Russian Vnesheconombank and Adams Street Partners of US Sign Cooperation Agreement

15-7-2013 — /europawire.eu/ — State Сorporation ‘Bank for Development and Foreign Economic Affairs (Vnesheconombank)’ and International Investment Group Adams Street Partners (ASP) entered into an Agreement on Cooperation.

On behalf of Vnesheconombank the Agreement was signed by Deputy Chairman – Board Member Alexandr Ivanov, on behalf of ASP by Director General – Board Member T. Bondurant French.

The Agreement provides for establishing partner relations in expanded access of Russian companies’ to long-term financial resources in the form of direct investments in their charter capital. The parties intend to give high priority to the development of direct investments’ infrastructure in the Russian Federation including the establishment of mutual investment funds.

Top-priority lines of cooperation are in line with the Memorandum on Vnesheconombank’s Financial Policies and ASP standards and provide for implementing projects in infrastructure, energy and resource efficiency, providing support for SMEs, pharmaceutical and medical industry, technologies and innovations as well as other projects that require direct investments.

Adams Street Partners was established in 1972 in the United State of America. The company makes various investments in companies’ capital. In doing this, Adams Street Partners uses private and institutional investors’ funds that are in trust management. Adams Street and Partners’ investors include major pension and sovereign funds, international corporations and private persons. As of early 2013, 22 billion US dollars were managed by Adams Street Partners

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