Moscow. March 1, 2007.  Delta Private Equity Partners, manager of The U.S. Russia Investment Fund and Delta Russia Fund, L.P., announced today the appointment of Roman Simonov as Managing Director.

Prior to Delta Private Equity, Mr. Simonovworked at Intel Capital, the world’s largest corporate venture capital program, sponsored by Intel Corporation.During his ten-year career at Intel, Roman held several positions in finance, strategic business development and management. Roman joined the Operations and Finance department of Intel Corporation in Santa Clara, CA in 1996 as Senior Financial Analyst. Later, in 1999, he moved to Intel Capital, and in 2003 he brought Intel Capital to Russia and helped it launch its office in Moscow.  Mr. Simonov was involved in over 60 transactions, including Intel’s acquisition of Elbrus/UniPro. Roman graduated from the Moscow Civil Engineering University and holds a Master of Business Administration (MBA) degree cum laude in Finance from Case Western Reserve University, Weatherhead School of Management, Cleveland, USA.

A pioneer in the Russian private equity market, Delta Private Equity Partners is experiencing an increase in the volume of transactions. Together with Patricia M. Cloherty, Chairman and Chief Executive Officer, Kirill Dmitriev, Managing Director and the rest of Delta’s team, Roman will take a leading role in new investments in various industries, including the technology, media and telecommunications (TMT) sectors, among others.

"I am delighted and honoured to be able apply my knowledge and experience in the Russian investment market, and I look forward to working with Delta's team," said Roman Simonov.