On October 15, Deputy General Director — the Investment Director of RVC, Alexey Basov, spoke at the Bank of Russia's second strategic session to discuss the Consultative Report “Development of Alternative Investment Mechanisms: Direct Investment and Crowdfunding.” The event was dedicated to the issues of venture investors' exit from technology projects.
The discussion was attended by the Managing Partner of Da Vinci Capital — Oleg Konev, Deputy General Director of the Fund for Infrastructure and Educational Programs of RUSNANO — Alexey Kachai, General Director of the New Industry Venture Fund — Tatyana Morozova, Vice President for Investment, Director of the Investment Department of Sberbank — Oscar Ratsin, Executive Director for RII of the Moscow Exchange Gennady Margolis, Managing Partner of Sistema Venture Capital — Dmitry Filatov. The session was moderated by Alexander Galitsky — the managing partner of Almaz Capital.
As Alexei Basov noted, RVC has accumulated significant analytical material that makes it possible to assess the state of the Russian venture capital market competently:
In his opinion, among the leading trends associated with the “exits” of venture investors from technology projects, one can single out noticeable participation in foreign companies' exits.
Among the largest deals with the participation of international strategists in the RVC portfolio, Alexey Basov mentioned the sale of Bonti to Allergan and the acquisition of Vocord by the Chinese giant Huawei.
Another tendency is related to the fact that the mechanism of public exits is still weak.
Corporations are the second most popular source of exits.
The activity of unstructured players in the venture capital market often remains outside the field of vision of experts and researchers, summarized as a “broad market”. According to Basov, these numerous players make the primary market, if not in money, then in the transactions.