Alternative Capital Investments

History

2011: Creation of fund

On May 24, 2011 it became known that the former Minister of Communications and the adviser to the president Leonid Reiman together with structures of VTB creates Alternative Capital Investments fund which will be engaged in investments into media, IT and telecommunication assets.

Reyman also one of co-owners of management company of this fund — Alternativa Capital. From VTB Cyprian "subsidiary" of the Russian Commercial Bank (RCB) participates in fund, tells a source, close to bank.

According to Reyman's representative, the expected volume of fund will be $50 million VTB — one of the largest partners and financial investors of this fund, he told, without having specified names of other partners.

The fund already collected $40 million, together with RKB is going to bring its volume to $250 million, specifies a source, close to VTB. Neither he, nor Reyman's representative called specific objects for investments.

As well as in NGI, Reyman makes the personal investments in new fund, the representative emphasizes it. So, for 2009 he specified in the income statement that he earned 93 million rubles (for 2010 he should not have published any more the declaration as he left civil service).

Existence of good communications in the industry which Reyman, as well as access to financial resources of VTB — an important part of success has, the managing partner of Almaz Capital Partners fund Alexander Galitsky notes. But the management command which will manage to be gathered will define the fate of new fund, he adds^[1].

Notes