One of the priorities of Internet Initiatives Development Fund (IIDF) is financial and expert support to startups in their early development stages. IIDF has invested in 402 tech startups. The Fund invests between 2.5M and 324M rubles in tech companies at early stages, i.e. pre-seed, seed and series A. The Fund also plans to launch a variety of educational programs and to perform a number of legislative initiatives. These steps will help to increase transparency and ensure effective cooperation between entrepreneurs, investors, and state agencies in the field of venture capital investments in Russian online-projects. IIDF's mission is to make Russia more attractive for tech enterpreneurs. They want to make the Russian venture market understandable and accessible to anyone who wants to begin or grow their Internet businesses.

Founded in 2013, Foundation for Internet Development-Initiatives is a venture capital investment firm based in Moscow, Russia. The firm prefers to invest in telecommunications, telemedicine, software, educational technology, big data and machine learning, information security, internet of things, advertising technology, media, and fin-tech.

The Russian Direct Investment Fund (RDIF), established in 2011 and headquartered in Moscow, is a sovereign wealth fund designed to facilitate direct investment in Russia. With a reserved capital of $10 billion, RDIF collaborates with leading global investors to make strategic investments in both established and emerging Russian companies. The fund aims to attract foreign capital to the Russian economy, having successfully garnered over $40 billion through long-term partnerships. RDIF primarily focuses on sectors such as information technology, communications, networking, and technology, media, and telecommunications (TMT). Through its investment strategy, RDIF acts as a catalyst for economic growth and development within Russia.

Baring Vostok Capital Partners Limited is a private equity and venture capital firm established in 1994, with its headquarters in Moscow, Russia, and additional offices in Limassol, Cyprus, and Guernsey, Channel Islands. The firm focuses on a diverse range of investment opportunities, including early venture, acquisitions, buyouts, and growth capital across various sectors. These sectors include natural resource extraction, particularly oil and gas, industrial companies, mass media, telecommunications, utilities, construction materials, specialty manufacturing, real estate development, internet, software, retail, and service management. Baring Vostok Capital Partners aims to support medium-sized enterprises and offers funding at various stages of business development, from seed-stage to later-stage investments.

Moscow Seed Fund is a venture capital investment firm established in 2005 and based in Moscow, Russia. Created by the Department of Entrepreneurship and Innovation Policy of Moscow, the firm focuses on promoting venture investment in small enterprises within the scientific and technical sectors. Moscow Seed Fund specializes in providing seed and pre-seed investments, specifically targeting companies located in the City of Moscow. Its mission is to support early-stage businesses that demonstrate potential for growth and innovation in their respective fields.

VEB Ventures is a venture capital firm based in Moscow, Russia, founded in 2017. It focuses on investing in companies within the medical technology, biotechnology, and clean technology sectors. The firm aims to support the Russian government’s innovation initiatives and promote the development of innovation infrastructure in the country. By facilitating the transfer of advanced technologies to Russia, VEB Ventures seeks to enhance the global competitiveness of Russian innovations.

Skolkovo Foundation is an independent non-profit organization based in Moscow, Russia, established in 2010 to promote innovation and entrepreneurship. It focuses on five key sectors: energy efficiency, information technology, biomedicine, nuclear technologies, and space technologies. The foundation supports startups and venture capital initiatives, aiming to foster advancements in these areas. Its IT cluster emphasizes the development of strategic information technology solutions, while the biomedicine cluster promotes innovations in medical technologies. The energy efficiency cluster works on reducing energy consumption in various sectors, and the nuclear technology cluster is involved in creating new products for the energy market and developing complex technological systems. Additionally, the space technologies cluster focuses on projects related to satellite navigation and space tourism. To facilitate its mission, Skolkovo Foundation manages the Skolkovo Innovation Center, Technopark, and Skolkovo Institute of Technology (Skoltech), and collaborates with numerous leading global companies in research and development partnerships.

