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.

Fundraising? Don’t miss our 29th annual PartnerConnect East conference in Boston on March 21-23. This event is packed with more than 200 LPs and 300 fund managers. Click HERE

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