Why did Alisher Usmanov and his partners secretly set up a $ 1 billion investment fund
Shareholders of USM Holdings in 2014 established a fund for investment in technology companies. The founders - Alisher Usmanov, Vladimir Skoch, Farhad Moshiri, Ivan Tavrin and Ivan Streshinsky - still do not disclose the name of the foundation. But it is known that its volume is $ 1 billion.
Alisher Usmanov owns 48% of the USM, 30% of the shares of Vladimir Skoch, 10% of the trust of the head of the board of directors of the USM Farhad Moshiri. 3% of USM shares each belong to the Chairman of the Board of Directors of Metalloinvest Ivan Streshinsky and MegaFon CEO Ivan Tavrin.
The remaining shares are owned by the management of USM Holdings and its subsidiaries.
')
The fund invests "mainly in Asian" projects. The fund’s portfolio already includes seven companies, among them the Chinese and Indian Uber counterparts, Didi Kuaidi and Ola Cabs , the Chinese smartphone and tablet manufacturer Xiaomi , and the Indian online store Flipkart . The fund has invested in Uber itself - apparently, as an exception. The names of other companies are not disclosed, writes RBC.
Perhaps the creators of the mysterious fund are trying to position it outside of Russian jurisdiction. However, this is only speculation. One can only guess about the true reason for such secrecy.
Alisher Usmanov began to actively invest in technology and Internet companies since 2009, when he became the largest shareholder of the DST Global fund created jointly with Yuri Milner. RBC reminds that Facebook , the seller of discounts and coupons Groupon , the developer of online games Zynga were among the first investments of DST Global.
In an interview with CNBC in 2014, Usmanov noted that he considers emerging markets "still undervalued" and sees potential in them. In the middle of 2014, for example, Yuri Milner, the first partner of Usmanov for investments in Internet companies, also created a fund (DST Global IV) for investments in Asian projects.
Alisher Usmanov owns 48% of the USM, 30% of the shares of Vladimir Skoch, 10% of the trust of the head of the board of directors of the USM Farhad Moshiri. 3% of USM shares each belong to the Chairman of the Board of Directors of Metalloinvest Ivan Streshinsky and MegaFon CEO Ivan Tavrin.
The remaining shares are owned by the management of USM Holdings and its subsidiaries.
')
The fund invests "mainly in Asian" projects. The fund’s portfolio already includes seven companies, among them the Chinese and Indian Uber counterparts, Didi Kuaidi and Ola Cabs , the Chinese smartphone and tablet manufacturer Xiaomi , and the Indian online store Flipkart . The fund has invested in Uber itself - apparently, as an exception. The names of other companies are not disclosed, writes RBC.
Perhaps the creators of the mysterious fund are trying to position it outside of Russian jurisdiction. However, this is only speculation. One can only guess about the true reason for such secrecy.
Alisher Usmanov began to actively invest in technology and Internet companies since 2009, when he became the largest shareholder of the DST Global fund created jointly with Yuri Milner. RBC reminds that Facebook , the seller of discounts and coupons Groupon , the developer of online games Zynga were among the first investments of DST Global.
The Digital Sky Technologies ( DST ) Foundation was created in 2005 by the ex-CEO and co-owner of Mail.ru, Yuri Milner, and the head of the Moscow office of NCH Advisors, Grigory Finger. Then several other partners came to DST, including two people from Goldman Sachs, who also have a minority stake in the company.
In 2008, Alisher Usmanov bought a DST package of about 35%. In 2010, DST changed its name to Mail.ru Group. “The name change is connected with the operational vector of the company's further development,” it was reported in a press release.
At the end of August 2010, consolidation of 99.9% of Mail.ru shares, as well as 100% of the Odnoklassniki.ru social network, was completed. Consolidation was carried out on the eve of the IPO, which was scheduled for 2011.
In an interview with CNBC in 2014, Usmanov noted that he considers emerging markets "still undervalued" and sees potential in them. In the middle of 2014, for example, Yuri Milner, the first partner of Usmanov for investments in Internet companies, also created a fund (DST Global IV) for investments in Asian projects.
Source: https://habr.com/ru/post/299046/
All Articles