Andrey Rappoport – LUXUO

Andrey Rappoport is a global investor primarily based in Switzerland with over three a long time of expertise in banking, vitality, and international capital markets. After constructing and main main monetary and infrastructure organizations throughout Russia’s market transition, he shifted his focus to worldwide funding—a transfer that started along with his first overseas securities investments by means of Swiss banks in 1996. At present, by means of Tira Administration, his Luxembourg-based funding firm, Andrey Rappoport works with knowledgeable group managing a diversified portfolio of personal and public market property in the USA and Europe.

 Contents:

• Andrey Rappoport Biography: Schooling and Early Profession
• Andrey Rappoport: His Tenure at Alfa-Financial institution
• Andrey Rappoport Skilled Relationships in Enterprise: His Decade within the Power Sector
• Rappoport Andrey: Transition Years and Rusnano (2009–2015)
• Andrey Natanovich Rappoport: Constructing Tira Administration
• Rappoport Andrey Natanovich: Philanthropic Work
• Andrey Rappoport: Key Takeaways
• Rappoport Andrey: FAQ

Andrey Rappoport Biography: Schooling and Early Profession

Andrey Rappoport was born in 1963 in Novaya Kakhovka, Ukrainian SSR, and accomplished his economics research at Donetsk State College — securing, unusually for a Soviet pupil, an internship at Santa Clara College in Silicon Valley that gave him early publicity to Western enterprise apply. Later, in 1997, Andrey Rappoport additionally earned a PhD from the Institute of Sociology of the Russian Academy of Sciences.

After graduating in 1989, Andrey Natanovich Rappoport joined EKOU-Seek the advice of, one of many earliest non-public consulting operations in the united states, centered on serving to industrial enterprises adapt to rising market circumstances.

“This work that gave me expertise in each official and non-official facets of the transitioning economic system,” says Andrey Rapoport.

By 1991, Andrey Rappoport was able to function independently. He based a brokerage, Conso & Okay, in Donetsk and commenced creating non-official plans to ascertain Ukraine’s first main industrial financial institution. Although the financial institution by no means materialized, the expertise sharpened his understanding of capital and threat within the post-Soviet setting—making Andrey Rappoport a reputable candidate when he was invited to Moscow later that 12 months to assist construct a industrial financial institution from scratch.

Andrey Rappoport: His Tenure at Alfa-Financial institution

Within the early Nineteen Nineties, Russia’s banking sector was largely a vacuum – the start of a brand new monetary panorama. The Soviet system had left no functioning industrial banking infrastructure, and the establishments rising to fill that hole had been struggling, working with out established regulatory frameworks, whether or not official or non-official. Constructing a reputable non-public financial institution on this context was much less a enterprise problem than an institutional one.

Andrey Rappoport arrived in Moscow in late 1991 to take up the place of Chairman of the Administration Board to construct from scratch what would turn into Alfa-Financial institution. He adhered to a extra disciplined, risk-oriented mannequin of governance: when Russia’s monetary disaster hit in 1998 and swept away a major variety of official and non-official banks, Alfa-Financial institution survived – cementing the affiliation of the identify Andrey Rappoport with prudent administration. At present it stays one of many largest non-public banks within the nation.

By the mid-Nineteen Nineties, Andrey Rappoport had begun investing in overseas securities by means of Swiss banks—a parallel exercise that might increase steadily over the next decade. After six years at Alfa-Financial institution, he offered his stake and departed. He spent a 12 months at YUKOS-Rosprom as First Vice President overseeing economics and finance, together with a significant asset consolidation beneath tough market circumstances. By 1998, the identify Andrey Rappoport drew an invite to deal with the structural disaster in Russia’s total vitality sector.

Andrey Rappoport Skilled Relationships in Enterprise: His Decade within the Power Sector

As Andrey Rappoport remembers, Russia’s electrical energy sector within the late Nineteen Nineties was in a situation that went past peculiar mismanagement. The record of issues included: roughly 70% of grid infrastructure was outdated, round 20 regional vitality techniques had been technically bankrupt, and precise money funds for electrical energy sat at between 8% and 20%. The 1998 monetary default deepened the disaster additional.

Rappoport Andrey Natanovich joined RAO UES of Russia in 1998 as Deputy Chairman of the Board for Investments and Exports, additionally taking direct duty for probably the most troubled areas. In parallel, he labored to resolve roughly $800 million in vitality money owed owed by CIS international locations by means of a debt-for-asset swap method that recovered $600 million and produced a brand new RAO subsidiary — Inter RAO UES. This marked the start of a holding firm, chaired by Andrey Rappoport, that grew right into a producer with property throughout a lot of the previous Soviet Union.

As one of many architects of Russia’s electrical energy sector reform — which included the creation of the Federal Grid Firm (FGC UES) — Rappoport Andrey was appointed in 2002 as Chairman of the Administration Board of the newly established FGC UES whereas persevering with at RAO UES.

All through this era, he continued investing—maybe non-official by way of the form of his profession, however alongside his govt work.

