Albina Nikkonen Russian Private Equity and Venture Capital Market Review 2005 Russian Private Equity & Venture Capital Association
Number of PE & VC Funds in Russia Funds raised and liquidated New funds Liquidated funds Total number of funds
Capitalization of PE & VC Funds in Russia Capitalization of new and liquidated funds Total capitalization New funds Liquidated funds Total capitalization
Sources of Capital 2005 Russian 22% Foreign 78%
Russian Sources 2005 Corporate Investors 13% Private Individuals 7% Government Agencies 45% Commercial Banks 1% Institutional Investors 34%
Russian Sources 2004–2005 Private Individuals Corporate Investors Institutional Investors Commercial Banks Government Agencies $ Mln
Foreign Sources 2005 International Credit Organizations 19% Commercial Banks 15% Institutional Investors 20% Corporate Investors 17% Private Individuals 29% Government Agencies 0%
Foreign Sources Private Individuals Corporate Investors Institutional Investors Commercial Banks Government Agencies International Credit Organization $ Mln
Types of Funds & Management Companies Small funds $0,5 billion -10% 41 funds under 33 companies from $5 to $50 mln Large funds $2,5 billion - 52% 11 funds under 7 companies from $151 to $800 mln Middle funds $1,9 billion - 38% 27 funds under 20 companies from $51 to $150 mln ($ 0.5 – 3 mln) ($ 3 – 10 mln) ($ 5 – 30 mln)
Investment by Industry 2005 Computers related 4,9% Energy 0,4% Financial services 6,5% Industrial equipment 0,4% Chemicals & Materials 0,1% Biotechnology 2% Communications 31,2% Other 21,6% Consumer market related 20,9% Light industries 7,9% Medical/Health related 4,0%
Investment by Stage 2005 Seed & Start-up 4,9% Early stages 6,7% Expansion 62,2% Buyout 26,2% Later stages 0%
$ mln Investment by Stage
Total Number of Companies Invested – 350 companies 2003 – 28 companies 2004 – 43 companies 2005 – 33 companies
Exits Distribution by Percentage of Number of Divestments
III Russian Venture Forum & VIII Russian Venture Fair October 2007 St.Petersburg Russia
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