Zubr Capital, a Minsk, Belarus-based private equity firm, has closed a new fund, raising $50m.
The European Bank for Reconstruction and Development (EBRD) is the anchor investor of Zubr Capital Fund I (ZCFI) with a contribution amounting to $12.5m, which may be increased within the coming year.
The fund plans to make long-term investments for a period of up to 10 years. The portfolio will comprise 5-7 companies, with a focus on developing companies in the IT sector, producing consumer goods with high export potential, as well as retail companies.
Founded in 2010 and led by Oleg Khusaenov, CEO, the firm has altready invested in Atlant Telecom, AtlantConsult, MTBank and SoftClub.