Investors in Kazakhstan

Showing 1-50 out of 127 matches

Quest Ventures

Quest Ventures Pte. Ltd. is a venture capital and private equity firm established in 2011 and headquartered in Singapore, with additional offices across several key cities in Asia. The firm specializes in investing across various stages of business development, including seed, startup, early-stage, growth, expansion, and mature stage investments. Quest Ventures focuses on sectors related to the digital economy, such as financial technology, e-commerce, artificial intelligence, agri-food technology, and smart cities. It aims to support technology companies that demonstrate scalability and replicability within large internet communities. The firm's investment strategy is informed by thorough research and local insights, enabling it to drive transformation in industries facing challenges while fostering collaboration with emerging startups throughout the region.
Made 12 investments in Kazakhstan

Asia Debt Management Hong Kong Limited

Asia Debt Management Hong Kong Limited is a private equity firm specializing in middle market, later stage, mature, buyout, turnaround, PIPES, bridge financing, distressed, stressed, restructurings, rescheduling, refinancing, debt-for-equity swaps, liquidity management, and under-valued companies. It does not invest in oil and gas sectors. The firm prefers to invest in the following sectors: manufacture of food products and beverages, metallurgical industry, machinery and equipment, wood processing, and textile manufacturing. It provides its services to pooled investment vehicles. The firm manages private equity and hedge funds for its clients. Through its funds, it invests in the alternative markets across the globe with a focus on emerging markets. The firm primarily seeks to invest in distressed, special situations, undervalued or event driven opportunities, and recovery situations. It also invests in companies or banks going through debt restructuring. The firm seeks to invest in Asia and Central and Eastern Europe. It makes equity investments between €10 million ($13.6 million) and €30 million ($40.81 million). Asia Debt Management Hong Kong Limited was founded in 1998 and is based in Central, Hong Kong with additional offices in Turkey, United Kingdom, Ukraine, and Kazakhstan.

International Finance Corporation

The International Finance Corporation (IFC) is a member of The World Bank Group that focuses on fostering sustainable economic growth in developing countries through private sector investment. It provides a range of financial services, including loans, equity investments, quasi-equity products, and advisory services aimed at supporting startups and various stages of company development. IFC invests in sectors such as agribusiness, financial services, health, education, infrastructure, global manufacturing, oil and gas, telecommunications, and tourism, with a particular emphasis on projects that promote food security, digital finance, and affordable healthcare. The organization targets investments ranging from $1 million to $100 million, often seeking minority stakes but may also take a majority position in its portfolio companies. IFC aims to create jobs, generate tax revenues, and enhance corporate governance in emerging markets, thus contributing positively to local communities. Established in 1956 and headquartered in Washington, D.C., IFC operates globally with offices across various regions, focusing its efforts on financing projects that align with its mission of improving lives in developing countries.
Made 1 investments in Kazakhstan

I2BF Global Ventures

I2BF Global Ventures Ltd. is a venture capital firm founded in 2005 and based in Beverly Hills, California, with additional offices in New York, London, Moscow, and Astana. The firm specializes in early to late-stage investments, primarily focusing on technology-oriented companies within the clean technology and resource sectors. Its investment areas include renewable energy, nanotechnology, water purification, agriculture, aerospace, and digital solutions such as AI and IoT. With over $400 million under management, I2BF Global Ventures aims to support innovative companies that can contribute to a sustainable future. The firm has successfully invested in more than 60 startups and has a global investment strategy, targeting opportunities in Asia Pacific, North America, Europe, and Eastern Europe. It typically invests between $0.5 million and $10 million in its portfolio companies, benefiting from a team of sector experts who ensure a thorough and effective management approach.
Made 2 investments in Kazakhstan

ICT Holding

Founded in 2013, ICT Holding is a private equity firm based in Limassol, Cyprus. The firm invests in equity securities, investment funds, interest bearing securities, derivatives in international markets. The firm also seeks to make direct investments in companies operating in finance, mineral mining, precious metal mining, transportation, energy, materials, technology, automobiles, medical technology sectors.

