Published: October 1, 2013
IM Russia & CIS Debt Fund to focus on regional fixed-income assets.
Russian investment bank VTB Capital is to launch a new fund.
The IM Russia & CIS Debt Fund will invest in regional fixed income instruments denominated in local and international currencies. Investments will include high-yield and investment grade securities issued by governments, municipalities and corporates, as well as eurobonds and convertible bonds.
The fund will launch with US$40mn, with an additional US$15mn in soft commitments pledged before 2013 is out. The dollar-denominated fund will be domiciled in Luxembourg.