The Verno Private Equity (“VPE”) business was launched in 2013 and has quickly grown to become one of the most active, privately owned teams in the market. The team was built to advise and help execute opportunities on behalf of a UAE strategic wealth fund investing under its $6.0 billion Co-investment Agreement with the Russian Direct Investment Fund. The VPE team covers all sectors of the Russian economy and has researched upwards of 200 projects since its inception. The investments made under the advisory mandate have been across a wide range of sectors, including mining, retail, logistics, petrochemicals, and financial infrastructure.
The VPE team works to a transparent and institutional-quality investment process. Based in Moscow, the team brings together investment experience across global and Russian financial specialists, including the IFC, UBS, Macquarie, Troika Dialog, and Sberbank. Over time, VPE is looking to bring together its Russian expertise and the firm’s institutional quality investment processes to structure Russian investment opportunities in private equity for international clients globally.