The Isikoff article referenced an investment fund, Pericles Emerging Markets, which was started by Manafort and several partners in 2007. According to ''[[The New York Times]]'', Deripaska was the financial backer of the fund and agreed to commit as much as $100 million, although he apparently only invested $18.9 million in 2008 to finance the purchase of Black Sea Cable, a Ukrainian telecommunications company. Pericles is now defunct, and Deripaska sued Manafort in a Cayman Islands court, seeking to recover his investment. | The Isikoff article referenced an investment fund, Pericles Emerging Markets, which was started by Manafort and several partners in 2007. According to ''[[The New York Times]]'', Deripaska was the financial backer of the fund and agreed to commit as much as $100 million, although he apparently only invested $18.9 million in 2008 to finance the purchase of Black Sea Cable, a Ukrainian telecommunications company. Pericles is now defunct, and Deripaska sued Manafort in a Cayman Islands court, seeking to recover his investment. |