Mobile TeleSystems OJSC is a leading telecommunications group based in Russia, operating extensively in the CIS region. The company provides a comprehensive range of services, including mobile and fixed voice, broadband, and pay television, alongside various content and entertainment offerings. As of mid-2014, Mobile TeleSystems served over 100 million mobile subscribers across Russia, Ukraine, Armenia, Turkmenistan, and Belarus, a region with a population exceeding 200 million. Additionally, the company has established a significant fixed-line presence, with millions of households passed and a substantial number of residential subscribers, particularly in Moscow. Its primary revenue is derived from its telecommunications segment, while also engaging in fintech and other related services.

Founded in 2008, Russian Ventures was a venture capital firm based in Moscow, Russia. The firm sought to invest in companies operating in the internet and technology sectors across Russia.

Softline Venture Partners is the corporate venture capital arm of Softline Group, established in 2008 and based in Moscow, Russia. The firm focuses on investing in early to growth-stage companies primarily in Russia and the Commonwealth of Independent States. It has allocated approximately $35 million across more than 20 portfolio companies, with individual investments ranging from $300,000 to $3 million. Softline Venture Partners is stage agnostic and actively seeks opportunities in diverse technology sectors, including cloud computing, cybersecurity, big data, artificial intelligence, the Internet of Things, EdTech, and HRTech.

Mubadala Investment Company, established in 2002 by the Government of Abu Dhabi, serves as a principal agent in the diversification of Abu Dhabi's economy. With a focus on generating sustainable financial returns, Mubadala manages a global portfolio of approximately $229 billion, encompassing a wide range of sectors, including aerospace, information and communication technology, semiconductors, renewable energy, healthcare, and real estate. The company is based in Abu Dhabi, with additional offices in key global cities such as Rio de Janeiro, Moscow, New York, and San Francisco. Mubadala is dedicated to addressing pressing regional needs, particularly in healthcare, while also emphasizing strong governance and responsible investment practices. As a trusted partner and engaged shareholder, Mubadala plays a significant role in fostering economic growth and innovation both locally and internationally.

Winter Capital Partners is a private equity and venture capital firm established in 2015 and based in Moscow City, Russia. The firm specializes in mid to late venture and growth capital investments, primarily in consumer technology, financial services, education, healthcare, and digital health sectors. It engages in global investments, typically allocating between $0.5 million and $5 million for venture capital and $10 million to $100 million for private equity. Winter Capital Partners generally takes minority stakes in venture capital investments and can hold both minority and controlling stakes in private equity deals. Additionally, the firm offers advisory services to its portfolio companies, leveraging its market expertise to support growth.

I2BF Global Ventures Ltd. is a venture capital firm established in 2005 and headquartered in Beverly Hills, California, with additional offices in New York, London, Moscow, Astana, and Menlo Park. The firm specializes in investing across various stages of growth in technology-oriented sectors, particularly focusing on clean technology, nanotechnology, digital healthcare, and innovative solutions in areas such as energy, agriculture, aerospace, and telecommunications. I2BF Global Ventures has a global investment mandate, targeting opportunities in regions including Asia Pacific, North America, Europe, and Eastern Europe. The firm typically invests between $0.5 million and $10 million in its portfolio companies and has backed over 60 startups, achieving successful exits for 12 companies. With a team of technology and sector experts, I2BF Global Ventures aims to support companies that are poised to drive innovation and contribute to a sustainable future.

Avito is a classified advertisements platform founded in 2007 by Jonas Nordlanderr and Filip Engelbert, with its headquarters located in Moscow, Russia. The platform facilitates the buying and selling of a wide range of used items, including cars, clothing, real estate, and various accessories. Users can also engage in the exchange of collectibles, electronics, memorabilia, and tickets for concerts and sporting events. Avito serves as a valuable resource for small and medium-sized businesses, allowing them to market their products and services without incurring fees for ad placement.

