# Sistema

Sistema is an Asset Manager based in Moscow, Russia.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Moscow, Russia
- **Region:** Europe
- **Address:** Moscow, Russia
- **Founded:** 1993
- **Assets under management:** Undisclosed
- **Website:** www.sistema.com
- **LinkedIn:** https://www.linkedin.com/company/sistema

## Regulatory record

- **Reports private funds:** No

## About

One of the largest private investors in the Russian economy with a unique portfolio of assets in various sectors. Official site. News about the Corporation.

## Sectors

- Telecommunications
- Retail
- Real Estate
- Financial Services
- Technology
- Healthcare Services
- Infrastructure

## People

- Vladimir Evtushenkov — Founder

## Questions

### What is the relationship between Sistema and MTS?

MTS — Mobile TeleSystems — is Sistema's most significant portfolio asset, originating from a 1996 reinvestment of VimpelCom IPO proceeds into a new telecom project. Sistema holds a controlling stake in MTS, which operates as Russia's largest mobile network operator and provides the core cash flows that sustain the group's broader investment activity. The relationship is that of parent company to anchored operating subsidiary, not an arms-length portfolio investment.

### How does Sistema source its investment opportunities?

Origination flows through the corporate parent's strategic mandate and each subsidiary's market position — the telecom arm, for instance, sources adjacent technology assets, while the retail division identifies consumer-chain acquisition targets. Because Sistema operates inside Russian consumer and infrastructure markets, sourcing is tied to domestic privatization rounds, restructuring mandates for distressed industrial assets, and consolidation plays in fragmented retail sub-sectors.

## Related profiles

- [Sistel](https://altss.com/profile/sistel)
- [Sistema Asia Capital](https://altss.com/profile/sistema-asia-capital)

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Last updated: 2026-06-03T20:00:00.000Z

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