The International Finance Corporation has launched a private equity fund that will provide Russian second tier banks with equity, according to documents.
The IFC Russian Bank Capitalization Fund includes a $250 million commitment from the IFC, and had raised at least $275 million as of 28 June, according to US Securities and Exchange Commission documents.
IFC deploys Russian bank stabilisation fund(3)
The fund will invest in second-tier Russian banks in an effort to improve economic stability and strengthen the region’s banking industry.
