Alinor Capital Management

Alinor Capital Management

Alinor Capital Management, established in London, is the family office of Russian businessman Andrey Goncharenko. The firm was formed to manage the proceeds of Goncharenko's career in leadership roles at Gazprom Invest and later as CEO of Gazprom Invest Yug, where he oversaw major infrastructure projects. Its structure reflects a single-principal investment philosophy that prioritizes hard assets with long-term holding periods. Alinor deploys capital primarily through direct ownership of trophy real estate, alongside select allocations to energy and private equity. The real estate portfolio has historically centered on European gateway cities, with confirmed past holdings including a prominent property on London's Eaton Square and the Four Seasons Hotel des Bergues in Geneva. Geographically, the team's footprint spans Western Europe, with legacy connections to energy ventures in Russia. The firm generally avoids fund-of-funds structures, favoring wholly-owned special purpose vehicles for property acquisitions. While the firm does not publicly disclose team size or total deployment, inferences from its property portfolio suggest a lean, principal-driven operation with external counsel and asset-management support. London serves as the headquarters, though the firm maintains exposure to continental European markets, particularly Switzerland. In November 2019, Alinor acquired the Hammer House office building on London's Wardour Street for £68 million (per React News, November 2019). No recent operational appointments have been publicly announced. Alinor operates outside the typical co-investment club model seen among many European family offices—its acquisitions are structured independently and held off-market, reflecting a governance model concentrated entirely in the founder. The firm has not publicly separated philanthropic activities into a distinct foundation, maintaining a tightly held, discretion-first capital structure.