With over $500m of capital under management, Svarog Capital Advisors is a leading private equity firm in Russia and CIS. Established in 2003 as Renova Capital, the firm was renamed Svarog Capital Advisors following a management buy-out in 2007. Svarog Capital Advisors has invested in 13 companies since 2004, with a total transaction value of over $460m. The firm's investment approach is to provide equity financing to industry-leading companies with exceptional prospects and the ability to generate superior returns. Svarog Capital Advisors focuses on investing in firms in various industries, including retail, FMCG, transport and logistics, telecommunications, financial sector and service industries, IT and software, media, biotechnology and alternative energy.