Irakli Rukhadze
Founding Partner
US citizen and native of Georgia. Former CEO of Caucasus Advisors and the US$100m Caucasus Fund; began his career at McKinsey & Company across the US, Western and Eastern Europe.
Recent Milestone
On February 6, 2026, Hunnewell Partners completed the sale of Imedi TV to Prime Media Global.
The transaction marks another chapter in the firm's stewardship of high-profile media assets across the Caucasus region.
The Firm
Hunnewell Partners is a private equity group based in Georgia, with offices in London, Luxembourg & the Netherlands.
Senior members of Hunnewell Partners have successfully managed and exited funds that invested in some of the most high profile companies, including regulated and listed companies, in the Balkans, Eastern Europe, and the USA in the past twenty years.
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Senior Leadership Team
03 FoundersBM
Ben Marson
Founding Partner
London-based structured finance lawyer. Oversees the firm's litigation finance business, with more than 50 cases across multiple jurisdictions including the UK High Court.
Igor Alexeev
Founding Partner
Russian-American executive with a career spanning McKinsey, Bankers Trust and Bank of America. Former CEO of a US$1bn specialty metals company and a US$150m mining enterprise in Georgia.
Executive Team
05 MembersLB
Lana Berulava
Investment Manager
Oversees Hunnewell's manufacturing investments — HeidelbergCement Georgia and Rustavi Steel. London Business School MBA; 15+ years in investment management.
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David Vepkhvadze
Partner
25+ years of investment management experience across Georgian manufacturing and real estate, including the HeidelbergCement partnership and the Rustavi Metallurgical turnaround.
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Matt Jenkins
General Counsel
General Counsel and Rustavi Steel supervisory board member. Previously a corporate lawyer at CMS Cameron McKenna, advising on M&A across Eastern Europe and the CIS.
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Maka Khmaladze
Finance Director
Finance Director for Hunnewell Partners Georgia with a focus on the real estate division. Previously managed the US Embassy Residential Development Project in Tbilisi.
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Diana Miftakhova
Senior Manager
Based in London since 2011. Responsible for financial reporting and cash management for international directors and partners; previously with KPMG's oil and gas practice.
Portfolio
08 AssetsA concentrated book of operating businesses across telecom, banking, industrials, media and real estate.
Magticom
GeorgiaTelecom
Georgia's largest telecom operator.
Liberty Bank
GeorgiaBanking
Third-largest bank in Georgia by assets and branch network.
Rustavi Steel
GeorgiaManufacturing
Rustavi Metallurgical Plant — the country's principal steel producer.
Hunnewell Cement
GeorgiaBuilding Materials
Formerly HeidelbergCement Georgia (~50.5% stake); the country's largest cement producer.
IDS Borjomi
GeorgiaConsumer / Beverages
Mineral water group — investment stake in the iconic Borjomi brand.
Benahavis Hills
SpainReal Estate
Residential development on the Costa del Sol.
Litigation Finance
United KingdomSpecialty Finance
50+ funded cases across multiple jurisdictions, including the UK High Court.
Global Presence
Georgia (HQ)
London
Luxembourg
Netherlands