May 11 (Bloomberg) -- The owners of Russia's National Bank Trust and Trust Investment Bank plan to list a Russian buyout fund this summer headed by Jack Barbanel, former executive director of the private equity group Nikoil.

``The fund is still at its pre-marketing stage,'' Artashes Terzyan, managing partner at National Bank Trust and Trust Investment Bank, said May 9 in an interview in London. ``We are looking to raise a minimum of $150 million.''

The Russian Strategic Growth Holdings Plc ``will be an AIM- quoted private equity fund focusing on consumer-related growth opportunities in Russia,'' Terzyan added.

Barbanel is the chief executive officer of Moorgate Capital Management Ltd., which will manage the fund, Barbanel said yesterday in a telephone interview. In 1999, Barbanel founded Nikoil Strategic Investment Group, now part of UralSib Financial Corp., Russia's fifth-biggest bank by assets.

Terzyan is chairman of Moorgate, which is owned by Cyprus- based TIB Holdings Ltd., owner of Trust Investment Bank and National Bank Trust.

``Trust Investment Bank has committed to be a cornerstone investor if the IPO goes ahead,'' Terzyan said.

``It is a purely Russia-dedicated fund. We have standstill agreements with a number of Russian companies in which the fund would invest as soon as funds are provided,'' Terzyan said.

According to Terzyan, the fund has identified sectors of interest such as private health-care, construction materials, transportation and logistics, IT services, advertising and publishing and consumer goods manufacturing.

``We don't want to limit ourselves to any particular region in Russia but are looking at the whole of Russia.''

To contact the reporter on this story: Sabine Pirone in London at spirone@bloomberg.net

Last Updated: May 11, 2007 08:19 EDT