Russian investment firm Rusnano is seeking strategic partners to buy a 10% equity share in its $10 billion fund by the end of 2012, as it looks to wean itself from the support of the Russian government.
The decision comes at a pivotal time for the five-year-old nanotechnology-focused fund and the development of Russia’s tech and life sciences industries. Having committed north of $7.5 billion both by acting as an LP to venture firms and through direct venture bets on materials and life science companies like Bind Biosciences, the fledgling fund is now turning to the global audience to raise more cash.
To read the full, original article click on this link: Russian Firm Rusnano Seeks Strategic Partners - Venture Capital Dispatch - WSJ
