Social and Transformational Fund I
Social and Transformational Fund I
Ginzburg Social and Transformational Fund (GSTF I) is a high-quality value-add social infrastructure investment platform focused on mid-size development and operating businesses in the UK and the EU, the ones that can be scaled and transformed into superstar companies of tomorrow. Social infrastructure projects across the EU countries have once been the sole province of national and local governments but funding gaps and rising demand have left them with a multibillion-pound shortfall and inability to meet social infrastructure needs of their residents. GSTF l has responded to the social challenges offering an opportunity to participate in this transformational sector and have a positive social and environmental impact. At the same time GSTF I capital growth potential is underpinned by long-term, stable, inflation-linked cashflows due to its diversified portfolio by sector, geography, manager and asset strategy and its proprietary and off-market deal sourcing.
Initial target size of £300 mil, deployed across 4-6 investments meeting several stringent investment criteria. Target companies will be in the sectors that are on the cusps of real estate and (1) healthcare (e.g. care homes, rehabilitation, diagnostics), (2) childcare / education (e.g. after-school clubs), (3) socially focused housing and (4) local infrastructure (i.e. community sport facilities) with some limited exposure to proptech / medtech. These are the sectors that are less prone to market cyclicality due to inflation, political unrest and deterioration of economic conditions as well as post-Brexit / post-COVID effects. The fund uses a moderate leverage of up to 60% Gross Development Value (GDV) / up to 70% of Gross Development Costs (GDC). Exit envisaged in 5-7 years through the sale of investments though a roll-over can be considered. Target gross IRR is 17%+ with 2.5-3.0x Gross MOIC.
The team assembled by Inna Zhuranskaya consists of specialists with a long-term focus on real assets, social infrastructure and impact investing, who jointly bring over £3 bn+ of pan-EU transactions. Inna has been awarded the O-1 exceptional talent permit for the USA, previously admitted to the Entrepreneur First (the leading VC incubator) and invited to the House of Lords in recognition of her achievements. She has over 18 years of real estate private equity experience in major financial institution including GIC (the Government of Singapore Investment Corporation), Deutsche Bank (Special Situations) and Merrill Lynch (Principal Investment). She has subsequently served as the CEO of Allrise Capital in the USA and the CIO of Yoo Group and Rock Invest Capital, where she has been responsible for the groups’ investment and fund-raising activities. Inna was also one of the initial partners of Wombats, the leading European hostel chain, and an early stage investor in Altovita, a proptech platform. She has obtained her LLM in the University of Cambridge and MSc in Real Estate Finance from the LSE before becoming a chartered director at the IOD and a chartered member at the CISI.
Other founding members
-possess the full range of skills and key networks to provide a full service investment management offer, whilst retaining a boutique approach to client relationships;
-focus is on identifying the best-in-class operating partners, creating the right transaction structures and establishing the market-leading fund in selected niche sector;
-combine professional experience in building, managing and growing regulated businesses across the spectrum of traditional and alternative asset management;
-utilize in-house ‘turn-key’ capabilities and hands-on approach to originate, structure, negotiate, underwrite and asset manage.
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