Founded in 1989 by Mikhail Fridman and his partners, Alfa Group Consortium has grown into one of Russia's most significant private investment groups. The group's core business involves strategic investments and management of a diverse portfolio of assets across various sectors. Its key holdings include ABH Holdings S.A., the parent company of Alfa-Bank (a major private commercial bank in Russia), the AlfaStrakhovanie Group (one of Russia's largest insurance companies), the A1 investment company, and significant stakes in X5 Retail Group (a leading Russian food retailer) and IDS Borjomi International. The consortium's mission focuses on long-term value creation through professional management and strategic development of its assets.