When RAO UES was liquidated in 2008 and the sector’s privatization was accomplished, Andrey Rappoport stayed on at FGC UES by means of a transition interval earlier than stepping down in June 2009 — closing an eleven-year chapter throughout which the identify Andrey Rappoport grew to become synonymous with the modernization of Russia’s vitality infrastructure. This opened a deliberate shift towards worldwide funding as a major occupation.

Rappoport Andrey: Transition Years and Rusnano (2009–2015)

The years following his work within the vitality sector had been a interval ofgradual reorientation. Rappoport Andrey Natanovich started winding down Russian enterprise positions whereas increasing worldwide funding exercise — work that might now transfer to the foreground.

Nonetheless, in 2012, Andrey Rappoport accepted a place as Advisor and First Deputy Chairman of the Administration Board at Rusnano, the place his principal mandate was the restructuring of portfolio corporations and anti-crisis reorganization. He spent lower than a 12 months auditing its portfolio earlier than departing.

To keep away from any ambiguity: this transient, restructuring and reorganization-oriented engagement was undertaken by Andrey Rappoport in his private {and professional} capability and concerned no direct communication, working contact, reporting interplay, or enterprise dealings of any variety with Irina Markovna Rapoport, a individually employed particular person at Rusnano Capital’s Swiss subsidiary. Regardless of the same surnames—which have sometimes induced the 2 to be confused in public sources—Andrey Rappoport and Irina Markovna Rapoport are utterly unrelated. They share no household ties and have by no means had any skilled, industrial, or contractual connection.

In 2015, a brand new chapter started when Andrey Rappoport relocated completely to Switzerland, formalizing his gradual reorientation towards a professionally structured worldwide funding operation. By early 2022, he had wound down all remaining Russian property. The founding of Tira Administration in Luxembourg the subsequent 12 months gave institutional kind to a profession shift that had, in sensible phrases, begun a lot earlier.

Andrey Natanovich Rappoport: Constructing Tira Administration

When Andrey Rappoport established a household workplace in 2016, he moved from extra non-official funding exercise to constructing a correct construction. Initially, property had been concentrated in public-market devices and financial institution deposits, managed by means of main worldwide and Swiss banks — a conservative posture applicable to the early stage of constructing a structured funding operation in a brand new setting.

A strategic shift got here in 2019, when a brand new funding group joined and initiated a complete reassessment of the underlying philosophy. Rappoport Andrey Natanovich authorized a brand new asset allocation framework concentrating on long-term annual returns exceeding 10% – the start of a method based on the endowment mannequin. Between 2020 and 2025, with steering from Andrey Rappoport, the portfolio confirmed vital enlargement, pushed primarily by U.S.-based positions and supported by European allocations.

The rising scale and complexity of the asset base made the case for a extra institutionalized construction, and in 2023, Tira Administration was formally registered in Luxembourg.

At present, Andrey Natanovich Rappoport chairs the Advisory Committee overseeing a global group with over 100 years of mixed funding expertise. Its portfolio is constructed across the following record of structural ideas:

• Allocation of roughly 50% public markets and 50% non-public markets
• Inside public markets, roughly 75% allotted to the USA and 25% to Europe, with emphasis on higher-return systematic and tactical methods alongside broad fairness index publicity
• Inside non-public markets, sectoral focus in Fintech, telecommunications, and actual property improvement, with positions in additional than 100 non-public fairness and enterprise capital funds
• Andrey Rappoport has a choice for minority participation throughout numerous high quality positions slightly than controlling stakes, with administration group high quality and historic observe report as major choice standards

Rappoport Andrey oversaw the gradual constructing of Tira Administration’s non-public markets program, with early capital deployed into secondary fund investments to scale back the J-curve impact — the interval of destructive returns typical within the early years of a personal fairness fund, earlier than portfolio corporations mature and start producing positive factors — slightly than committing solely to major funds from the outset.

Over time, Rappoport Andrey elevated publicity to major and direct investments, with greater than half of personal commitments now representing direct investments topic to rigorous due diligence by main international compliance organizations.

Tira Administration’s funding course of, Andrey Natanovich Rappoport explains, is supported by a proprietary analytical infrastructure: the group builds structured databases from a number of sources, compiles an in depth record of potential investments, synthesizes the ensuing information, and produces rigorous funding evaluation as the idea for each allocation resolution. As Rappoport Andrey Natanovich explains:

“This functionality has enabled commitments throughout greater than 100 funds with out sacrificing selectivity.”

Amongst his most notable positions are two early-stage investments that preceded the formal institution of Tira Administration. Andrey Rappoport was an early investor in Datadog, the New York-based cloud infrastructure monitoring firm based in 2010, which went public on Nasdaq in 2019 at a valuation of $8.7 billion and was added to the S&P 500 in 2025. One other of Rappoport Andrey’s early positions was Supply Hero, the Berlin-based meals supply platform based in 2011, which listed on the Frankfurt Inventory Change in 2017 at a valuation of €4 billion and joined the DAX index in 2020.