Da Vinci Capital Management Ltd. is a private equity and venture capital firm founded in 2007, with its headquarters in Guernsey and additional offices in London and Moscow. The firm specializes in growth capital and buyouts, targeting a range of investments across various stages, including startups and mid-market companies. Da Vinci Capital focuses on sectors such as fintech, financial services, technology, artificial intelligence, cybersecurity, and consumer services. The firm typically invests between $5 million and $100 million in companies with enterprise values ranging from $100 million to $1 billion, seeking significant minority stakes and, in some cases, controlling interests. Its investment strategy encompasses active control in mid-market buyouts and minority shareholdings in larger companies, often with the aim of securing board representation. The firm aims for an investment horizon of two to five years, with exit strategies including sales to strategic investors, secondary sales, or initial public offerings. The management team comprises experienced professionals with backgrounds in investment management and trading in emerging European markets.

X5 Retail Group N.V. (ticker on the London Stock Exchange and the Moscow Exchange — FIVE, Fitch rating — BB+, Moody’s rating — Bа1, S&P rating — BB, RAEX rating — ruAA+) is Russia’s leading product retail company. It manages the stores of several retail chains: local stores under the Pyatorochka brand, Perekrestok supermarkets and Carousel hypermarkets. As of 31 March 2020, the Company had, under its management: 16,658 stores with leading positions in Moscow and St Petersburg and a significant presence in European Russia. The chain includes 15,739 Pyatorochka stores, 846 Perekrestok supermarkets and 73 Carousel hypermarkets.

Access Industries is a privately held industrial group with long-term holdings worldwide, that focuses on natural resources and chemicals, media and telecommunications, real estate and venture capital. Founded in 1986 by Len Blavatnik, an American entrepreneur and philanthropist, Access is an international industrial concern with strategic investments in the United States, Europe and South America. We have corporate offices in New York, London and Moscow. Our holdings include a number of market-leading companies.

Vershina Capital is a venture capital firm established in 2019 and based in Moscow, Russia. The firm specializes in investing in early-stage startups that focus on innovative business models within the online education, food tech, and e-commerce sectors. Vershina Capital aims to support the growth of these companies by providing both financing and expertise, targeting markets in the United States, Europe, China, Russia, and the Commonwealth of Independent States.

UFG Private Equity is a private equity and venture capital firm based in Moscow, Russia, founded in 2005. The firm specializes in providing growth capital, leveraged buyouts, and mezzanine financing to small and medium-sized companies, primarily focusing on sectors such as healthcare, business process outsourcing, telecommunications, consumer staples, and retail. UFG Private Equity typically invests in companies with revenues between $20 million and $400 million, seeking to acquire at least a 25% stake, with equity investments ranging from $15 million to $75 million per transaction. The firm primarily targets businesses located in the Russian Federation and other CIS countries, particularly those in Russia, Ukraine, Belarus, and Kazakhstan. UFG Private Equity aims for a majority stake in its portfolio companies and plans to exit investments within three to five years. The firm also offers co-investment opportunities for larger deals.

Mail.ru Group was founded by Yuri Milner and is the largest Internet company in the Russian-speaking world. It is one of the largest Internet companies in Russia, and the world's seventh largest Internet business in terms of page views. Mail.ru Group operates two of the three largest Russian language social networking sites (Odnoklassniki.ru and Moi Mir@Mail.Ru), the two largest instant messaging networks in Russia (ICQ and Agent), Russia's leading email service, Russia's second largest Internet portal and Russia's largest online games company. Mail also holds strategic equity stakes of 32.49% in vKontakte, Russia's largest social networking site, and 25.09% in QIWI, formerly OE Investments, one of Russia's leading payment-processing companies. It also holds small minority stakes in Facebook, Zynga and Groupon.

Cabra VC is a venture capital firm established in 2016 and headquartered in Limassol, Cyprus, with additional offices in Moscow, Russia, and other locations in the United States and India. The firm specializes in investing directly in early-stage startups and growth companies, as well as indirectly in venture capital funds. Its investment focus spans consumer, enterprise, technology, and software sectors, with a particular interest in SaaS, B2B, B2B2C, and subscription-based business models. Cabra VC typically invests between $0.1 million and $1 million and has a preference for post-revenue companies. The firm has a strong background in building and managing subscription-based businesses and aims to support young teams in achieving rapid growth. It avoids investments in sectors such as cybersecurity, biotech, and blockchain, maintaining a sector-agnostic approach overall.

