ECM Partners, formerly Elements Capital Management established back in 1994 as National Finance Corporation (NFD), is one of the leading regional, CEE focused asset management companies with a strategic emphasis on special situations across Europe, with a natural bias of investments in the CEE region.

Senior team – Our seasoned senior team, operating from offices in Ljubljana, Zagreb and Nicosia, has the experience and historical perspective to take advantage of regional opportunities. We are experts in private equity, public equity, credit and special situation investments.

In our Investment Strategy we focus on finding value under a strict value criteria to target investments in which we can unlock deep value, whilst maintaining a high margin of safety and downside protection. Over the last five years working so closely with some of the largest hedge funds in the world as partners and co-investors, we have evolved by carefully adopting many of their best practices ourselves and have transitioned into an institutional offering in a region that has historically been lacking in institutional outfits . Through these high, exacting standards, we have built a strong track-record deploying over EUR 350m in the last five years.

Company profile

Shifting its pioneering approach to an alternative asset universe while preserving past core competence.

ECM Partners Inc., formerly Elements Capital Management, is one of the oldest and largest independent regional asset management company. As from 2016, ECM had been refocusing its core competences to an alternative investment class and is today a value focused, experienced, true institutional player with a different perspective than any other local outfits that values transparency. Known for partnering with large US hedge funds along with managing three alternative asset class Slovenian funds, ECM creates leading regional alternative investment class platform. ECM today expands along three offices in Ljubljana, Zagreb and Nicosia.

We have transacted over EUR 350m of invested capital since 2015 and have typically partnered with large US hedge funds as co-investors. These deep working relationships and experience have allowed us to adopt similar, rigorous processes throughout our organization thus being regarded as a true institutional offering in a region which has not traditionally been highly institutional.

True local insight, global financial expertise, proven track record, international investor’s network together with existing alternative investment infrastructure represent core pillars of ECM’s ONE STEP AHEAD model.


A seasoned senior team, each with more than two decades of vested experience, is currently managing execution, management and exit for over 300 million EUR of committed projects from local managed funds and global hedge funds.

Savvas A. Liasis


Savvas has more than 20 years of institutional investment experience and was the founder and CEO of Easybroker International Ltd, based in London. Easybroker was one of the largest independent institutional electronic equity brokerages in Europe with a client base of 400 Institutional clients in over 30 countries. Savvas is a founding Partner of Elements Capital Partners and Chairman of the Board of Directors in ECM Partners, Inc.. He is a member of the Board of Directors of Famar a leading European pharmaceutical CMO with manufacturing in Greece, Italy and Spain. He has also served as a member of the Board of Directors of DDM Holdings AG, a publicly listed company specialized in the acquisition and management of distressed asset portfolios in Europe. Savvas holds a BA and an MSc from City University Business School, London.

Dejan Rajbar


Dejan has over 20 years of professional experience in capital markets. For the last decade he has served as the Chief Investment Officer and Board Member at ECM Partners. Currently he holds several board and chairs investment and audit committee positions in companies managed by ECM internationally as well as for non-related public companies from the pharmaceuticals to the hospitality industry. Prior to his current position he served as a member of the Management Board in different retail asset management companies in Slovenia and Croatia. Dejan spent the early part of his career as a fund manager for one of the largest Slovenian asset management companies and has consecutively received several fund manager awards. He holds a Bachelor’s degree in Economics from the University of Ljubljana and is a holder of the CFA designation since 2010.

Aleš Škoberne


Aleš has more than 20 years of work experience in the financial industry. Prior to joining ECM Partners, he has served as Chief Executive Officer of one of the largest private investment companies in the Western Balkan region. He is currently a CEO of Elements Capital Management, Inc., Sava plc, a Slovenian group engaged in tourism and banking, BioRecell Ltd. UK, high tech firm specializing in medical device development, Member of Supervisory Board of Sava Tourism Plc., Bernardin Hotels Plc., and Member of Advisory Board of Merkur Ltd, biggest regional DIY player. He has previously held management and governance positions in the Industrial Manufacturing, Telecommunication and tourism sectors. Aleš holds a BA in International Finance from Point Loma University, San Diego, CA.

Andrej Prah


Andrej has 15 years of work experience in the financial sector. Prior joining ECM Partners, he has served as an Executive Assistant to CEO of Securities Market Agency for seven years. Before that, he worked as an associate attorney in law firm, as clerk on appellate court and as an editor on Official Gazzete of Republic of Slovenia. He is currently Chief Legal and Compliance Officer and member of the Board of Directors in ECM. He is also a Management Board Member of ECM Adria, Ltd, an ECM affiliate in Croatia. Additionally, he also holds various corporate positions in non-ECM-affiliated entities: he is Management Board Member of Bidigital, Ltd., an SPV, holding a 100 % stake in Big Bang, Ltd.; a Chairman of Supervisory Board of Valji, d.o.o. and member of the Council of Slovenian Competition Protection Agency. Andrej holds a Bachelor’s degree in Law from University of Ljubljana and has passed his bar exam in 2006.

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Identity Card

Company Name: ECM Partnerji, upravljanje alternativnih investicijskih skladov, d.d.
Short Company Name: ECM Partnerji, d.d.
Company Name (English): ECM Partners, Inc.
Registered Office: Dunajska cesta 167, 1000 Ljubljana, Slovenia
Phone: +386 1 434 10 21
Court Registry Number: 1/25122/00 District Court of Ljubljana
Court Registry Entry Date: 1994
Registration Number: 5825326000
Tax ID Number: SI-47386894