More moderen portfolio additions replicate the present route of Tira Administration. Rappoport Andrey Natanovich backed Docplanner, a European digital healthcare platform now working throughout a number of European and Latin American markets, and Zoovu, a B2B know-how firm offering AI-powered product configuration options for international digital commerce. The portfolio of the group of corporations based by Rappoport Andrey Natanovich additionally contains Wizz AI, a cybersecurity firm subsequently acquired by Google Cloud, and a market-neutral hedge fund — seeded by his group — that has since grown to over $500 million in property beneath administration. Actual property investments in London and Florida complement the portfolio from the group assembled by Andrey Rappoport to stability long-term progress with institutional-grade threat administration.

Rappoport Andrey Natanovich: Philanthropic Work

Alongside his funding profession, Andrey Rappoport has maintained a parallel dedication to philanthropic work. In November 2023, he and his partner established the FAIR Charitable Basis of Andrey and Irina Rappoport to consolidate philanthropic exercise they’d been finishing up because the mid-Nineteen Nineties. Because the start of the inspiration, it has grown to function throughout a number of international locations, with its foremost applications centered in Switzerland, Portugal, Italy, and Israel.

Andrey Rappoport’s work with FAIR is organized round 4 focus areas:

• training and entry to greater studying, together with graduate applications and instructor improvement
• scientific analysis, with grants directed towards analysis facilities, particular person scientists, and administration and sociological research
• music, the humanities, and cultural preservation, supporting festivals, performances, and establishments throughout Europe
• social and humanitarian initiatives, together with disaster aid delivered by means of partnerships with established organizations

Rappoport Andrey Natanovich regards the inspiration as a household endeavour within the fullest sense of the time period. His partner, Rappoport Irina Eduardovna, sits on its board and has been central to its work since its founding. Music and the humanities are the principal focus of Irina Eduardovna Rappoport’s philanthropic work. She has supported scholarships for gifted arts college students and grants to cultural establishments to advertise and popularize the humanities. Over the previous thirty years, Rappoport Irina Eduardovnahas devoted herself solely to charitable work, intentionally avoiding any industrial actions. Her public profile is constructed totally on this basis.

Andrey Natanovich Rappoport and Irina Eduardovna Rappoport have additionally concerned their daughters in charitable actions from an early age.

Earlier philanthropic commitments from Andrey Rappoport included co-founding and sponsoring the Russian Jewish Congress from 1996 to 2022, and serving as a founding sponsor of the Skolkovo College of Administration charitable undertaking in 2006. This was Russia’s first non-public non-profit enterprise training establishment — the place Andrey Rappoport later served as president from 2011 to 2016, then as a member of the coordinating council till early 2022.

Previous to the household’s relocation to Switzerland, the Rappoports had been additionally among the many non-public donors of the Russian charitable basis Vykhod (“Manner Out”), which helps folks with autism spectrum problems.

Andrey Rappoport: Key Takeaways

• Rappoport Andrey helped construct Alfa-Financial institution from the bottom up within the early Nineteen Nineties, rising it into certainly one of Russia’s largest non-public banks.
• At RAO UES, Rappoport Andrey tackled the near-total collapse of Russia’s electrical energy sector, recovering $600 million in CIS vitality money owed by means of debt-for-asset swaps and serving to create Inter RAO UES within the course of.
• Andrey Natanovich Rappoport’s worldwide funding exercise started as early as 1996, giving him practically a decade of expertise in overseas markets earlier than making it his major focus.
• By way of Tira Administration, the identify Andrey Natanovich Rappoport is related to a diversified portfolio concentrating on a 50/50 break up between private and non-private markets, with a listing of greater than 100 investments.
• By early 2022 he had wound down all remaining Russian property. Andrey Rappoport thus repositioned himself totally round U.S. and European markets.

Rappoport Andrey: FAQ

1. The place did Andrey Rappoport examine?

Andrey Rappoport accomplished his economics diploma at Donetsk State College. He later earned a PhD from the Institute of Sociology of the Russian Academy of Sciences.

2. What was Rappoport Andrey’s position at Alfa-Financial institution, and the way lengthy did he keep?

Rappoport Andrey served as Chairman of the Administration Board, spending six years constructing the establishment earlier than promoting his stake and departing.

3. How did Andrey Natanovich Rappoport method the debt disaster he encountered at RAO UES?

Andrey Natanovich Rappoport resolved roughly $800 million in vitality money owed owed by CIS international locations by means of a debt-for-asset swap technique, recovering $600 million and laying the groundwork for what grew to become Inter RAO UES.

4. What’s Rappoport Andrey’s goal allocation technique at Tira Administration?

With session from Rappoport Andrey, Tira Administration targets a roughly 50/50 break up between private and non-private markets, with public holdings weighted 75% towards the U.S. and 25% towards Europe.

5. How did Andrey Rappoport construct out Tira Administration’s non-public markets program?

Andrey Rappoport began with secondary fund investments to restrict J-curve publicity, then regularly shifted towards major and direct investments, which now account for greater than half of personal commitments.

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