Baring Vostok Capital Partners

Baring Vostok Capital Partners is a private equity and venture capital firm established in 1994 and headquartered in Moscow, Russia, with additional offices in Limassol, Cyprus, and Guernsey, Channel Islands. The firm focuses on investing across a range of sectors, including natural resources, telecommunications, media, utilities, construction materials, specialty manufacturing, real estate, and technology. Baring Vostok engages in various investment strategies, such as early venture funding, acquisitions, buyouts, and growth capital, targeting medium-sized enterprises in Russia and the Commonwealth of Independent States (CIS). The firm is known for its significant involvement in the energy, software, and consumer services sectors, and typically prefers investments ranging from 30 million to 200 million, focusing on companies with enterprise values between 100 million and 200 million.
Made 5 investments in Kazakhstan

Ceecat Capital

Ceecat Capital is a private equity firm established in 2005, headquartered in Luxembourg, with additional offices in Istanbul, London, Bucharest, Kyiv, Moscow, and Almaty. The firm specializes in investments in Emerging Europe, Central Asia, and Turkey, targeting sectors such as manufacturing, food processing, consumer goods, business services, energy and infrastructure, telecommunications, media and technology, transport and logistics, and healthcare. Ceecat Capital focuses on companies with EBITDA of at least EUR 2 million and equity between EUR 10 million and EUR 30 million. The firm aims to provide debt services and capital to foster growth in its chosen industries across the region.

Horizon Capital

Horizon Capital is a private equity firm established in 2006 and headquartered in Kyiv, Ukraine, with an additional office in Chicago, Illinois. It specializes in buyouts, growth capital, and expansion investments, primarily focusing on later-stage opportunities in small and mid-cap companies. The firm invests in various sectors, including light manufacturing, information technology, financial services, fast-moving consumer goods, and e-commerce, with a particular emphasis on industry leaders and companies with consolidation potential. Horizon Capital manages four funds with assets exceeding $850 million and is backed by over 40 institutional investors. The firm actively seeks to partner with visionary entrepreneurs and aims to generate value through governance and operational improvements. Investments typically range from $5 million to $20 million, with a preference for acquiring control stakes, though minority interests are also considered. Horizon Capital generally seeks to exit its investments within three to five years via trade sales or initial public offerings. With a team that boasts over 75 years of regional investment experience, the firm is committed to integrity, transparency, and successful value creation.

Al Falah Capital Partners

Founded in 2008, Al Falah Capital Partners is an Almaty-based private equity firm that specialises in mid-market investments in consumer goods, energy, power and natural resources companies across Kazakhstan, Russia and United Arab Emirates.

Russian Direct Investment Fund

The Russian Direct Investment Fund (RDIF) is a government-backed investment vehicle established to stimulate foreign direct investment in Russia's emerging economy. With a capital base of $10 billion, RDIF focuses on making equity investments primarily within the Russian market. The fund targets various sectors, including agriculture, construction, logistics, aerospace, power, and pharmaceuticals, aiming to foster growth and development across these industries. By attracting foreign investments, RDIF seeks to enhance the overall economic landscape of Russia while providing opportunities for international investors.

VEB Ventures

VEB Ventures fund was established by Vnesheconombank at the end of 2011 to invest in high technology projects of the Skolkovo Foundation. Key strategic goals of the Fund include support of the Russian government´s innovation programs, creation of innovation infrastructure in Russia, facilitation of advanced technologies transfer to Russia, and promotion of Russian innovations on the global market.

