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Participation of RUSNANO in Investment Funds of Nanotechnologies May 26 th , 2010

Participation of RUSNANO in Investment Funds of Nanotechnologies May 26 th , 2010. Reasons for RUSNANO to participate in Investment Funds. To attract domestic and foreign investors to innovative projects in Russia.

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Participation of RUSNANO in Investment Funds of Nanotechnologies May 26 th , 2010

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  1. Participation of RUSNANOin Investment Funds of Nanotechnologies May 26th, 2010

  2. Reasons for RUSNANO to participate in Investment Funds • To attract domestic and foreign investors to innovative projects in Russia • To leverage RUSNANO’s investments in order to reach “multiplication” effect for RUSNANO’s funds invested in Russian nanotechnologies • 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

  3. Main requirements of RUSNANO when participating in Investment Funds • RUSNANO commits up to 50% of the Fund. The remaining commitments must come from the 3rd party sources. • At least 50% of Fund’s investments (RUSNANO’s share) must go to “nano” related projects with establishment of production in Russia. • Selection of Fund Concepts and Fund Managers on a competitive basis Требования Роснано к фондам • RUSNANO requires a negative control over Fund’s investment decisions to ensure that • 2 requirements are met (nanotechnology and establishment of production in Russia) • Fund’s target IRR should not be less than 20%

  4. Types of Funds with participation of RUSNANO (excl. Rusnano Capital) RUSNANO Funds for small &medium-sizeprojects 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

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

  6. RUSNANO CAPITAL Overview • RUSNANO Capital is an investment management firm formed by Russian Corporation of Nanotechnologies at the initiative of the government of the Russian Federation and registered in Switzerland • RC mission is to achieve highest returns by investing in advanced technologies, providing access to the Russian market and leveraging Russia’s technological might • RUSNANO Capital • Anchor investor • Access to Russia for global funds and their portfolio companies • Access to Russia’s academic research and R&D expertise • Management of RUSNANO Capital has substantial experience in global asset management and investment banking

  7. Key figures Commitment size $2 billion From RUSNANO $1 bn From international investors $1 bn Funds investing period Fourth quarter of 2009 – fourth quarter of 2013 Life 10 years Target IRR 20% - 25% Legal Form Luxembourg SICAR fund or similar jurisdiction

  8. Roadmap • Investing alongside global private equity, VC and other high-profile investors • Providing access to untapped Russian market • Direct access to Russian R&D capabilities • Facilitating technology transfer • Commercialization of Russia originated technologies

  9. Investment criteria Sector Focus Green, alternative and renewable energy Pharmaceuticals Biotech New materials and technology Fund investments are carried out primarily in expansion stage companies in commercialization or close to commercialization phase

  10. Партнеры УК/Фондов History and successful track record in managing PE and VC funds operating in high-technology sector Established relationships with institutional investor base; ability to raise capital within the required timeline Experience in emerging markets International partner selection criteria

  11. RUSNANO Capital Board of Directors • Two representatives ofRUSNANO Corporation • Anatoly Chubais – CEO of RUSNANO Corporation • Oleg Kiselev – Deputy CEO of RUSNANO Corporation • A representative of RUSNANO Capital management • Irina Rapoport - General Director of RUSNANO Capital • Two independent directors: • Lord Skidelsky – Member, House of Lords • Michael Carter – former World Bank Country Director for Russia, India and the Baltics

  12. Механизмы контроля All RUSNANO Capital investments should comply with the approved investment strategy Participation in the Investment Committee Participation in general partner’s decision making process Participation on the board of portfolio companies Means of Control

  13. Механизмы контроля THANK YOU! QUESTIONS ARE WELCOME

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