Private Equity Russia

Elbrus Capital, the spin-off of Renaissance Private Equity,  has announced that it plans to make $180 million of private equity investments in Russian companies in 2010.

Investments will be made through a new direct investment fund at Elbrus, managed by Dmitry Kryukov, formerly of Renaissance Private Equity; Alexander Savin, former President of investment company A1; and  Robert Thielen, founder of Waterland Private Equity.

The Fund is looking for either significant minority stakes or controlling interest in growth oriented companies.

Elbrus Capital’s current portfolio includes: DST, the Russian Internet and social media company (Mail.ru, Odnoklassniki.ru, Vkontakte.ru) and Media One, a Russian television and radio company.