Conglomerate Sistema has formed its third fund collaboration this year, this time in partnership with Russian nanotechnology commercialisation company Rusnano.
Russia-based conglomerate Sistema and Rusnano, the nanotechnology-focused commercialisation arm of the Russian government, launched a $100m private equity fund yesterday aimed at technology companies.
The partners will each hold a 50% stake in the as yet unnamed fund, which has an initial seven-year term that may be extended by an additional three years. The fund is set to be opened to third-party investors at an unspecified date in the future.
Rusnano and Sistema expect the average size of commitments to…
