TKB BNP Paribas Investment Partners

History

2024: "Pension Holding" sold two management companies from the top 10

At the end of May 2024, it became known that Pension Holding sold the management companies TKB Investment Partners and Progressive Investment Ideas (FDI). These structures are in the top 10 in terms of funds in management in Russia.

It is reported that Pension Holding, owned by Anatoly Gavrilenko, is investing in securities. The main final assets of the company are the share of ownership through an associated company in one of the largest non-state pension funds, as well as investments in units of ZPIF. Until March 2024, the holding, according to the Expert RA rating agency, through a chain of firms owned shares in two management companies, which are one of the largest in the Russian Federation. They paid a significant amount of dividends for more than three years in a row, as a result of which the holding showed high profitability indicators.

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It is known that Gavrilenko sold a share of 49.8% in TKB Investment Partners and Progressive Investment Ideas. The buyer of the assets was the beneficiary of Agana Management Company (co-owned by Gavrilenko in the past) Alexander Kalin. Earlier, he acquired from Gavrilenko a similar stake in Alternative Investments, which, in turn, owns 50% of AS Audit. The latter is the owner of TKB Investment Partners and FDI. In April 2024, Alternative Investments acquired Promising Investments from Pension Holding, which owns the remaining 50% of AS Audit.

The plans of Pension Holding include an increase in the share in the non-state pension fund, which, against the background of the ability of NPFs to pay dividends, "will support the company's financial performance." In addition, the holding is considering the possibility of acquiring the rights of loan claims against a Russian company with the highest credit rating.^[1]

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