Runa Capital invests €3 million in Finnish open source database solution provider MariaDB Corp.

Last week Runa Capital, a venture firm operating globally from its offices in Moscow and San Francisco, announced a €3 million investment in MariaDB Corporation, a global software vendor specializing in high availability, high performance and highly scalable open source database solutions. Headquartered in Espoo, Finland, MariaDB (also known as SkySQL) aims to become “the…

Asia Frontier Capital Newsletter – Country Snapshot: Mongolia

Asia Frontier Capital Newsletter – Country Snapshot: Mongolia

Although it is the least densely populated country in the world, with less than 3 million people living in a land area of 1.5 million km2, Mongolia has the potential to see the greatest growth of any country within the AFC Asia Frontier Universe. Mongolia’s economy is traditionally based on herding and agriculture, but is…

Bain Raising $3bn for New Asia Private Equity Fund

Famed private equity company Bain Capital plans to begin raising funds for a third Asian fund as deals in the region surge. Co-founded by former U.S. presidential candidate Mitt Romney, Bain is reportedly targeting $2.5 billion to $3 billion for the size of the new fund, according to media reports. Further details were not available.…

Hermitage CEO Browder Ordered to Comply With NY Subpoena in Russian Money-Laundering Case

Hermitage CEO Browder Ordered to Comply With NY Subpoena in Russian Money-Laundering Case

A federal judge in Manhattan has ruled that William Browder, co-founder of U.K.-based hedge fund Hermitage Capital Management, will have to comply with a subpoena related to information he provided to federal prosecutors in a money laundering case. U.S. District Court judge Thomas Griesa said Browder will have to travel to New York to sit…

The Greatest Career Mistake

Whether you are seeking a new job, trying to get a startup off the ground, or attempting to scale the corporate ladder, the greatest mistake you are making is very simple, and very avoidable: Doing it by yourself. Some of the greatest minds, leaders, and entrepreneurs have all called upon the help of a Mentor…

HFR: Hedge Funds Sour On Emerging Markets

HFR: Hedge Funds Sour On Emerging Markets

Hedge fund capital invested in emerging markets declined to conclude 2014, falling from the record level established in 3Q14 on a combination of performance losses and investor outflows concentrated in funds with exposure to Russia. The HFRI EM: Russia/Eastern Europe Index declined 18.6% in 4Q14, bringing the 2014 full year loss to 26.5%, making 2014…

Omni Macro Fund Bullish On India, Watching China

Omni Macro Fund was formed in 2007 by Stephen Rosen, previously a prop trader at JP Morgan. The $600 million strategy was up 5.7% in 2014 and is over three percent ahead so far in 2015. Rosen  is supported by Head of Strategy Chris Morrison, also a former prop trader at JP Morgan. In addition…

EBRD and KICB finance improvements for Ak Bermet resort on Lake Issyk-Kul

EBRD and KICB finance improvements for Ak Bermet resort on Lake Issyk-Kul

Lake Issyk-Kul is one of the most famous sights in the Kyrgyz Republic and Central Asia. With appropriate investment, the area has the potential for further promotion as an attractive holiday resort. The European Bank for Reconstruction and Development (EBRD) and KICB, its local partner bank, are supporting further development of this tourist attraction by…

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…