презентация о.киселева по роснано капитал 26 мая 2010


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презентация о.киселева по роснано капитал 26 мая 2010

  1. 1. Participation of RUSNANO in Investment Funds of Nanotechnologies May 26th, 2010 1
  2. 2. Reasons for RUSNANO to participate in Investment Funds To attract domestic and foreign investors to innovative projects in Russia To leverage RUSNANO’s investments in order to reach “multiplication” effect for RUSNANO’s funds invested in Russian nanotechnologies To get access to the best investment and technological expertise all over the world To organize an efficient process of technology transfer to Russia To create a financial infrastructure for further development of Russian nano-industry 2
  3. 3. Main requirements of RUSNANO when participating in Investment Funds RUSNANO commits up to 50% of the Fund. The remaining commitments must come from the 3rd party sources. At least 50% of Fund’s investments (RUSNANO’s share) must go to “nano” related projects with establishment of production in Russia. Требования Роснано к фондам Selection of Fund Concepts and Fund Managers on a competitive basis RUSNANO requires a negative control over Fund’s investment decisions to ensure that 2 requirements are met (nanotechnology and establishment of production in Russia) Fund’s target IRR should not be less than 20% 3
  4. 4. Types of Funds with participation of RUSNANO (excl. Rusnano Capital) RUSNANO Funds for small & Industrial & Intergovernmental International Funds medium-size Sectoral Funds Funds projects Funds invest in small and Funds invest in companies Funds are established in Funds are targeted at midcap companies which in particular industries. furtherance of interstate “technology transfer” develop and produce nano Funds are supported by agreements between from a particular region. products. strategic investors and Russian and foreign Usually they are created fund managers with governments Funds are managed by as regional funds. industrial focus. world-class VC fund managers Funds are established in Funds are established in Russian jurisdiction by Russian jurisdiction by Russian fund managers. Russian fund managers. - Skolkovo Fund; - Metallurgy Fund - Russian-Kazakh Fund - DFJ-VTB Aurora - Perm Region Fund; - Russia North Region Fund 4
  5. 5. RUSNANO participation in Funds in numbers (excl. Rusnano Capital) Funds already approved: 6 Total size of approved funds: approx. US$500 million Rusnano’s share in approved funds: approx. US$215 million 5
  6. 6. RUSNANO CAPITAL Overview • RUSNANO Capital is an investment management firm formed by Russian Corporation of Nanotechnologies at the initiative of the government of the Russian Federation and registered in Switzerland • RC mission is to achieve highest returns by investing in advanced technologies, providing access to the Russian market and leveraging Russia’s technological might • RUSNANO Capital • Anchor investor • Access to Russia for global funds and their portfolio companies • Access to Russia’s academic research and R&D expertise • Management of RUSNANO Capital has substantial experience in global asset management and investment banking 6
  7. 7. Key figures From RUSNANO $1 bn Commitment size $2 billion From international $1 bn investors Funds investing period Fourth quarter of 2009 – fourth quarter of 2013 Life 10 years Target IRR 20% - 25% Legal Form Luxembourg SICAR fund or similar jurisdiction 7
  8. 8. Roadmap • Investing alongside global private equity, VC and other high-profile investors • Providing access to untapped Russian market • Direct access to Russian R&D capabilities • Facilitating technology transfer • Commercialization of Russia originated technologies 8
  9. 9. Investment criteria Sector Focus Green, alternative and New materials Pharmaceuticals Biotech renewable energy and technology Fund investments are carried out primarily in expansion stage companies in commercialization or close to commercialization phase 9
  10. 10. Партнеры УК/Фондов International partner selection criteria • History and successful track record in managing PE and VC funds operating in high-technology sector • Established relationships with institutional investor base; ability to raise capital within the required timeline • Experience in emerging markets 10
  11. 11. RUSNANO Capital Board of Directors Two representatives of RUSNANO Corporation  Anatoly Chubais – CEO of RUSNANO Corporation  Oleg Kiselev – Deputy CEO of RUSNANO Corporation A representative of RUSNANO Capital management  Irina Rapoport - General Director of RUSNANO Capital Two independent directors:  Lord Skidelsky – Member, House of Lords  Michael Carter – former World Bank Country Director for Russia, India and the Baltics 11
  12. 12. Механизмы контроля Means of Control All RUSNANO Capital investments should comply with the approved investment strategy • Participation in the Investment Committee • Participation in general partner’s decision making process • Participation on the board of portfolio companies 12
  13. 13. Механизмы контроля THANK YOU! QUESTIONS ARE WELCOME 13