Industrial Standard Management Company
We are creating a new class of direct investment instruments: closed-end unit investment funds (ZPIFs) focused on acquiring equity stakes in industrial enterprises. The mechanism enables private capital to take part in the modernization of the real sector and earn a target return, with every project subject to state expert review.
About Us
Industrial Standard Management Company is a specialized operator of industrial ZPIFs, developing direct investment mechanisms for the real sector of the economy.
The company operates at the intersection of state industrial policy and private investment capital. We understand the specifics of Russian manufacturing plants and the needs of investors, are part of the Business Russia ecosystem, and implement projects with the support of the Industrial Development Fund (IDF).
In 2026, the initiative received federal-level support as one of the additional measures to restore growth in manufacturing without burdening the state budget. The management company's team has many years of experience in structuring transactions involving the IDF and in working with regulators.
The company operates at the intersection of state industrial policy and private investment capital. We understand the specifics of Russian manufacturing plants and the needs of investors, are part of the Business Russia ecosystem, and implement projects with the support of the Industrial Development Fund (IDF).
In 2026, the initiative received federal-level support as one of the additional measures to restore growth in manufacturing without burdening the state budget. The management company's team has many years of experience in structuring transactions involving the IDF and in working with regulators.
Direct Investment in Industry through ZPIFs
Our model is built on a closed-end unit investment fund that allows private capital to acquire equity stakes in plants for a pre-agreed term and with clear exit conditions.
Our approach is based on three principles:
Our approach is based on three principles:
- IDF expert review: Every project undergoes a technical and financial review by the Industrial Development Fund. The share of non-performing assets in the IDF portfolio has been below 2% over 10 years.
- Capital without collateral: The fund acquires a stake in the enterprise without requiring collateral or personal guarantees. The controlling stake remains with the project initiator.
- Clear exit: At the end of the investment cycle, the initiator buys back the fund's stake using its own funds or a bank loan with reduced provisioning requirements (Bank of Russia Regulation No. 590-P, as of 1 October 2026).
Priority Investment Areas
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Chemical Industry
Including the production of technical-grade silicon, new materials, and import-substituting products. -
Defense Industry
Machine-tool manufacturing, component production, and high-tech industries. -
Advanced Machine Building
Robotics, industrial automation, equipment for the fuel and energy sector -
Medical Industry
Pharmaceuticals, medical devices, and equipment for healthcare.
Industrial Investment Standard
ABOUT THE MODEL
How State Expert Review and Private Capital Work Together
(01)
Three sources of capital: The project is financed through concessional debt funding, the initiator's own funds, and the funds of a closed-end unit investment fund (ZPIF), which makes it possible to achieve an optimal capital structure for the enterprise.
(02)
Independent review: Before the fund acquires an equity stake, each project undergoes a comprehensive expert review by the Industrial Development Fund — a technical, financial, and compliance assessment.
(03)
Equity participation: The ZPIF acquires a share in the charter capital of the project company as a partner, without requiring collateral or personal guarantees.
(04)
Predictable exit: The terms and timing of the stake buyback are agreed at the outset and set out in the investment agreement.
Benefits for Investors
Why Investors Choose Industrial ZPIFs
(01)
Real assets: The fund's capital is invested in operating enterprises and industrial equipment, whose value rests on an intrinsic economic logic independent of stock market volatility.
(02)
State oversight framework: Every project receives an IDF expert opinion, which adds an extra layer of protection to the investment decision.
(03)
Regulatory infrastructure: ZPIFs operate under the supervision of the Bank of Russia, with mandatory audit and oversight by a specialized depository.
(04)
Clear exit path: Capital is returned through a buyback of the stake by the project initiator or a sale to a strategic investor.
FOR INDUSTRIAL ENTERPRISES
Capital for Modernization Without Losing Control
(01)
Entry with IDF support: The mechanism is available to enterprises that have already passed the Industrial Development Fund's expert review and received approval for concessional debt financing.
(02)
Closing the equity funding gap: The ZPIF provides the missing investment capital, allowing the enterprise to meet the co-financing requirement without diverting the plant's working capital.
(03)
Retaining management control: The controlling stake remains with the project initiator throughout the entire investment cycle.
(04)
Return to the original ownership structure: Once the enterprise has reached its planned performance targets, the initiator exercises the right to buy back the stake.
deal stages
Four Stages of the Investment Cycle
(01)
Expert review: The project undergoes a comprehensive review by the IDF. In parallel, Industrial Standard Management Company conducts its own analysis of the project's fit with the fund's investment strategy.
(02)
Structuring: The terms of the equity investment are agreed, the terms of the shareholders' agreement are set, and the buyback mechanics are defined.
(03)
Investment phase: The enterprise receives concessional debt financing and capital in the form of equity participation. Implementation of the investment program begins.
(04)
Exit: At the end of the investment cycle, the initiator buys back the fund's stake using its own funds or by raising a bank loan.
Our Vision and Strategic Priorities
Long-Term Capital for the Real Sector
We are building a channel for transforming savings into direct investment. As monetary policy eases, a significant volume of funds held in deposits will be reallocated toward instruments offering higher returns. Industrial ZPIFs managed by Industrial Standard Management Company are a ready-made infrastructure for placing such capital.
State Expert Review
Every investment project undergoes a comprehensive review by the Industrial Development Fund. We rely on standards whose effectiveness has been proven over a ten-year cycle.
Real Assets
The fund's portfolio consists of stakes in operating industrial enterprises and rights to equipment. The intrinsic value of such assets is not directly correlated with financial market volatility.
Institutional Approach
We are building a system-level specialized operator of industrial ZPIFs. The model can be replicated without loss of quality thanks to a unified methodology for project selection and support.