Russia Partners Management, LLC (“RPM” or the “Firm”) is an investment adviser that provides
investment advisory services to private equity investors. RPM is a wholly-owned subsidiary of
Siguler Guff Global, LP which, together with its affiliates (collectively, “Siguler Guff”), operates
as a global multi-strategy private markets investment firm. Founded in 1991 by Messrs. George
Siguler, Drew Guff and Donald Spencer as the Private Equity Group of PaineWebber, Siguler Guff
began business as an independent adviser in 1995, with RPM registering as an investment adviser
in 2012.
Siguler Guff is privately-owned. Two of the founders, George Siguler and Drew Guff, together
with entities established for the benefit of their immediate families, each own over 25% of Siguler
Guff’s securities, in equal amounts. An affiliate of The Bank of New York Mellon Corporation
owns a non-voting 20% interest in Siguler Guff.
The Firm is a dedicated private equity investment adviser, and all of its services to clients relate to
managing private equity and associated investments. The Firm provides discretionary investment
management services to private equity investors through pooled investment vehicles (“Managed
Funds”) that have invested the majority of their assets in direct equity and equity-related
investments in companies operating in the Russian Federation and other countries of the former
Soviet Union. This brochure discusses the Firm’s business generally.
Russia Partners Advisers LLC, a non-affiliated entity of RPM, provides investment advisory
services to RPM.
Services for Managed Funds include screening and investigating investments, negotiating the
terms and conditions of participation in those investments, ongoing monitoring of investments and
communicating with those investments’ management teams, and managing the disposition
of
investments.
In addition, the Firm may occasionally accept discrete assignments from clients to analyze or
manage specific investments. The Firm does not participate in wrap fee programs.
The Firm tailors its advisory services to meet the individual needs and investment restrictions of
groups of investors. Because Managed Funds are pooled investment vehicles, in general, each
investor participates in each Managed Fund on the same terms and conditions, as set forth in the
organizational documents.
The Firm may also tailor its services by entering into “side letter” arrangements with investors in
cases where investors are subject to additional needs or restrictions not met with a parallel fund.
Side letters might supplement the existing organizational documents, and address issues such as
reporting or confidentiality, regulatory or tax considerations applicable to an investor, and
clarification of the application of specified sections of the Managed Fund’s organizational
documents. Typically, each investor in a Managed Fund has the right to elect to receive the benefit
of side letter provisions extended to similarly situated investors.
As of September 30, 2023, Regulatory Assets Under Management (“RAUM”) are:
Discretionary RAUM: $310,041,037
Non-Discretionary RAUM: None
These amounts reflect RAUM as disclosed in Part 1 of the Firm’s Form ADV and include all
securities accounts for which the Firm provides continuous and regular supervisory or
management services.
None of the Managed Funds have any undeployed capital. The Managed Funds are not making
new investments and remain in the process of selling their remaining investments.
The Firm has not raised any new capital or launched any new Managed Funds and has no
plans to raise any new capital or Managed Funds.