Trio of companies forms VGF Emerging Market Growth I

Virgin Group, Virgin Green Fund and RUSNANO Capital have announced the formation of the VGF Emerging Market Growth I fund with commitments of more than $200m (£124m).

The fund will invest in buyout and growth equity opportunities in mid-cap companies. It will target the resource efficiency, consumer sustainability and renewable energy sectors in Russia, Turkey and central and eastern Europe.

VGF Emerging Market Growth I will reportedly benefit from the Virgin and RUSNANO brands, deal flow and local investing experience.