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Belarusian PE firm Zubr Capital collects $50 mln for debut fund

Belarusian private equity firm Zubr Capital has raised $50 million for its first fund. Its anchor investor is the European Bank for Reconstruction and Development. Zubr Captal Fund I will target private Belarusian companies.


On the 30th June 2016 Zubr Capital, the first Belarusian private equity firm, announced the launch of Zubr Capital Fund I (ZCFI) amounting to USD 50 mln. The Fund plans to make long-term investments for a period of up to 10 years. The European Bank for Reconstruction and Development (EBRD) is the anchor investor of the Fund. Its contribution to ZCFI amounts to USD 12.5 mln and may be increased within the coming year.

ZCFI will target private Belarusian companies. The Fund’s portfolio will comprise 5-7 companies, with a focus on rapidly developing companies in the IT sector, producing consumer goods with high export potential, as well as retail companies. The launch of ZCFI is an important event not only for Zubr Capital but also for the financial market of Belarus as a whole.

“The importance of investments by funds is that they bring both money and expertise,” said Oleg Khusaenov, the CEO of Zubr Capital. “This is the so called “smart money”, that allows companies to grow and develop rapidly. The launch of the Fund in Belarus is the evidence of the country’s financial markets ready and prepared to cooperate with western investors, businesses and experts in various fields. Traditionally the participation of private equity funds in a company is a sort of a mark of quality and a sign of confidence in it.”

The launch of ZCFI will help to increase the attractiveness of Belarus as a destination for investment and will provide Belarusian companies with access to international practices.

Zubr Capital is the first private equity firm, founded in 2010 and specialized in equity investments in private Belarusian companies.

The EBRD is a multilateral bank, dedicated to development of the market economy and to the promotion of private and entrepreneurial initiatives in more than 30 countries from Morocco to Mongolia and from Estonia to Egypt. The Bank is owned by 65 countries, as well as the European Union and the European Investment Bank.