Delta PE aiming for $300M third Russia fund

Delta Private Equity Partners, which backs fast-growing companies in Russia, plans to launch a third fund, this one with a $300 million target, in the next two or three months, PE Week Wire has learned. With offices in Moscow and New York, Delta Private Equity has invested about $400 million in 51 companies through The U.S. Russia Investment Fund established in 1994 and the Delta Russia Fund formed in 2004. The firm is led by the indomitable Patricia M. Cloherty, former co-chairman, president and general partner of Apax Partners Inc. San Francisco-based Denning & Co. has been tapped to assist with marketing.