Private Equity

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Elbrus Capital

Elbrus Capital invests in Russian and CIS companies seeking growth opportunities. The firm manages two funds with over $600 million in assets.

Elbrus Capital logo

Elbrus Capital

Elbrus Capital invests in Russian and CIS companies seeking growth opportunities. The firm manages two funds with over $600 million in assets. Key investors include large international institutional investors.

General information

Firm type

Private Equity

Year founded

2007

Location

Region

Europe

Country

Russia

City

Moscow

Corporate office

Moscow, Russia

Principals

Dmitri Krukov

Co-Founder and Managing Partner

Alexander Savin

Co-Founder and Senior Partner

Rob Denny

Partner

Sector focus

Enterprise SoftwareFinTechMedia & EntertainmentHealthcare ServicesReal Estate

Frequently asked questions

Who runs investment decisions at Elbrus Capital?

Co-Founder and Managing Partner Dmitri Krukov leads investment decisions alongside Senior Partner Alexander Savin. Partner Rob Denny and the broader Moscow-based investment team execute sourcing and portfolio oversight. Krukov and Savin retain final authority on capital deployment, reflecting the firm's founder-led governance.

What is Elbrus Capital's most significant known portfolio company?

ivi, Russia's largest streaming video platform, is Elbrus Capital's highest-profile asset. The firm held a controlling stake and navigated the company through domestic subscription growth, content licensing, and a 2022 minority-shareholder liquidation dispute that tested its governance model. Ivi remains a benchmark investment for the firm's control-oriented media strategy.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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