East-West Digital News 22 May 2012
Finam, one of Russia’s most well established financial groups, has launched Finam Global, an international fund that groups its existing investment units operating in the technolgy, media and telecommunication (TMT) sector.
Among the assets included in the new fund’s portfolio are such major Russian Internet companies as dating site Mamba.ru, context advertising service Begun, and Banki.ru, a leading banking industry portal. Finam also owns shares in the international social and dating network Badoo.com, the German mobile app publisher Shape AG, and the international traffic exchange platform Marketgid.
Finam Global’s investment strategy targets mid-sized companies operating in the TMT sector worldwide, “with solid business models and strong growth potential,” according to its presentation documents. The fund invests from $1 to $30 million in each company.