<article><a href="http://www.runacap.com/" target="_blank">Runa Capital</a>, a Moscow based private equity firm is planning the final close of its second vehicle – a $300 million fund focussed on European, North American and Asian tech companies – by March 2015, DEALSTREETASIA has learnt.</article>

<a href="http://www.runacap.com/" target="_blank">Runa Capital</a>, a Moscow based private equity firm is planning the final close of its second vehicle – a $300 million fund focussed on European, North American and Asian tech companies – by March 2015, DEALSTREETASIA has learnt.
The new vehicle, called Runa Capital II, had recently collected about $100 million for its first close, said a person familiar with the situation.
The venture firm’s second fund, it if closes at $300 million, will be more than double its first vehicle – Runa Capital I – which raised $135 million and had its final close in April 2012.
For the second vehicle, the venture firm is looking at a maximum of 86% of the total capital commitment, to be called by Q3 2018, when the fund is expected to start generating positive net cash flows from exits. It is also targeting a 4.2x effective cash return and a 5.5 years plain payback period for Runa Capital II.
In its presentation to the potential investors, the venture firm highlighted its track record stating that that it had 22% gross unrealised internal rate of return (IRR) on invested capital. It had invested $92 million, so far, including $10 million in seed stage, and had reserved anther $12 million for follow-on investments. Its portfolio includes about 30 companies along with another five seed stage companies. It has also seen four exits that have retuned $16 million with 3.6x total return on investment ((ROI) and 196% IRR.
On the same lines as its first fund, the venture firm will continue to invest in companies that are in the field of cloud computing, hosted services, virtualization, complex software and IT solutions for financial technology, education, healthcare, and social tech space.
The venture firm was founded by Serguei Beloussov, who is also the chief executive of Singapore-based software company Acronis, along with Ilya Zubarev, who is based out of Moscow and London. Serguei and Ilya founded the consumer electronics company Rolsen, which is now the largest in Russia with a turnover of $500 million per year. The duo also founded Solomon Software and that was first acquired by Great Plains Software in 2000 and a year later, Great Plains was acquired by Microsoft.
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Runa Capital nears final close of $300m fund

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Runa Capital nears final close of $300m fund

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