Will the Russian Bear Fall: How Protests and Rising Middle Class Affect Corruption and Private...

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Transcript of Will the Russian Bear Fall: How Protests and Rising Middle Class Affect Corruption and Private...

  1. 1. Will the Russian Bear fall:How Protests and Rising middle class affect corruptionand private equity landscape Alexander Abolmasov Managing Partner NRGSuperReturn Emerging Markets 2011 www.nrgc.com25 - 28 June 2012, Geneva, Switzerland
  2. 2. We planned to visit Russia in 2007, but then somethinghappened. And now we would like to get update on what isgoing on in RussiaJune 2012 American LP Partner
  3. 3. I took a speed reading course and read War and Peace in twentyminutes It involves Russia.Woody Allen
  4. 4. Middle class tripled in 5 years and wants more than money Annual nominal households # of people, m Changes in # of people, disposable income 20052010 2005-10, % >$15,00011,945,1 278% $10,000 - $15,000 17,536,1 106% $5,000 - $10,00057,345,4 -21% $3,000 - $5,000 33,716,4 -51%