Prostor Capital II Fund will be established in the next year

Prostor Capital II Fund will be established in the next year At the beginning of the 2014 Prostor Capital team will proceed with establishment of Prostor Capital II with funding capacity of $60M, - Kommersant daily reports with reference to CEO of Prostor Capital Aleksey Solovyev and Fund co-founder Sergey Merkulov claim. Touristic and financial sectors and e-commerce projects will act for Prostor Capital II.

Besides the existing investors another 8-10 Russian and International partners can start establishing a new Fund. According to Mr.Solovyev it is now invested or reserved for particular dealings about 75% of the first fund (its capacity is $20M), the rest 25% will be invested in the second half of the year.

The Fund is intended to pursue a policy of co-investment together with other investors in case the amount of required investments is over $1,5M.
Today the Fund assures that total cost of fund portfolio increases on the average 35% per year, herein a range of companies show 100% growth annually. At the moment the Fund has in portfolio eight companies.

Prostor Capital was founded in 2011 by a group of private investors, among them were Leonid Reiman and Sergey Merkulov. The Fund focuses on investments in fact-growing companies, working in various highly potential segments of IT and Internet markets. Total Fund’` capacity is $20M.

According to Aleksey Solovyev, managing director of the Fund, - “Our aim is to make our investing companies the market leaders, create maximum quantity of successful stories. That is why we always choose companies which have a potential to become a number one in its segment, and we do know how to realize this potential. We believe that due to Prostor Capital`s work there will much more successful entrepreneurial stories on Russian IT market.”

According to Sergey Merkulov, a co-investor and co-founder of Prostor Capital, - “Having an idea to establish Prostor Capital, we wanted to create an optimal venture model for Russian market, which would work for a positive result for all its participants. And we have done it, developing a highly protected strategy, which allows to exclude accidents from our work and to minimize venture risks input and get the best result output. Our minimum program is to continue putting into practice our strategy as part of Prostor Capital II; our maximum program is to increase efficiency coefficient of Russian venture industry on the whole, making it closer to developed countries` level.”





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