Participation of RUSNANO in Investment Funds of ...en.rusnano.com/upload/oldnews/Document/26464_2.pdf · -Skolkovo Fund; -Perm Region Fund; - Russia North Region Fund ... RUSNANO

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Participation of RUSNANO in Investment Funds of Nanotechnologies

May 26th, 2010

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Reasons for RUSNANO to participate in Investment Funds

To leverage RUSNANO’s investments in order to reach “multiplication” effect for RUSNANO’s funds invested in Russian nanotechnologies

To attract domestic and foreign investors to innovative projects in Russia

To get access to the best investment and technological expertise all over the world

To organize an efficient process of technology transfer to Russia

To create a financial infrastructure for further development of Russian nano-industry

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Main requirements of RUSNANO when participating in Investment Funds

Требования Роснано к фондам

RUSNANO commits up to 50% of the Fund. The remaining commitments must come from the 3rd party sources.

Selection of Fund Concepts and Fund Managers on a competitive basis

At least 50% of Fund’s investments (RUSNANO’s share) must go to “nano” related projects with establishment of production in Russia.

Fund’s target IRR should not be less than 20%

RUSNANO requires a negative control over Fund’s investment decisions to ensure that 2 requirements are met (nanotechnology and establishment of production in Russia)

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Types of Funds with participation of RUSNANO (excl. Rusnano Capital)

RUSNANO

Funds for small & medium-size

projects

Industrial & Sectoral Funds

Intergovernmental Funds International Funds

Funds invest in small and midcap companies which develop and produce nano products. Usually they are created as regional funds.

Funds are established in Russian jurisdiction by Russian fund managers.

Funds invest in companies in particular industries. Funds are supported by strategic investors and fund managers with industrial focus.

Funds are established in Russian jurisdiction by Russian fund managers.

Funds are established in furtherance of interstate agreements between Russian and foreign governments

Funds are targeted at “technology transfer” from a particular region.

Funds are managed by world-class VC fund managers

-  Skolkovo Fund; -  Perm Region Fund; -  Russia North Region Fund

-  Metallurgy Fund -  Russian-Kazakh Fund -  DFJ-VTB Aurora

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RUSNANO participation in Funds in numbers (excl. Rusnano Capital)

Funds already approved: 6

Total size of approved funds: approx. US$500 million

Rusnano’s share in approved funds: approx. US$215 million

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•  RUSNANOCapitalisaninvestmentmanagementfirmformedbyRussianCorpora<onofNanotechnologiesatthe ini<a<veofthegovernmentoftheRussianFedera<onandregisteredinSwitzerland

•  RC mission is to achieve highest returns by inves<ng in advancedtechnologies, providing access to the Russian market and leveragingRussia’stechnologicalmight

•  RUSNANOCapital

•  Anchorinvestor•  AccesstoRussiaforglobalfundsandtheirporEoliocompanies

•  AccesstoRussia’sacademicresearchandR&Dexper<se

•  ManagementofRUSNANOCapital hassubstan<alexperienceinglobalassetmanagementandinvestmentbanking

RUSNANO CAPITAL Overview

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Key figures

CommitmentsizeFromRUSNANOFrominterna<onalinvestors

Fundsinves<ngperiod

Life

TargetIRR

$2billion$1bn

$1bn

Fourthquarterof2009–fourthquarterof2013

10years

20%‐25%

LegalForm LuxembourgSICARfundorsimilarjurisdic<on

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Roadmap

•  Inves<ngalongsideglobalprivateequity,VCandotherhigh‐profileinvestors

•  ProvidingaccesstountappedRussianmarket

•  DirectaccesstoRussianR&Dcapabili<es•  Facilita<ngtechnologytransfer•  Commercializa<onofRussiaoriginatedtechnologies

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SectorFocus

Green,alterna<veandrenewableenergy BiotechPharmaceu<cals

Fundinvestmentsarecarriedoutprimarilyinexpansionstagecompaniesincommercializa<onorclosetocommercializa<onphase

Investment criteria

Newmaterialsandtechnology

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Партнеры УК/Фондов

•  HistoryandsuccessfultrackrecordinmanagingPEandVCfunds

opera<nginhigh‐technologysector

•  Establishedrela<onshipswithins<tu<onalinvestorbase;abilitytoraisecapitalwithintherequired<meline

•  Experienceinemergingmarkets

International partner selection criteria

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RUSNANO Capital Board of Directors

Tworepresenta<vesofRUSNANOCorpora<on

 AnatolyChubais–CEOofRUSNANOCorpora<on OlegKiselev–DeputyCEOofRUSNANOCorpora<onArepresenta<veofRUSNANOCapitalmanagement

 IrinaRapoport‐GeneralDirectorofRUSNANOCapitalTwoindependentdirectors:

 LordSkidelsky–Member,HouseofLords

 MichaelCarter–formerWorldBankCountryDirectorforRussia,

IndiaandtheBal<cs

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Механизмы контроля

All RUSNANO Capital investments should comply with the approvedinvestmentstrategy

•  Par<cipa<onintheInvestmentCommicee

•  Par<cipa<oningeneralpartner’sdecisionmakingprocess

•  Par<cipa<onontheboardofporEoliocompanies

Means of Control

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Механизмы контроля

THANKYOU!

QUESTIONSAREWELCOME