By Simon Shuster and Dmitry Zhdannikov

MOSCOW, July 23 (Reuters) - The Macquarie Renaissance fund, an Australian-Russian infrastructure venture, is eyeing St Petersburg's Pulkovo airport among other assets as it builds a $1.5 billion portfolio in former Soviet states, its founders said in an interview.

Targeting a percentage yield in the low twenties, compared to 12-17 percent for Macquarie's European infrastructure funds, the fund's long-haul strategy will buck the trend of private equity investors seeking fast money in emerging markets.

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Posted by boyang at July 23, 2008 11:41 AM