Elbrus Capital related stories
All articles and analysis
Side Letter: Carlyle's ex-Blackstone hire; UK's net-zero goal; Motive taps Santander Asset Management's ex-CEOCarlyle has recruited a former Blackstone veteran to help lead its India business. Plus: the UK wants asset managers to set out their net-zero plans and Russian private equity sees some stellar returns. Here's today's brief, for our valued subscribers only.
Side Letter: 4.1x reasons to visit Russia; Alpine's 125% incline; Hedges on PE's turfOne of Russia's only active private equity firms appears to be having no trouble on the fundraising trail, and there are 4.1x reasons why. Plus: US buyout firm Alpine Investors has more than doubled its firepower in Fund VIII and hedge funds are encroaching on PE's turf. Here's today's brief, for our valued subscribers only.
Russia’s Elbrus passes halfway mark for third flagshipThat Elbrus has reached this fundraising milestone is impressive, with Russian private equity still reeling from the outcome of the the Mike Calvey case.
State intervention: The cause of, and solution to, Russian PE’s problems?Capital from domestic, Middle Eastern and Asian sovereigns has propped up Russian private equity for at least half a decade.
Side Letter: How to woo Japan LPs; SPAC settlement; Russian PE court caseTop tips for international GPs hoping to crack Japan's comparatively nascent LP market. Plus: why SPACs might be coming back to Earth and a Russian court case could have major implications for the country's PE market. Here's today's brief, for our valued subscribers only.
Side Letter: NBA's PE play, Russia thaws, Eurazeo's billionsA greater number of PE funds could be permitted to own stakes in National Basketball Association teams. Plus: Russia's frosty PE climate might be thawing and PE firms are making rain in Spain. Here's today's brief, for our valued subscribers only.
- Elbrus defies Russia's frosty climate to hit first close on Fund III
LP appetite for Russian private equity has been uncertain since the 2019 arrest of Baring Vostok founder Michael Calvey and several colleagues.
Russian private equity hangs in the balanceThe government has propped up Russian private equity following western retrenchment in recent years; it remains unclear whether the industry can make it alone.
Side Letter: Schwarzman speaks up, Carlyle and TPG raise, Russians head eastDollars keep rolling in for the big names in PE; Carlyle, TPG and Blackstone are all notching up fundraising success. It is more complicated for Russian firms, however. Here’s today's brief, for our valued subscribers only.
Russia’s Elbrus targets Asia, Middle East for $600m fundraise – exclusiveIts first fund, a 2008-vintage, still has four remaining assets and is operating at 0.8x gross total value, according to a source with knowledge of the matter.