Zubr Capital

Zubr Capital is a private equity firm based in Belarus, established in 2009 by the management team of Atlant-M Holding. It is the first professional private equity firm in the country, focusing on mid-market investments, particularly in growth-stage companies across various sectors including consumer products, information technology, financial technology, manufacturing, and e-commerce. The firm launched its inaugural fund, Zubr Capital Fund I, in June 2016, which has a target size of USD 50 million, with notable backing from the European Bank for Reconstruction and Development as the anchor investor. Zubr Capital aims to leverage its expertise to drive the growth of its portfolio companies in Belarus and the broader Central European region. The firm is led by Chief Executive Officer Oleg Khusaenov.

Andrei Filon

Senior Investment Manager

Oleg Khusaenov

Founder, Partner & Chief Executive Officer

Timofei Marcinkevich

Managing Partner and Finance Director

Sergey Riabuhin

Managing Partner

Nikolay Shestak

Partner

Past deals in Central Asia

SoftClub

Private Equity Round in 2014
SoftClub occupies a leading position in the market of automated banking services in Belarus. SoftClub's portfolio includes more than 30 products. The company receives revenue from the development, installation, support of programs, as well as the sale of licenses. Number of employees: about 400 people. Offices: Minsk, Vilnius, Alma-Ata, Ashkkhabad.