Andrey Rappoport is a business executive and investor with experience across the financial, energy, and venture capital sectors. He built his initial capital in Russia during the 1990s, playing a key role in establishing one of the country's leading banks — Alfa-Bank — and holding senior management positions in industrial holding companies. Since 1996, he has invested through Swiss banks. In 2015, he relocated to Switzerland, and by early 2022 had wound down all of his business activities in Russia. Today, he heads Tira Management and holds investments in more than 100 private equity and venture funds.
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Andrey Rappoport was born on June 22, 1963, in Nova Kakhovka, in today’s Ukraine. His uncle founded one of the USSR's first private consulting firms — a company specializing in helping industrial enterprises adapt to the emerging market economy. It was there that Rappoport got his first taste of management.
In 1989, he earned a degree in national economic planning. The program included an internship at Santa Clara University in California.
From 1989 to 1991, Andrey Rappoport's biography took shape within the family business EKOU-Consult, where he worked as a consultant. His responsibilities included:
In early 1991, Andrey Natanovich Rappoport struck out on his own and registered a brokerage called Konso & K in Donetsk, which he saw as a stepping stone toward the more ambitious goal of founding a commercial bank.
In late 1991, as Russia's economic transformation left state banks unable to serve a growing private sector, Andrey Rappoport received an invitation to help build a new private commercial bank in Moscow — Alfa-Bank. He thus took the helm of what would become one of the country's largest private banks as Chairman of the Board, tasked with building a universal financial institution essentially from the ground up.
Rappoport Andrey Natanovich pursued a conservative strategy. He considered that geographic expansion would be premature without first having quality banking products in place. His approach would prove its worth: within a few years, Alfa-Bank had grown into one of Russia's largest banks, weathering financial crises and a wave of bankruptcies that took down many of its competitors.
The following summarizes Andrey Rappoport's tenure at Alfa-Bank and his principal contributions during that period:
Leaving Alfa-Bank marked the opening of a new chapter in Andrey Rappoport biography.
In 1997–1998, as industrial holding companies raced to accumulate assets across Russia, Rappoport joined YUKOS-Rosprom as First Vice President, heading its financial and economic division — tasked with consolidating scattered equity stakes into unified management structures.
Within a year, he had assembled a management team, consolidated the company's structure, and overseen the acquisition of Eastern Oil Company, including its valuable asset Tomskneft, and then moved on. Even during this period, Rappoport had been investing in foreign securities through Swiss banks since 1996, laying the groundwork for his later career as an international investor. His next move would take him into the energy sector.
In 1998, Russia's energy sector was in deep crisis: some 70% of grid infrastructure was worn out, around twenty regional energy systems were on the verge of bankruptcy, and the August default had gutted payment flows — only 8–20% of electricity consumed was being paid for in cash. Construction was frozen, equipment went unrepaired, and investment had dried up.
Drawing on his earlier experience managing crises in the financial sector, Andrey Rappoport launched a broad effort on several fronts:
One effective solution was a debt-for-assets swap, through which $600 million of the $800 million owed was recovered. Those assets were then folded into a newly created company, Inter RAO UES, where Rappoport Andrey was named Chairman of the Board of Directors.
A further problem was the grid infrastructure itself. By the early 2000s, it was a fragmented patchwork of dozens of joint-stock companies managing disconnected segments of high-voltage and distribution networks, all in critical condition. In 2002, the Federal Grid Company (FSK UES) was established to consolidate all transmission lines under a single management structure.
Under Rappoport Andrey's oversight, several landmark energy facilities were completed despite the ongoing payment crisis. By mid-2009, FSK had grown into a company with a market capitalization of $12.8 billion and a transmission network spanning over 74,500 miles, with roughly $150 billion in investment attracted to the sector over this period.
By June 30, 2009, he had wrapped up his eleven-year run in Russia's energy sector, having stepped down from all his positions.
2009 marked a transitional period in Rappoport Andrey's career as he gradually shifted focus from operational management to investing, while continuing to take on select engagements. One was at state corporation Rusnano, where he served as First Deputy and adviser to the Chairman of the Board, tasked with auditing a portfolio of over 90 investments — separating promising projects from underperforming assets and preparing structural changes in partnership with Bain & Company. The engagement lasted less than a year, from 2012 to 2013.
In 2015, Andrey Natanovich Rappoport relocated to Switzerland with his family, and by February 2022 had wound up all remaining business activity in Russia. From 2016, he began assembling a professional investment team with experience in Western markets, operating initially as a family office.
By 2022, the family office had evolved into Tira Management, a full-fledged asset management firm bringing together professionals with a combined 100-plus years of experience across a range of market segments.
Tira Management's investment approach under Rappoport rests on several core principles:
To date, Andrey Rappoport holds investments in more than 100 private equity and venture capital funds.
Rappoport Andrey Natanovich's investment strategy is built on diversification and a focus on management quality. He favors minority stakes spread across many projects, selecting them primarily on the professionalism of the leadership, historical returns, and the track record of previous funds run by the same team.
This approach has long roots. In 2002, while still active in the energy sector, Rappoport Andrey received an option on 5% of investment company Troika Dialog — at the time one of Russia's leading brokerages, accounting for over 30% of all domestic equities trading.
From there, Andrey Rappoport's portfolio grew considerably more diversified, with early bets on technology startups showing a knack for spotting promising projects at the ground floor. These include Datadog, a cloud monitoring company that went public in 2019 at a valuation of $8.7 billion and joined the S&P 500 in 2025, and Germany's Delivery Hero, which staged the largest tech IPO in European history in 2017 and joined the DAX in 2020.
For over two decades, Rappoport Andrey has maintained a consistent philanthropic record. From 1996 to 2022, he was a founder and sponsor of the Russian Jewish Congress charitable foundation. In 2006, he co-founded the Skolkovo Moscow School of Management charitable project — Russia's first nonprofit business school — and served as its President from 2011 to 2016.
After relocating to Switzerland, he and his wife established the FAIR Charitable Foundation of Andrey and Irina Rappoport in November 2023, supporting educational, scientific, cultural, and humanitarian initiatives in Switzerland, Israel, and across Europe.
Alongside his business biography, Andrey Rappoport pursued academic work, defending a Candidate of Sciences thesis at the Institute of Sociology of the Russian Academy of Sciences in 1997, on the formation and development of management teams in commercial organizations.
1. Who is Andrey Rappoport?
An international investor and managing partner of Tira Management. He has lived and worked in Switzerland since 2015.
2. What is his educational background?
He holds an economics degree from Donetsk State University (1989) and a Candidate's Degree in sociology (1997).
3. What did Andrey Natanovich Rappoport do in Russia?
Andrey Natanovich Rappoport helped build Alfa-Bank and worked in the energy sector at RAO UES and FSK UES.
4. When did he wind down his business activities in Russia?
In early 2022, he exited all remaining Russian projects and shifted his focus entirely to international investing.
5. When did he start investing abroad?
Starting in 1996, through Swiss banks, alongside his management work at Russian companies.
6. How many funds are in his portfolio?
More than 100 private equity and venture funds, with a focus on the US and Europe.
7. What notable companies has he backed?
Datadog (added to the S&P 500 in 2025), Delivery Hero (DAX index member since 2020), Docplanner, Zoovu, and Wizz AI.
8. When was the FAIR Charitable Foundation of Andrey and Irina Rappoport established?
In November 2023, to support educational, cultural, and humanitarian initiatives.
