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...began in August last year. At that time the group planned to raise up to US$500m, but according to Dmitry Kryukov, managing director of Renaissance Private Equity, the reaction of the potential investors was very positive, and being oversubscribed they decided to increase the target. For Russian funds, this has become something of habit of late: last year Bating Vostok Capital Partners raised a US$1bn fund--as well as being...
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