Primer Capital is a venture capital firm based in Moscow, Russia, specializing in early-stage investments in the pharmaceutical and biotechnology sectors. Established in 2015, the firm focuses on promising projects in areas such as oncology, cardiology, rheumatology, and medical devices, among others. Primer Capital typically invests between $0.2 million and $0.5 million and also considers co-investments, collaborating with various stakeholders, including other venture capital funds, business angels, and government agencies interested in the biopharmaceutical industry. The firm benefits from a qualified team and a Scientific Advisory Board made up of experts in medical and biopharmaceutical fields, which aids in the careful selection of projects for its portfolio. Primer Capital's extensive experience and knowledge of the industry ecosystem enhance the prospects for its portfolio companies, supporting them in establishing effective partnerships and facilitating fundraising throughout their development.

Kaspersky is a prominent global cybersecurity company that specializes in providing comprehensive security solutions and services aimed at protecting businesses, critical infrastructure, and individual consumers from a wide array of cyber threats. Founded in 1997 by Eugene and Natalia Kaspersky, the firm has established itself as a leader in endpoint protection, offering innovative products that include antivirus and internet security software designed to defend against hackers, viruses, ransomware, and spyware. With a robust portfolio of security offerings, Kaspersky provides effective threat management systems and cloud services, bolstered by extensive threat intelligence and security expertise. Headquartered in Moscow, Russia, Kaspersky has over 2,500 employees, including more than 800 research and development specialists, and serves over 300 million users worldwide through its network of regional offices across multiple countries.

InVenture Partners is a venture capital firm established in 2012 and headquartered in Moscow, Russia. The firm focuses on seed, early, mid, and late-stage investments primarily in sectors such as online financial services, technology, marketing, digital media, mobile, and telecommunications. Its investment strategy targets companies located in Russia, the United States, the CIS region, the United Kingdom, and various European markets. InVenture Partners typically invests between $0.5 million and $5 million in businesses with an enterprise value ranging from $1 million to $50 million. The firm seeks to partner with companies that have the potential for an Initial Public Offering within two to three years and generally prefers to take a minority stake and secure a board seat in its portfolio companies. Notable investments include the on-demand service Gett, telehealth provider American Well, and the long-distance bus ticket platform Busfor. InVenture Partners aims for exits within five years, with the possibility of extending this timeline by an additional two years.

Sistema SmartTech is an investment firm founded in 2020 and based in Moscow, Russia. As the corporate venture arm of Sistema, it specializes in early-stage investments in innovative Russian companies. The firm concentrates on high technology projects across various sectors, including IT in medicine, education, logistics, biotechnology, and artificial intelligence. Sistema SmartTech aims to support the development of digital solutions and products that enhance efficiency and effectiveness in these industries.

Russian Venture Company, established in 2006 and based in Moscow, is a state-owned entity that serves as a fund of funds. Its primary focus is to invest in venture funds that target Russian technology companies, thereby supporting the growth of innovative startups within the country. The company aims to enhance the competitive landscape of the Russian IT market by providing financial resources and fostering the development of high-potential ventures. With a capital base of approximately US$ 1 billion, Russian Venture Company plays a pivotal role in promoting technological advancement and entrepreneurship in Russia.

VTB Capital is an investment banking firm established in 2008 and headquartered in Moscow, Russia. It offers a comprehensive range of investment banking products and services to both Russian and international clients. The firm's capabilities include trading operations, debt and equity placements, mergers and acquisitions, consulting services, private equity, asset management, and foreign exchange and interest-rate products. Additionally, VTB Capital provides hedging strategies and global commodities services. The firm has a global presence with offices in London, Hong Kong, Singapore, and Sofia, as well as in various international locations associated with VTB Group, including Shanghai, Frankfurt, Vienna, and Zug.

