Russian private equity firm attracts USD 260 million to digital fund

RUSSIA / FSU POLITICS - In Brief 28 Jan 2021 by Alex Teddy
On January 21 Kommersant reported that Elbrus Capital's investment fund for the Russian digital sector is doing very well. It is the third fund launched by the investment house, which has tech as its niche. Elbrus specializes in former USSR countries. Elbrus' aim is to raise USD 600 million by the end of 2022.Elbrus has done well with an investment in Headhunter. USD 130 million grew into USD 1.5 billion. Cian Group and PickPoint are other successful Elbrus investments. PickPoint is Russia's main network for e-commerce collection points. Elbrus has been going since 2007.Deals will start in Q1. They range from USD 30-100 million each. There might also be some experiments with minor companies.The fund has the support of financial institutions in Abu Dhabi, the EU and individual investors. The tech sector is growing healthily in Russia.

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