OREANDA-NEWS. September 23, 2010. RUSNANO announces a tender for selecting the partner (managing company) to establish the Russian-Israeli investment fund. This fund should become one of the elements of the foreign technology transfer system and will allow to increase the number of Israeli technology-based investment projects which assume localization of production operations in Russian Federation.

The Fund’s target size is USD 100 million, up to 50% of which shall be committed by RUSNANO. The rest financing shall be raised by the managing company selected during the tender. The total fund size may be extended up to USD 200 million. The additional commitment will also be split 50/50 between RUSNANO and other investors.

According to the tender conditions, managing company to establish the Russian-Israeli investment fund should have appropriate professional knowledge and experience, propose confirmed information about total asset value under management of the management company and/or its partner (partner is a company, which owns not less than 25% of the management company) and confirmed value of the aggregated commitments of the co-investors to contribute in the Fund. Management company should also present projects for the Fund’s pipeline which meet the following criteria:

Israeli technology;

Investment size - 3 to 8 mln USD;

IRR not less than 30%.