United Capital Partners

United Capital Partners is a private equity firm based in Moscow, specializing in growth stage investments in small and medium-sized enterprises within Russia and the Commonwealth of Independent States. Founded in 2006 by Ilya Sherbovich and partners, UCP manages assets exceeding three billion US dollars, focusing on key sectors such as oil and gas, consumer goods, financial services, infrastructure, IT, and engineering. The firm seeks to capitalize on opportunities through investments and may consider recapitalization or partial sales to strategic buyers. United Capital Partners aims to exit its investments typically via an IPO within three to five years, demonstrating a commitment to effective investment strategies even in volatile market conditions. With a team of around 60 specialists, UCP has established itself as one of the largest financial investment groups in Russia.
Made 1 investments in Kazakhstan

Nostrum Oil & Gas

Nostrum Oil & Gas is an independent oil and gas company based in Amsterdam, Netherlands, founded in 1997. The company focuses on the production, development, and exploration of oil and gas primarily in Kazakhstan. Its operations are concentrated in the pre-Caspian basin, where it extracts crude oil, stabilized liquid condensate, liquefied petroleum gas, and dry gas from its licensed assets. In addition to production, Nostrum Oil & Gas manages the marketing and transportation of its products, utilizing a network of pipelines and terminals to deliver to various international markets. The company maintains a diverse client base, ensuring a broad distribution of its output.

Elbrus Capital

Elbrus Capital is a private equity and venture capital firm based in Moscow, specializing in investments in early-stage, middle-market, and growth-oriented companies primarily in Russia and the CIS region. With a focus on sectors such as digital services, consumer goods, outsourcing, and healthcare, the firm aims to support businesses seeking significant growth and consolidation opportunities. Since its inception in 2007, Elbrus Capital has made over 90 acquisitions, investing between $30 million and $100 million in companies valued at $50 million to $100 million. The firm typically seeks significant minority stakes or controlling interests in its portfolio companies, which span various industries, including technology, media, and consumer services. Elbrus Capital's investment horizon generally ranges from three to seven years, emphasizing partnerships with ambitious entrepreneurs to enhance business development.
Made 1 investments in Kazakhstan

Zubr Capital

Zubr Capital is a private equity firm based in Belarus, established in 2009 by the management team of Atlant-M Holding. It is the first professional private equity firm in the country, focusing on mid-market investments, particularly in growth-stage companies across various sectors including consumer products, information technology, financial technology, manufacturing, and e-commerce. The firm launched its inaugural fund, Zubr Capital Fund I, in June 2016, which has a target size of USD 50 million, with notable backing from the European Bank for Reconstruction and Development as the anchor investor. Zubr Capital aims to leverage its expertise to drive the growth of its portfolio companies in Belarus and the broader Central European region. The firm is led by Chief Executive Officer Oleg Khusaenov.
Made 1 investments in Kazakhstan

Almaz Capital

Almaz Capital is an international venture capital firm based in Silicon Valley that specializes in investing in early-stage, capital-efficient technology companies. Founded in 2008, the firm aims to connect Eastern European and former Soviet engineering talent with the U.S. market, facilitating the development of global businesses. Almaz Capital targets high-growth sectors, including artificial intelligence, blockchain applications, data engineering, cybersecurity, industrial IoT, and networking infrastructure. The firm has a diverse group of investors, including prominent organizations such as Cisco and the European Bank for Reconstruction and Development. Over the years, Almaz Capital has invested in more than 30 portfolio companies and achieved nine successful exits.
Made 1 investments in Kazakhstan

Ethemba Capital

Ethemba Capital is a private equity firm specializing in growth markets.

Bancroft 2

Bancroft 2 is a buyout fund managed by Bancroft Private Equity, a firm established in 1989 and based in Vienna. Launched in November 2002, Bancroft 2 expanded its investment scope to include Eastern Europe and Turkey, focusing on mid-market opportunities within sectors such as commercial products, consumer durables, industrials, and technology, media, and telecommunications (TMT). The fund was part of a strategic initiative following the firm's early activities in mergers and acquisitions and the subsequent establishment of its private equity investment approach in the region.

