Russia-based infrastructure buyout fund Unicorn Capital Partners has held a first close on its maiden fund with US$100 million in commitments. The fund, which is targeting a maximum fund size of US$500 million, will focus on investments in small- and medium-sized enterprises in Russia and abroad. Sectors targeted by the fund include infrastructure development, infrastructural assets, machine-building, automotive components production, oilfield services, power generation, timber and wood-processing, and ferrous and non-ferrous metallurgy.