06 April 2011
Giedrius Pukas commented the plans of a new private equity fund launched by VEB to attract foreign investments into Russian economy. The Fund will be established by 1 June.
"To attract $ 3 billion for Russian market during a year - is a very difficult task, no one team could still achieve this result," – says the managing partner of Quadro Capital Partners Giedrius Pukas (2/ 3 of the fund is foreign). In his opinion VEB will have to answer the investors' questions about their track record, why they realize merchantable deals, instead of those that are needed to state: "VEB will have to prove they it is able to make money. "