OREANDA-NEWS. March 27, 2015. The Board of Directors approved the strategy of RUSNANO Management Company LLC to become a globally recognized Russia-based management company (general partner), specializing in direct investment (private equity) and venture investment in real-sector high technologies, both in Russia and internationally.

RUSNANO Management Company LLC was set up in 2013 in order to separate management and ownership of the assets of RUSNANO, thus creating a transparent and efficient management system conforming to best international practice in the field of direct investment (private equity), and also creating the necessary conditions for the formation of nanotechnology investment funds under the management or co-management of RUSNANO Management Company LLC. A target has been set to raise at least 150 billion rubles from external investors by 2020 for new investment funds of RUSNANO Management Company LLC.

The Company mission, as defined in the strategy, is to achieve a breakthrough in investments in the Russian high-tech sector by combining home-grown science and technology expertise with best practice of the global private equity and venture capital industries.

In accordance with the stated mission, the principal strategic objectives of RUSNANO Management Company LLC in the period until 2020 are:

  • to create a large investment management company specializing in high technologies on the Russian private equity market
  • to promote the development of the high-tech real sector of the Russian economy
  • to raise substantial public and private funds under the management of RUSNANO Management Company LLC for investment in new projects.

The main task of RUSNANO Management Company LLC is to manage the existing investment portfolio of RUSNANO and thereby foster the establishment of a nanotechnology industry in the Russian Federation. The Management Company is also focused on the formation and management of new investment funds with the participation of RUSNANO and external investors.

Investment funds of RUSNANO Management Company LLC are focused primarily on the following sectors of the economy, which are particularly promising for the development of high technologies:

  • health and biotechnology
  • metallurgy and metalworking
  • power engineering
  • mechanical engineering and manufacture of precision instruments
  • chemicals and petrochemicals
  • electronics and optoelectronics
  • telecommunications
  • materials for construction and industry.

The following investment mandates have been defined for the Management Company in order to systematize the process of investment search and selection:

  • venture capital investments (companies and projects at an early stage of development)
  • investments in companies at the growth stage and in mid-cap companies
  • investments in large-cap companies (including buy-outs).

The Board of Directors also approved the financial plan of RUSNANO Management Company LLC for 2015.

* * *

The Board of Directors approved regulations on committees of the Board of Directors of RUSNANO Management Company LLC (the Human Resources and Remuneration Committee, the Strategy Committee and the Audit Committee), as well as the relevant provisions on remuneration paid to the members of these committees.

The Board of Directors determined that the Strategy Committee should consist of 10 members and appointed Oleg Fedorov, advisor to the head of the Federal Agency for State Property Management and member of the Supervisory Board of the Russian diamond mining company, ALROSA, as a new member of the Strategy Committee.

* * *

The Board of Directors decided to hold an extraordinary general meeting of the shareholders of RUSNANO Management Company LLC and determined the procedure for voting on a number of issues related to the internal operations of the company.