Renaissance Capital has announced that it has formed a new unit, Renaissance Investments (RI), to target shorter-term opportunistic investments in Russia and the CIS.
The group will originate, manage and divest of investments in unique situations, ranging from $30mn-$100mn, with a holding period of 6-12 months. Renaissance Capital has earmarked sufficient capital for RI investments for the next two years.
RI will have a team of several top professionals led by Egor Sirota, who joins Renaissance from Alfa-Eco/A1 Investments, and brings with him a wealth of expertise in implementing investments in excess of $500mn, as well as 12 years’ experience in investment activity with Merrill Lynch and Lehman Brothers in New York, and Alfa Group Consortium in Moscow.
“Egor Sirota is a well-known and experienced investment professional in Russia and the CIS. We are confident that his knowledge of these markets and track record will create additional investment opportunities for Renaissance,” said Alexander Pertsovsky, CEO of Renaissance Capital and Renaissance Group in Russia.
Commenting on his appointment, Mr. Sirota said: “As a leading investment bank in Russia and the CIS, Renaissance Capital provides excellent exposure to a wide range of investment opportunities across multiple industries, and therefore serves as a great platform for sourcing opportunities in the asset class in which I specialise.”
Mr. Sirota is a graduate of Leningrad State University, University of Pennsylvania and Harvard Business School.
About Renaissance Capital
Renaissance Capital is a leading investment bank focused on the emerging markets of Russia, Eastern Europe, Central Asia and sub-Saharan Africa. The Firm also offers its clients access to these markets through such as London, New York and Hong Kong. Renaissance Capital has market-leading positions in each of its core businesses - M&A, equity and debt capital markets, securities sales and trading, research, and derivatives. The Firm is building market-leading practices across emerging markets globally in metals & mining, oil & gas and agriculture. Renaissance Capital is part of the Renaissance Group.