Bright Capital

Bright Capital is a venture capital firm founded in 2010, originally based in Moscow, Russia. The firm adopts a merchant venturing approach and invests globally across various stages, including early-stage and late-stage ventures, as well as growth equity. Bright Capital focuses on breakthrough and disruptive technology companies, with a diverse portfolio that includes investments in energy, cleantech, efficiency, water, and advanced materials. Additionally, the firm engages in the telecom, media, and technology sector through its dedicated Digital fund.

Belarusian Innovation Fund

Belarusian Innovation Fund is a private equity and venture capital arm of the Republic of Belarus specializing in investments in middle market, later stage, seed, early, mid and late ventures, buyouts and emerging growth companies. The financing tools include acquisition and subsequent alienation of debt securities of issuers of legal entities - target companies (convertible bonds, notes, bills); acquisition and subsequent alienation of shares (stakes, shares) in the authorized (collateral) capital of legal entities - target companies; provision of loans subject to participation in the capital of the target company; and provision of convertible loans. It prefers to invest in all innovation industries with a focus on the scientific and technological sector, energy, healthcare, agricultural, microelectronics, ecology, and biotechnology sectors. It seeks to make investments in companies registered in Belarus, Russian Federation and in the Commonwealth of Independent States (CIS). The firm prefers to invest up to RUB150 million ($2.5 million) in its portfolio companies whose revenues for the past year are less than RUB10 million ($0.15 million). Belarusian Innovation Fund was founded in 1998 and is based in Minsk, Belarus.

SEAF

SEAF is an investment firm that focuses on providing growth capital and operational support to businesses in emerging markets, particularly those underserved by traditional financing sources. Founded in 1989 in Washington, District of Columbia, as a private equity subsidiary of the development organization CARE, SEAF aims to foster economic development by investing risk capital in locally owned enterprises with high growth potential. The firm operates in 18 countries, with a notable presence in Central and Eastern Europe, Asia, and Latin America. SEAF makes structured debt and equity investments and emphasizes creating measurable development impacts in local communities. Its investment strategy includes targeting diverse sectors such as tourism, healthcare, IT, and agriculture, while also focusing on themes like energy, diversity and inclusion, and employment. SEAF seeks to partner actively with entrepreneurs, leveraging its extensive network to enhance business success and deliver attractive returns to its investors.

Fastlane Ventures

Fastlane Ventures is a Russian company focused on the development, launch and promotion of innovative internet businesses. Founded in 2010 by a team of experienced entrepreneurs with a track record of successful investments, the company has launched 20 internet start-ups to capitalize on the increasing demand for online services and growing appetite for investment in the Russian internet market by Western and Russian investors. The company has attracted more than $85 million from international investment funds. Key strategic investment partners of Fastlane Ventures are Direct Group, e.ventures and VTB Capital. Among the investors of the company also Intel Capital, Kinnevik, Mangrove Capital, ru-Net, UMJ Russia, and some others to launch companies across the online retail, travel, relationship, health and recruitment areas. The strategic focus of Fastlane Ventures is to target business-to-consumer niche markets with low levels of competition. The Company's aim is to anticipate the not yet satisfied needs of Russian customers. Fastlane Ventures acts as both an operational and investment partner at the same time. It is the sole Russian company that provides an initial seed investment in addition to having a hands-on operational role with its businesses through its team of high calibre professionals. To launch its business quickly and effectively, Fastlane Ventures has adopted proprietary solution called Fast 50, which enables a new venture to launch in just 50 days and ensures an efficient path between launch and exit. Fastlane Ventures has established a team of highly regarded professionals, who possess unique knowledge and expertise in management, entrepreneurship, e-commerce, business development, marketing and PR, investment generation, HR management, web design and much more. Once the new business venture is operating effectively, Fastlane Ventures helps its investment partners realize their investment return through the sale of the business to other strategic investors. This usually takes place approximately 2-3 years after the initial business launch. For more information about Fastlane Ventures and its portfolio companies, please visit http://fastlaneventures.ru/en/

