Moore Management assists Bank Saint Petersburg with fund launch

Thursday 26 January 2017

Moore Management has assisted Bank Saint Petersburg with the launch of its first private equity fund structure, BSPB Capital VPF LP.

One of the largest Russian regional banks, BSPB has operations in Saint Petersburg, Leningrad Region, Moscow and Kaliningrad.

The fund will focus on private equity investments aimed at high growth technology companies across Russia and the wider globe. The fund is the first investment structure launched by BSPB and plans to raise between US$30M and US$70M, with the investor base consisting primarily of BSPB’s own capital in addition to the bank’s existing business network contacts.

The Moore Management team was led by Jersey-based technical director Kevin Gilley, who commented:

“Moore is delighted to have been selected by BSPB to administer their first private equity fund, highlighting our expertise to this sector as well as our capability to provide a bespoke client solution that will enable BSPB to efficiently implement a new investment strategy.”

Peter Kiselev of BSPB Investment Division said:

“We selected Moore Management to provide a full administration service to our Jersey fund structures as they were able to demonstrate a complete understanding of our investment strategy in addition to having a pragmatic and commercial approach to our needs and requirements.”