Almaz Capital Partners’ managing partner and co-founder Peter Loukianoff has sold his managing interest in the firm.
Loukianoff (pictured), who is leaving to pursue new opportunities, has retained a passive minority interest in the firm.
Loukianoff and Alexander Galitsky established Almaz Capital in 2007.
Loukianoff will continue to participate in the investment committee and serve on the board of Almaz portfolio company nScaled.
Almaz Capital Partners, whose investors include Cisco and the European Bank for Reconstruction and Development (EBRD), was the first technology-oriented venture capital firm to focus on Russia.
"Our success has allowed me the flexibility to consider new projects," says Loukianoff. "Now that we are approaching the end of our investment period in the current fund and have successfully begun returning capital to our investors, it’s a good time to evaluate fresh ideas. Starting a new venture capital firm focused on Russia at the time we did was both very challenging and stimulating. It’s a testament to our team that Almaz was one of the few investment firms to attract capital during the global financial crisis. With a lot of hard work and dedication, we delivered strong returns and a promising portfolio to our investors. I am very proud of our accomplishments and wish Almaz continued success."
