Elbrus Capital Fund II gets $50m injection from EBRD

The EBRD's commitment is limited not to exceed 25% of the total fund value. Elbrus Capital Fund II is set to raise $500m, a target similar to its predecessor's. The fund will invest in Russia and CIS, focusing on SMEs.

Elbrus Capital is a Moscow-based private equity firm focusing on Russia and neighbouring CIS countries. The firm was launched as part of Renaissance Capital in 2007.

Its previous fund, Elbrus Capital Fund I, was announced in September 2007 and closed below target on $660m in March 2008. In late 2009, the fund was restructured to its current size of $324m.

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• Topics
• Funds
• CEE
• Russia
• EBRD