Inside Russian Private Equity Funds

In the past decade, the Russian private equity industry has grown substantially, with the number of general partners reportedly doubling and total assets under management rocketing from less than US$500 million to more than US$5 billion. With Russia’s booming economy and burgeoning middle class attracting increasing attention from international investors, the next ten years of private equity fundraising are poised for even greater growth. Christopher Rose of global law firm Squire, Sanders & Dempsey L.L.P. gives aspiring sponsors and prospective investors a look inside the structure of a typical Russia-focused private equity fund and identifies the more significant business and legal issues that arise when forming such funds.