RVC InfraFund, an investment fund established by Russian Venture Capital and SME Bank, the subsidiary of state-owned VneshEconomBank designed to support small and medium-sized enterprises, has teamed up with Luxembourg-based ARC Asset Management to launch a new fund to foster the transfer of technology and know-how between Russia and Italy.

The ISAM SICAV-SIF fund will invest up to €100m ($131.9m) in SMEs with strong potential for international growth.

Michael Ievenko, investment manager of InfraFund, said: “Our company creates [a] new…

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