First close for Alfa

Alfa Capital Partners (ACP) has reached a $105m first close on Alfa Private Equity Partners. Investors include international financial institutions and family offices. The fund has a target of US$250m.

The fund will provide equity capital and management support to medium-sized private companies in Russia, Ukraine and the CIS. The fund will target emerging and growing sectors and will invest in management buyouts, expansion capital and co-investments alongside strategic partners. Core sectors for the fund include consumer products and services, leisure, media, publishing, retail, health care, pharmaceuticals, construction materials and logistics.

A team of nine professionals led by Richard Sobel, ACP’s CEO, is managing the fund. Sobel has worked in Russia and the region for ten of the past 14 years and previously helped raise and manage Baring’s first private equity fund in Russia in the 1990s.

ACP manages total US$285m in capital from international institutional and private investors alongside capital from the Alfa Group, one of Russia’s largest financial industrial groups.