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Alla Kruglyak

Senior Advisor

Alla has 14 years’ experience in export finance both in advisory and arranging roles globally covering a wide range of sectors including telecom, energy, infrastructure, power, steel, mining & metals, oil and gas, financial institutions and sovereign debt.

Prior to joining Portland, Alla worked for 14 years in Export and Agency Finance department at Citigroup and Barclays Capital, advising, structuring, arranging and syndicating ECA and DFI-backed transactions.

Alla advised on or arranged over US$6bn in ECA/DFI-backed debt, focusing on more complex transactions with corporate guarantee and project finance features; transactions ranging from US$40m to $1bn.  She has worked with all OECD ECAs as well as with ECIC and Sinosure and with multiple DFIs such as OPIC, Miga, World Bank, DEG, FMO, etc… She has worked with clients globally (both in the emerging markets and developed countries) and across most capital-intensive industries.  She brings considerable experience in negotiating with the ECAs, DFIs, banks and institutional investors in order to bring the most competitive solution on best available terms and conditions to her clients. More recently she worked at Legal & General, a UK large institutional investor, where she focused on onboarding ECA/DFI-backed transactions as an asset class.

Some notable transactions include:

  • Carnival (USA), arranging a US$600m Hermes-backed financing for purchase of a cruise ship
  • Aluar (Argentina), arranging a US$100m EKF-backed financing for construction of a wind farm
  • Panama metro, arranging a US$362m CESCE-backed financing for purchase and commissioning of rolling stock
  • Naftogaz (Ukraine), arranging and syndicating US$500m (EUR equivalent) World Bank-backed financing for purchase of gas from the European gas suppliers (Deal of the Year)
  • Landsvirkjun (Iceland), advising and arranging US$60m JBIC-backed financing for construction of 90MW geothermal power plant (Deal of the Year)
  • VEB-leasing (Russia), advisory and arranging of a US$144m Hermes fronted financing for purchase of Airbus for a financial lessor
  • Eurochem (Russia), US$261m advisory and arranging of ECIC-backed financing for construction of a cage shaft for a potash project (Deal of the Year).
  • Interpipe (Ukraine), US$344m advisory and arranging of SACE-backed financing for construction of a steel mill project in Ukraine (Deal of the Year)

Alla speaks fluent Russian, Italian, French, Portuguese and Spanish. She holds a bachelor’s in maths from UC Berkeley and Master’s in international economics/finance from John’s Hopkins (SAIS).

Alla Kruglyak | +44 7393 430 450 | alla.kruglyak@portlandadvisers.com