Bright Capital is a venture capital firm, notable for its merchant venturing approach and global reach thought the firm was originally based in Moscow, Russia. Bright Capital invests in a broad range of breakthrough and disruptive technology companies. It built its portfolio in the energy, cleantech, efficiency, water, advanced materials. It also invests in TMT (telecom - media- technology) sector through its Digital fund.

Rusnano is a joint-stock company aimed at commercializing developments in the nanotechnology industry. It was founded in 2007 and is based in Moscow, Russia.

KamaFlow is an independent investment firm that was founded in 2012 in Moscow, Russia. Kama Flow is specialized in innovative technologies in the fast-growing sectors. Kama Flow's competitive advantage has been grounded in a value-added investment approach that has enabled the firm to deliver high level services to its clients.

Klever Internet, founded in 2015 and based in Moscow, Russia, operated as a venture capital investment firm. The company focused on making investments across various stages of business development, demonstrating a stage-agnostic approach to venture capital. With a commitment to supporting innovative enterprises, Klever Internet aimed to foster growth and development in the technology sector.

Tealtech Capital, established in 2016, is a venture capital investment firm based in Moscow, Russia. The company focuses on supporting early-stage Russian startups, particularly those in the consumer market, by employing innovative and modern management practices. Tealtech Capital is distinguished as the first investment fund in Russia adhering to the "teal" principle, which emphasizes customer orientation and transparency in dealings with clients and investors. By acting as a strategic partner, Tealtech Capital aims to empower projects to achieve independence and sustainable growth.

Binomial Ventures is a Moscow-based investment firm that focuses on fintech and cybersecurity companies. The VC firm invests in early and medium stage companies in Europe and North America.

AYR Capital is an independent private equity and venture capital firm established in 2014 and based in Moscow, Russia. The firm primarily focuses on investments across Eastern and Western Europe, including Russia and the CIS, targeting sectors such as real estate, fast-moving consumer goods, oil and gas, energy, information technology, and manufacturing. AYR Capital also offers financial advisory services and provides debt financing to companies and projects with growth potential. With years of experience and a proven track record, AYR Capital emphasizes a unified approach to risk management and income generation. The firm places significant importance on building strong relationships with its investors and portfolio companies to enhance value creation and ensure high-quality service delivery.

ProfMedia was founded in 1997 and nowadays is the largest diversified media holding in Russia. The holding comsolidated revenue in 2008 was $623MM. ProfMedia is the major private investor in most sectors of Russian media market. In film and entertainment, ProfMedia operates a nationwide chain of multiplexes under the brand Cinema Park and owns a controlling stake in Central Partnership, Russia’s leading filmed content production and distribution company. The holding’s TV business is represented by national TV-network TV3, a leading privately-owned commercial broadcasting company focused on entertainment and family-oriented programming; 2x2 TV animation channel, musical TV-channels MTV Russia and VH1 Russia. ProfMedia is one of the top players in Russian radio, operating a number of FM-frequency radio stations in Moscow and St.-Petersburg. Its flagship Avtoradio station. Prof-Media also operates Energy, Humor FM and Radio Alla radiostations. In print media, the holding owns a magazine publishing house Afisha (including such titles as Afisha magazine, Afisha-Mir, Afisha-Eda, the Bolshoi gorod (Big City) magazine, Afisha guidebooks). The most prominent internet properties include Rambler Media with its leading entertainment, community and multimedia services portal Rambler.ru; Afisha.ru (Russia’s No. 1 Internet entertainment portal) that is operated by Afisha publishing house.

S-Group Capital Management Limited is a private equity and venture capital firm established in 2007 and headquartered in Moscow, Russia. The firm specialized in late venture, mature, and growth capital investments, focusing on sectors such as information technology, clean energy and new energy solutions, material sciences, biotechnology, and tourism and leisure. Although S-Group Capital Management is no longer actively investing, it played a significant role in supporting innovative ventures within these industries during its operational period.

