Investments in private equity funds in Russia will double by 2026.

      June 4, 2026 11:17 Economy Investments in private equity funds may double in 2026. As Dmitry Breitenbikher, a member of the VTB board, stated at the SPIEF 2026, the growth is expected due to business development and an increase in its market value.

      The main prerequisite for the growing interest in such investments is the significant gap between the private and public markets in Russia. On one hand, over 35,000 companies in the country earn more than 1 billion rubles a year. On the other hand, only about 260 of them are traded on the stock exchange.

      At the same time, the Pre-IPO market, which involves investments in companies shortly before their IPO, is currently almost not developing against the backdrop of a high key interest rate. As Dmitry Breitenbikher noted, favorable conditions have now arisen for investments in private equity funds. On one hand, companies are cheaper than usual: businesses are valued below market, meaning investors can enter projects profitably. On the other hand, companies need money—due to the high key interest rate, businesses find it harder to manage without external financing.

      At the same time, the main driver of growth for the entire retail investment market today is bond funds. Interest in them significantly increased in 2025. According to a top manager at VTB, clients invested 549.3 billion rubles in them, which accounts for 49.9% of the total inflow into retail mutual funds. For comparison, the inflow of funds the previous year was only 6 billion rubles. NIA "Nizhny Novgorod" has channels on Telegram and MAX. Subscribe to stay updated on major events, exclusive materials, and timely information. Copyright © 1999—2025 NIA "Nizhny Novgorod". When reprinting, a hyperlink to NIA "Nizhny Novgorod" is mandatory. This resource may contain materials 18+