VTB Capital Investment Management has launched the VTB Capital IM Russia & CIS Debt Fund. The Fund will launch with $40 million and be domiciled in Luxembourg. An additional $15 million of soft commitments have been pledged before yearend.
VTB Capital Investment Management is pleased to announce the upcoming launch of the VTB Capital IM Russia & CIS Debt Fund (the “Fund”) in UCITS IV format. The Fund will launch with USD $40 million and be domiciled in Luxembourg. An additional USD $15 million of soft commitments have been pledged before yearend.
The investment objective is to achieve medium/long-term capital appreciation by investing in a portfolio of Russian and CIS fixed income instruments, denominated in local and international currencies. Investments may include high yield and/or investment grade fixed income securities issued by governments, local municipalities, corporate and other issuers of Russia and/or of other CIS countries, including Eurobonds and convertible bonds.
The Fund is denominated in US dollars and utilizes the same portfolio management team of other award winning VTB Capital Investment Management fixed income strategies with total assets under management (AUM) of more than USD $3.6 billion.
Vladimir Potapov, CEO of VTB Capital Investment Management said: “The launch of a UCITS Debt Fund is a milestone for VTB Capital Investment Management which will enhance our European presence and bring professional investors access to an exciting investment case. It demonstrates VTB Capital’s continued commitment to deliver products that investors are demanding today. Russia & CIS debt markets offer a combination of attractive carry, long-term disinflationary trends and continuously arising opportunities to capture excess returns by applying credit expertise. We believe the Fund will be of particular interest to emerging market investors who want to capture the upside of this region, as well as to global investors who want to diversify their portfolio.”