Arbat Capital is an investment advisory and asset management firm founded in 2007 and based in Moscow, Russia. The firm specializes in working with private investors, offering a variety of investment opportunities worldwide. Arbat Capital provides a comprehensive range of consulting services, including currency investment strategies, precious metals strategies, and liquid assets strategies. Additionally, the firm offers investment advisory services tailored for hedge funds, along with consulting on investment and investment return analysis.

Rocket10 is a mobile marketing agency based in Moscow, Russia, with over eight years of experience in the industry. The agency specializes in developing and implementing app promotion strategies across major advertising platforms and social media. Trusted by prominent developers such as Uber, Farfetch, and PUBG, Rocket10 provides a range of services including mobile media planning and social media marketing. The agency also offers performance-based user acquisition solutions and celebrity endorsements to help clients achieve their growth objectives.

AIP Private Capital is a private equity and venture capital firm founded in 2010 and headquartered in Toronto, Canada. The firm specializes in management buyouts, recapitalizations, turnaround situations, corporate divestitures, acquisitions, and public-to-private transactions. AIP focuses on small-to-middle market companies and provides a range of financial solutions including growth capital, private debt, and venture capital. It typically invests in sectors such as financial services, technology, and resources, with a particular emphasis on opportunities in North America. The firm offers debt investments ranging from CAD1 million to CAD5 million and venture credit from CAD0.1 million to CAD2.5 million, preferring venture debt financing, bridge loans, and structured loans with terms between six months and 36 months. In addition to its Toronto headquarters, AIP Private Capital has offices in Moscow, Seoul, and Dubai.

Immofinanz is a real estate investment and development company based in Europe, focusing primarily on the retail and office sectors. The company operates in eight core markets, including Austria, Germany, Czech Republic, Slovakia, Hungary, Romania, Poland, and Moscow. Immofinanz manages a diverse portfolio of approximately EUR 5.8 billion, encompassing over 380 properties. Its offerings are tailored to flexible property consumers and are categorized under three main brands: myhive for office spaces, VIVO! for shopping centers, and STOP SHOP for retail parks. The company's activities include both the management and development of commercial properties, positioning it as a stable and risk-optimized player in the real estate market.

Laminam SpA manufactures large-size ceramic surfaces that are used in traditional and advanced architecture, building construction, furniture, and interior design applications. The company’s products include architectural products, including BLEND, CALCE, CEMENTI, COLLECTION, FILO, FOKOS, I NATURALI, IN-SIDE, KANKA, KOTAN, LEGNO VENEZIA, OSSIDO, OXIDE, and SETA and furnishing and design products. The company’s products are used in architecture and indoor and outdoor floor and wall tiling. It offers consulting for architectural design of interior spaces and building envelopes as well. Laminam SpA was founded in 2001 and is based in Fiorano Modenese, Italy. It has an additional location in Milan, Italy; a showroom in Moscow, Russia; and a factory in Borgo Val di Taro, Italy.

Gemcorp Capital LLP is a private equity firm specializing in debt, hybrid, and equity investments. The firm primarily invests in the financial services, natural resources, infrastructure, and sovereign sectors. It typically invests in emerging economies with focus on Africa, Eastern Europe, Middle East, Emerging Asia, and Latin America. The firm invests through its own funds and through co-investment in debt, private equity, and hybrid transactions. Gemcorp Capital LLP was founded on September 22, 2014 and is based in London, United Kingdom with an additional offices in Luanda, Angola; Moscow, Russia; Genève, Switzerland; and Dubai, United Arab Emirates.

Latham & Watkins offers legal advisory services. The firms practice areas include antitrust, joint ventures and strategic alliances, entertainment and media industry, funds and acquisition vehicles, finance, hotels, resorts, and gaming, out-of-court restructurings, benefits and compensation, controversy practice, exempt organizations, and international tax. Latham & Watkins was founded in 1934 and is headquartered in Los Angeles, California. The firm has additional offices in Boston, Chicago, Frankfurt, Hamburg, Hong Kong, London, Moscow, New Jersey, and New York.

