Institutional Investors

Abu Dhabi fund commits $100m to Russian specialist Verno


Verno Capital, the Moscow hedge fund firm co-founded by former Kazimir Partners co-founder Dimitri Kryukov, has received a $100 million commitment from Mubadala Development Company, the Abu Dhabi-based government-owned strategic development and investment firm.

The commitment represents the first investment in the Russian market for Mubadala, which is owned and was established by the Abu Dhabi government. “Russia’s recent economic performance and the future potential for the broader region make it an exciting new market for Mubadala,” said Mubadala’s CEO, Khaldoon Al Mubarak.

“Following an analysis of opportunities in Russia, it became clear that the most effective approach to