Elbrus Capital

Investor type

VC / PE

Founded

2007

AUM

$1 500 M

Location

Hong Kong, Hong Kong, Hong Kong

Investment Ticket

$50-100 m

Investment Stage

Late Stage (Series C+) Series B Series A

Region of investment

Europe Asia
Investor profile last updated: 25 August, 2026

Profile

Elbrus Capital Funds are leading Russia and CIS-focused private equity funds with US$1 billion of assets. Since the establishment of the first fund in 2007, Elbrus Capital Funds have made over 90 acquisitions. The funds focus on investments in leading Russian and CIS companies looking for further growth and consolidation opportunities. The funds seek to acquire controlling or significant minority equity stakes in fast-growing businesses, and partner with entrepreneurs who have the ambitions to take their business to the next level of development.

Since 2007, Elbrus Capital Funds have raised about US$1 billion in capital commitments from top international institutional investors.
Elbrus Capital Funds focus on growth and buy-out investments across four investment themes:
- Digital, including consumer and business internet
- Changing consumer patterns (consumer goods and services)
- Outsourcing and business infrastructure, including logistics
- Healthcare and education

The Funds typically acquire control or significant minority stakes in medium-sized businesses. This enables the Funds to play an active role in the development of investee companies and help management develop optimal business strategy, identify and improve critical business functions, attract high-quality professionals, adopt compensation schemes linked to long-term financial performance and optimize capital structure.

Elbrus Capital Funds often deploy buy-and-build strategy to increase returns, whereas a platform company with established management and system is invested first and thereafter further companies are acquired and merged into the platform company.

Industry

Consumer Products Consumer Services (B2C) Digital Business Services (B2B) Edtech Financial Services Fintech Foodtech IT Services Marketing and Advertising Media and Entertainment SaaS Security AI MedTech HealthTech Education E-commerce/Marketplace Food and Beverage Internet and Web Services Software Technology HRTech AdTech Logistics

Contacts

Name
Title
Email
avatar
Dmitri Krukov Founding Partner
Founding Partner
d•••@•••
avatar
Alexander Savin Founding Partner
Founding Partner
a•••@•••
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Investment-team contacts for Elbrus Capital — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
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FAQs about Elbrus Capital

Elbrus Capital is a venture capital and private equity firm. It backs companies at Late Stage (Series C+), Series B and Series A, writing tickets of $50-100 m.
Elbrus Capital is located in Hong Kong, Hong Kong, Hong Kong.
Elbrus Capital was founded in 2007.
Elbrus Capital invests in companies and startups in Consumer Products, Consumer Services (B2C), Digital, Business Services (B2B), Edtech, Financial Services, Fintech, Foodtech, IT Services, Marketing and Advertising, Media and Entertainment, SaaS, Security, AI, MedTech, HealthTech, Education, E-commerce/Marketplace, Food and Beverage, Internet and Web Services, Software, Technology, HRTech, AdTech, Logistics.
Elbrus Capital invests in companies and startups in Europe, Asia.
Elbrus Capital invests in companies and startups at Late Stage (Series C+), Series B, Series A.
Elbrus Capital usually invests $50-100 m on average.
Elbrus Capital has around $1 500m assets under management.
Elbrus Capital can be reached through its website elbcp.com, its LinkedIn page and its X account. Its general enquiries address is [email protected]. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for Elbrus Capital — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.
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Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 25 August, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.