VIM Investments (formerly VTB Capital Asset Management)

History

2022

VTB acquired the My Device electric scooter rental service for 250 million rubles

VIM Investments (formerly VTB Capital Asset Management) bought the My Device subscription rental service for electric scooters, bicycles and equipment. This became known on December 16, 2022. Read more here.

Russian online educational service Think24 attracted investments from VTB

In mid-September 2022, it became known about the investments attracted by the startup Think24 from the VTB structure of VIM Investments JSC. The transaction was carried out through the open mutual investment combined fund "Fund pre-I & Po 1" under the management of JSC "VIM Investments." Read more here.

2019

VTB and Skolkovo agreed to invest billions of rubles in stronger startups

On October 22, 2019, VTB Capital Asset Management and Skolkovo Ventures announced plans to cooperate in the field of pre-IPO investments by signing an agreement. According to VTB, the goal of the cooperation is to increase the capital of investors in the closed mutual investment fund VTB Capital Pre-iPiO Fund and the development of high-tech industries in Russia. The size of the fund as of October is 10 billion rubles.

Under the terms of the agreement, Skolkovo Ventures will offer the fund promising projects for investment. First of all, we are talking about fast-growing companies in the technology sector. They must have a proven working business model, high financial growth potential and plans to go to an IPO or make a deal with a strategic investor within two to three years.

Skolkovo Ventures will show us the capabilities of companies that it already has in its portfolio. That is, those who have already become residents of Skolkovo and worked with the fund for several years, "said VTB Capital Investments Chief Executive Officer, VTB Senior Vice President, Chairman of the Board of Directors of VTB Capital Asset Management Vladimir Potapov.

Skolkovo Ventures will show VTB Capital pre-iPiO to the fund "the capabilities of companies that it already has in its portfolio" (photo - Andrey Rudakov/Bloomberg) "

The parties also intend to develop cooperation in the field of attracting investors to the fund. It is planned that the fund's shares will be traded on the Moscow Exchange in the investment and innovation market sector. This will provide investors with tax benefits (income tax and personal income tax) and, if necessary, possible additional liquidity.

According to Vladimir Potapov, cooperation with Skolkovo Ventures for VTB Capital Asset Management is an important strategic project.

Through the fund, we provide our clients with alternative opportunities to invest funds with high returns and adequate risks. At the same time, we will be able to participate in the growth of new sectors of the Russian economy, the development of high-quality companies that have ambitions to conduct further public placements, "Potapov explained.

He also drew attention to the fact that there is currently a deferred offer of quality projects ready for IPO, while there is a shortage of professional investors working in this niche. Potapov noted that in order to invest in companies ready for public offering, VTB Capital Pre-iPiO Fund was created in 2019. He added that the cooperation envisaged by the agreement with Skolkovo Ventures is based on the successful experience of working with VTB Capital Asset Management.

Let me give you an example. At one time, we bought the Vist Group company. This company was offered to us by Skolkovo Ventures. We will cooperate on the same model now, "Vladimir Potapov told TAdviser.

In turn, the chairman of the Skolkovo Foundation Arkady Dvorkovich, speaking about the cooperation of VTB Capital Asset Management with Skolkovo Ventures, noted that it will allow many projects to receive additional resources to expand their business and reach the commercial stage.

On the other hand, it will make it possible to invest in such projects without taking on unnecessary risks, since they will be divided between many investors, "explained Arkady Dvorkovich.

Creation of investment pre-IPO fund

In order to invest in companies ready for public offering, in 2019, VTB Capital Pre-iPiO Fund was created under the management of VTB Capital Asset Management. The main focus of the fund is aimed at Russian and foreign leading companies in the sectors of the new economy, including fintech, big data, blockchain, industrial tech, the Internet of Things, as well as certain fast-growing segments of the traditional economy.

At the time of the announcement of plans to launch it in 2018, VTB noted that the idea of ​ ​ the Pre-IPO of the fund, supplemented by a number of advantages, is absolutely unique in the Russian market.

2006: Joining VTB Group

Since October 2006, the company has been part of the VTB Group. VTB Capital Asset Management - part of VTB Capital Investment Management - is one of the key divisions of VTB Capital, the corporate investment business of VTB Group. Main areas of activity: management of assets of mutual funds, funds of individuals and institutional clients, including pension funds, insurance companies, venture funds, endowment capital funds, sovereign funds and self-regulatory organizations. VTB Capital Asset Management has one of the broadest lines of financial products on the Russian market.

VTB Bank offers agency services for the sale, exchange and sale of shares of funds under the management of VTB Capital Asset Management JSC, which has been operating in the market since 1996.

VTB claims that VTB Capital Asset Management funds are managed by licensed professionals with many years of experience in financial markets.

2003: Right to manage pension savings

Since 2003, the company has been one of 55 management companies authorized by the Ministry of Finance of the Russian Federation to conclude an agreement with the Pension Fund of the Russian Federation for the management of pension savings.