The new combined closed-end investment fund with limited-circulation investment units specifically designed for qualified investors has been transferred under the management of RWM Capital Management Company. The value of the fund's net assets is 6 billion rubles.
Currently the fund's assets amount to cash, in the future, shareholders are considering the possibility of acquiring other assets in the fund.
“Combined funds can include almost any assets – residential and commercial real estate, joint-stock companies, limited liability companies, securities, including promissory notes, etc. In additional, the closed-end investment fund have a number of advantages, which were fully appreciated by business. First, this is the absence of income tax, confidentiality of information about the final beneficiaries of the fund, the ability to attract a loan to the fund, structure heterogeneous assets on the same platform, etc. The professional management company can provide a range of services within the framework of fund management. For example, we provide real estate management, conduct various kinds of due diligence, provide capital raising services, etc. All this significantly simplifies the life of asset owners,” says Alexey Volodarsky, Deputy General Director of RWM Capital Management Company.
