Cordiant hits $350 million at final close of latest emerging markes loan fund

Cordiant hits $350 million at final close of latest emerging markes loan fund

Cordiant, a leading emerging market private debt fund manager, has raised US $350 million at the final close of its latest debt fund, the Cordiant Emerging Loan Fund IV (CELF IV). The fund’s primary focus will be on senior, secured loans issued to emerging market private sector borrowers, with an emphasis on diversification across countries…

Uniform rules on syndicated lending drafted in Russia

By Andrei Skvarsky. A large group of banks and companies including Sberbank, Deutsche Bank, PricewaterhouseCoopers and Baker & McKenzie have drafted uniform rules on syndicated lending based on Russian law in a bid to do away with legal discrepancies in the current Russian syndicated lending practice.

International private equity firms Siguler Guff and CapMan invest in Russian educational test preparation company

Siguler Guff and CapMan, two international private equity firms, announced last week an investment in Maximum Education, a major Russian provider of educational test preparation services, in exchange for “a significant minority stake.” Siguler Guff declined to disclose any further details of the transaction, but Maximum Education CEO Michael Magkov told East-West Digital News it…

Russian venture fund Life.Sreda seeks to sell assets amid first signs of severe industry contraction

Russian fintech fund Life.Sreda is seeking buyers for the greater part of its portfolio companies, both Russian and foreign, Russian business daily Vedomosti has learned from unnamed industry insiders. The fund intends to concentrate on the development of its most promising project, mobile acquiring startup LifePay. In an exchange with the newspaper, Life.Sreda representative Anna…

Asia Frontier Capital Newsletter – Country Snapshot: Bangladesh

With over 160 million people, a young and cheap labor force and a strategic location between India and China – two of largest engines of global economic growth over the past decade – Bangladesh maintains strong prospects for extended economic growth.

Deutsche Boerse group: Consumer sentiment in Russia lowest for nearly 2 years

By Andrei Skvarsky. Monthly polls of ordinary Russians by MNI Indicators, an intelligence unit of the Deutsche Boerse group, suggest that consumer confidence in Russia has been fizzling out steadily for months and in January hit the lowest mark since the surveys were launched in March 2013.

Runa Capital-led effort raises $3m for Seattle’s LendingRobot

Runa Capital, a Moscow-headquartered global venture firm, has led a funding round in which $3m was raised for Seattle-based startup LendingRobot, an automated investment service for online lending, East-West Digital News Magazine (EWDN) has said.

MNI Indicators: Russian companies slightly more upbeat but overall sentiment negative

By Andrei Skvarsky.  A survey by the Deutsche Boerse group’s intelligence company MNI Indicators suggests there has been slightly more business optimism among Russian companies this month than in December, but that their overall sentiment has remained negative because of the Ukraine-related Western sanctions, low oil prices and the depreciating ruble.

Apple, Valve join ranks of boycotters of Crimea – tech magazine

Technology giant Apple and video game developer Valve have joined the ranks of US companies that have severed their ties with Crimea in compliance with the American sanctions following Russia’s annexation of the peninsula from Ukraine last spring, according to Moscow-based magazine the East-West Digital News (EWDN).