Evli is a private bank based in Helsinki, Finland, that specializes in investment and asset management services for individuals, companies, and institutions. The bank offers a comprehensive range of products, including asset management, market services, and corporate finance. With offices in Helsinki, Turku, Stockholm, and Moscow, Evli is committed to providing robust professional expertise to its clients. Additionally, Evli Growth Partners, a venture capital firm established in 2018, focuses on late-stage and growth capital investments in European companies, typically investing between €3 million and €5 million in firms with a turnover exceeding €5 million. The team at Evli Growth Partners consists of five serial entrepreneurs who bring extensive experience from over 150 companies, equipping them with the knowledge necessary to build sustainable businesses across various sectors.

Tripster is a website that allows users to arrange unique trips with locals in over 600 places around the world. Tripster was founded in 2013 and is located in Zamoskvorechye, Moscow.

Penske Media Corporation is a digital media, publishing, and information services company headquartered in Los Angeles, California, with additional offices in New York, London, Paris, Moscow, Mumbai, and Hong Kong. Founded in 2003, the company produces a diverse range of content that spans various sectors, including entertainment, fashion, beauty, technology, and lifestyle. It offers a variety of platforms for its audiences, including video strategy and production services, industry trend reporting, and analysis of products in the mobile and gadget sector. Penske Media also provides commentary on the restaurant and retail industries, as well as specialized content for Bollywood news, cricket, and Hollywood. Its portfolio includes publications and digital channels dedicated to men’s and women’s fashion, health advice, and entertainment news, thereby reaching global audiences and influencers across multiple media formats.

UFG Asset Management is a privately owned investment manager based in Moscow, Russia, established in 1996. The firm specializes in asset management and investment advisory services for both institutional and private investors, primarily focusing on the capital markets of the Russian Federation and the Commonwealth of Independent States (CIS). UFG Asset Management manages separate client-focused portfolios and offers a diverse range of investment options, including private debt instruments, public markets, private equity, and real estate funds. Additionally, the firm provides hedge fund management services to its clients, further broadening its investment capabilities within the region.

LANIT is a prominent group of IT companies based in Moscow, Russia, with over 30 years of experience in providing a comprehensive range of information technology services. Established in 1989, LANIT has grown to become the largest system integrator in Russia, partnering with over 250 leading global IT hardware and software vendors. The company offers diverse solutions, including the sale and servicing of ATMs, financial terminals, point-of-sale systems, and mixed hardware-software solutions aimed at monitoring and securing ATM networks. LANIT serves a wide array of clients, including major banks, government ministries, and large corporations in sectors such as oil and gas, manufacturing, and telecommunications. Recognized as one of Russia's top IT companies, LANIT has been featured in various industry rankings, highlighting its significant role in the country's IT landscape.

Ceecat Capital is a private equity firm founded in 2005, with its headquarters in Istanbul, Turkey, and additional offices in Luxembourg, London, Bucharest, Kyiv, Moscow, and Almaty. The firm specializes in investments across Emerging Europe, Central Asia, and Turkey, targeting sectors such as manufacturing, food processing, consumer goods, business services, energy and infrastructure, telecommunications, media and technology, transport and logistics, and healthcare. Ceecat Capital focuses on companies with an EBITDA of EUR 2 million and above, and equity requirements ranging from EUR 10 million to EUR 30 million. Its investment strategy emphasizes supporting businesses that are well-positioned for growth in these dynamic markets.

Svarog Capital Advisors is a prominent private equity firm based in Moscow, Russia, with a strong focus on investments across various sectors, including retail, fast-moving consumer goods, transport and logistics, telecommunications, financial services, IT and software, media, biotechnology, and alternative energy. Established in 2003 as the private equity arm of the Renova Group, the firm underwent a management buy-out in 2007, leading to its current name. With over $500 million in capital under management, Svarog Capital Advisors aims to provide equity financing to industry-leading companies that demonstrate exceptional growth potential and the capacity to deliver superior returns. The firm’s investment strategy emphasizes fostering growth through market expansion, geographic diversification, and the consolidation of fragmented markets, having successfully invested in 13 companies with an aggregate transaction value exceeding $460 million since its inception.