according to an SEC filing. The fund has a target of $750 million.

The firm has been investing in Russia since 1991. Prior funds were raised in 1994 and 2004, with $155 million and $335 million in commitments, respectively. For more on the history of the fund, view it’s website.

Drew Guff and Vladimir Andrienko lead the fund’s investment activities.

Connect with your peers at the 9th Annual PartnerConnect West in San Francisco on September 27–28.

Sign up to our Newsletter

Receive updates from our PE HUB Wire and Top Stories of the Week newsletters:

We will not send you spam, and we don't share your email address with 3rd parties.