VTB Capital

The partial sale of the Russian hypermarket, in which it invested alongside TPG, netted VTB a 72% IRR.

The Russian firm, which plans to float Tricolor TV in a few years’ time, says the company could be worth more than $1.5bn by 2015.

The partnership between the Russian firm and Italy’s national agency for investment promotion comes as a number of Russo-Italian fund initiatives have sprung up recently.

Successful firms will continue to build on their track record next year, says VTB Capital’s Tim Demchenko, provided they look out for the right opportunities.

VTB Capital has ambitious plans to open several hundred burger restaurants in Russia, having agreed a joint venture with global brand Burger King.

The buyout arm of Russian investment bank VTB has concluded a partial exit of software developer EPAM by floating the business on the NYSE - the first company of CIS-origin to go public in the US since 2004.

VTB Capital has become the second Russian-state backed institution in a week to hire a Goldman Sachs partner, appointing Atanas Bostandjiev as its CEO.

Andreas Boesenberg has left alternatives firm Wermuth Asset Management to join the private equity arm of Russian financial services giant VTB Group.

Companies in transport, logistics, infrastructure and mining are set to be the key recipients of investment.

The fund will seek investments in sustainable food processing and production companies, and agritech businesses across Europe and Australasia.

With just a few days to go until voting closes, the battle to be crowned a winner in PEI’s annual awards is far from over.

The European arm of Sun Capital has made two senior hires and promoted Tim Stubbs to senior managing director

PEI’s annual awards garnered more than 35,000 votes from industry insiders to blend familiar names with some new faces at the top of 2014’s roll of honour

Gemcorp says it has already raised $500m from European institutions for its very broad remit

The deal for the online retailer comes as TPG looks to raise an interim fund of between $1.6bn and $2bn.

On the heels of hiring its investment staff, the $10bn Russian government-backed vehicle has named several private equity heavyweights to its board in preparation for its first investment.