Basalt Capital Fund started operations in December 2016. The main goal of the Fund is a global growth of the advanced materials industry through supporting promising innovative projects, plants producing basalt fiber and composites on its basis, and also composite materials research.
The first closing of the Fund in the amount of US $20 million is expected in the first half of 2017. Basalt Capital Fund co-founders include a number of private companies, comprising Basalt Projects Inc. that along with a financial component is ready to provide the partners with a scientific and industrial expertise. The General Partner is Basalt Capital MC Ltd., incorporated by a team of investment experts with expertise in successful transactions in the domestic and international markets.
The investment portfolio of the Fund includes projects of various stages and fields. A key condition is the suitability of a proposed solution for an application in the basalt industry:
• Development of advanced materials
• Cutting-edge technologies for the production of innovative materials
• Application of advanced materials in existing models
• Engineering solutions in the field of mechanical engineering
• Software in engineering systems for the manufacture of basalt fiber
• Manufacture that uses basalt fiber in the production process
«Currently, there is an explosive increase worldwide in the use of composite materials in all fields of life. Investments in advanced materials is a hot topic,» – Maxim Chernykh, the General Director of Basalt Projects Inc., comments on the Fund foundation. «We, as an engineering company providing solutions for the application of basalt fiber, know it perfectly. The Fund that we are creating will invest in technological solutions in the field of advanced materials.»
Vyacheslav Luginin, the Managing Director of Basalt Capital MC Ltd, stated during the I International Basalt Forum:
«We are organizing a range of investment funds around the world to invest worldwide. There is a global trend towards technological solutions in the field of advanced materials, and we intend to actively invest in the opportunities offered by this sector».
Basalt Projects Inc. is an engineering company that implements innovative projects in the field of creating the manufacturing facilities producing continuous basalt fiber (CBF) and CBF-based composites in Russia and abroad, offers complex solutions in construction of CBF manufacturing facilities, and also executes turnkey projects of any complexity.
Basalt Capital MC Ltd. is a company that manages investment funds and has headquarters in Moscow, Zurich and Hong Kong. Investors from various countries entrust their assets to our company. The funds provide direct and venture investments in growth companies in the markets of advanced materials, alternative energy, technology solutions for infrastructure.