EMF Capital Partners’ EMF New Europe Insurance Fund Invests in Russia-based Virtu Systems (CEE and CIS)
Source: EMF Capital Partners
EMF Capital Partners, a private equity firm focused on financial institutions in emerging markets, has invested in Russia-based insurance software company Virtu Systems. The transaction was structured through EMF New Europe Insurance Fund (NEIF), which will become Virtu’s largest shareholder. The investment will allow Virtu to expand its team and create a new product range, with the aim of eventually entering international markets. Financial details of the transaction were not disclosed.