# Summa Group

Summa Group is a Private Equity based in Moscow, Russia.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Moscow, Russia
- **Region:** Europe
- **Address:** Moscow, Russia
- **Founded:** 2016
- **Assets under management:** Undisclosed
- **Website:** summa.geopolisdigital.ru
- **LinkedIn:** https://www.linkedin.com/company/summagroup

## Regulatory record

- **Reports private funds:** No

## About

Summa Group is a private holding company with investments in port logistics, engineering, construction, telecommunications, and oil and gas. The company has made one investment, in Hyperloop One, as part of their Series B - II funding round on September 21, 2017.

## Questions

### Who controlled investment decisions at Summa Group?

Ziyavudin Magomedov, the founder and principal, made all major investment and acquisition decisions alongside his brother Magomed. The group operated as a closely held family conglomerate without external investment committee input. Decision-making authority ceased to function after the brothers' arrest in March 2018.

### What caused the collapse of Summa Group's operations?

Russian authorities arrested Ziyavudin and Magomed Magomedov in March 2018 on charges of embezzlement and organized criminal activity, alleging they siphoned roughly $45 million from state infrastructure projects. The arrests triggered immediate creditor demands, asset freezes, and the eventual sale or transfer of the group's holdings to other Russian entities.

### What was Summa Group's known approach to co-investments alongside external partners?

Summa frequently partnered with state-owned entities and other oligarch-linked structures. The group held joint ventures with Transneft in port infrastructure and co-invested with VTB Bank in grain terminals. Direct co-investment with Western institutional investors was not a documented part of its strategy.

### What became of Summa Group's key infrastructure assets after 2018?

The Commercial Sea Port of Novorossiysk shareholding was transferred to Transneft. Fesco Transportation Group was seized and placed under state management. United Grain Company's stake was sold to VTB Bank. No significant assets currently trade under the Summa Group name.

### Did Summa Group have any activity outside Russia?

Summa maintained trading and treasury offices in the Netherlands and Switzerland, primarily for commodity export logistics and financing. The group also invested in a Silicon Valley co-working space and made minority venture bets, but the material balance sheet remained overwhelmingly exposed to Russian hard infrastructure.

## Related profiles

- [Summa Equity](https://altss.com/profile/summa-equity)
- [Summer Capital](https://altss.com/profile/summer-capital)

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

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