Eagle Venture Partners (EVP) was created in early 2000 to take over the management of four previously established funds, of which three such funds were active in Russia and one in Kazakhstan. The European Bank for Reconstruction and Development (EBRD) was the main sponsor of these funds. At the time of its establishment, EVP inherited a portfolio which consisted of 11 investments in Russia and 6 in Kazakhstan.

The EVP team devoted considerable resources to managing the existing portfolio. In addition, 8 new investments were made in Russia and 3 in Kazakhstan. And last, but not least, EVP worked out and successfully executed an active exit program.

EVP has built a very strong track record with the investments it has managed through the full investment cycle and by successful exits, particularly in Russia.

In 2006, a new private equity fund for Russia - Eagle Russia Fund (ERF) - was created. The fund was closed in September 2007 with a capital of $30m. By the first quarter of 2008, the Eagle Russia Fund was fully invested.