MOSCOW, August 27 (RIA Novosti) - Marshall Capital Partners (MCP) has completed the first stage of a project to attract $420 million into two direct investment funds, Marcap I and Marcap II, the Russian company said on Wednesday.
The funds were pooled by a consortium of international institutional investors led by AXA Private Equity and Paul Capital Partners.
The Marshall Capital I fund (Marcap I) will spend the funds to buy a part of the asset portfolio currently controlled by MCP, while Marcap II is designed for new investment in various sectors in Russia and the CIS.
"The development of direct investment funds will open up new possibilities for institutional investors, and give an impetus to boost Russian companies seeking extra funding," said Konstantin Malofeyev, MCP managing partner.
Marshall Capital Partners is one of the leading private equity firms operating in Russia and the CIS. The company, serving the interests of foreign and Russian private institutional investors, currently controls assets in various economic sectors of Russia and the CIS worth around $2.5 billion.