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LARGEST INVESTORS LEAVE RUSSIA

Blackstone is closing its operation due to “disappointments” in the country.

 

Blackstone – one of the largest private invest companies USA decided to stop the operating activity in Russia. The company is disappointed: since the time when its founder Steven Schwartzman joined International Expert Council in Russian Private Equity Fund, the company didn’t sign any deal. Government fund was established three years ago with 10 bln.USD under management.

 

Investgourp, which doesn’t have representative office in Russia, will not prolong contract with local consultants, was announced by The Financial Times. Senior Consultant – Dmitry Kushaev (ex-head of ING Russia Investment Bank and Board of Directors Member in Russ Outdoor (ex News Outdoor). It was said that Blackstone refused to make any more attempts for permanent stay in Russia.