PRIVATE EQUITY, Rosinger Anlagentechnik GmbH & Co KG

PRIVATE EQUITY, Rosinger Anlagentechnik GmbH & Co KG is private equity and venture capital arm of Rosinger Group specializing in venture debt, later stage, middle market, early venture, mid and late venture, emerging growth, PIPES, bridge financing, industry consolidation, recapitalizations, special situations, management buyouts, management buy-ins and mezzanine investments. It also considers growth capital and turnaround investments in small and medium-sized mature companies. The firm focuses on investments in the automotive, machinery, industrial conglomerates, commercial and professional services, food industry, materials, energy-sector, real estate, and trading companies. It primarily invests in the companies based in Upper Austria, Salzburg, Austria and Bavaria, Spain, Portugal, Germany, Switzerland, Austria, United Kingdom, Hungary, Poland, Slovakia, Turkey, Ukraine, Russia, Kazakhstan, and The Czech Republic. The firm typically invests in companies with minimum turnovers of €10 million ($13.07 million) for companies in the service industry. It takes majority and minority stakes in its portfolio companies and prefers to exit its investments through a trade sale, IPO and buyback. The firm makes investments through personal capital. PRIVATE EQUITY, Rosinger Anlagentechnik GmbH & Co KG was founded in 1993 and is based in Schwanenstadt, Austria with an additional office in Vienna, Austria.

Xevin Investments

Xevin Investments offer include investment and advisory services. The fund is interested both in companies and projects in the initial phase of development, unable to achieve further business goals due to insufficient capital, and in thriving companies in need of additional investment to achieve their milestones in the pursuit of competitive advantage.

ZGI Capital

ZGI Capital is a private equity and venture capital firm based in Riga, Latvia, established in 2005. The firm specializes in investments across various stages, including seed/startup, early venture, and growth capital, with a particular focus on the Fintech sector. It primarily targets opportunities within the Baltics and CIS countries, investing amounts ranging from €0.5 million to €1 million, and potentially up to €5.7 million with additional financing. ZGI Capital typically takes minority stakes, holding up to 49% equity, and may also provide loans under certain circumstances. The firm's investment horizon spans three to six years, with exits achieved through the sale of stakes to other investors. ZGI Capital manages the "ZGI fund," which supports entrepreneurs in need of start-up capital and has a total asset pool of €7.4 million, allowing it to finance projects up to €30 million when combined with bank financing. The firm does not engage in sectors such as synthetic fiber manufacturing, transportation, agriculture, or retail trade.

Russia Partners

Russia Partners Management, LLC is a prominent private equity firm founded in 1991, specializing in a wide array of investment strategies including early venture, middle market, and turnaround investments. With over $1 billion in assets under management, the firm primarily focuses on sectors such as consumer goods, healthcare, industrials, technology, and financial services. It targets investments in the CIS region, particularly in Russia and neighboring countries, seeking opportunities that range from $5 million to $50 million. The firm typically pursues control or significant minority positions and may take board seats in its portfolio companies. Since its inception, Russia Partners has invested in more than 60 companies, including notable names like MTV Russia and EPAM Systems. Its team of about 20 specialized investment professionals combines local market expertise with advanced Western education, enabling the firm to attract institutional investments from the U.S. and abroad. As a wholly-owned subsidiary of Siguler Guff & Company, LP, Russia Partners emphasizes long-term partnerships with entrepreneurs, providing not only capital but also strategic insights to foster growth and sustainability.

The Sputnik Group

The Sputnik Group, Advisory Arm provides financial advisory services. It offers mergers and acquisitions advisory and strategic transactions consulting services. Additionally, the firm provides operational management, strategy development, and operational control services. The Sputnik Group, Advisory Arm is based in Moscow, Russian Federation. The Sputnik Group, Advisory Arm operates as a a subsidiary of The Sputnik Group.

Altair LLC

Altair LLC is a venture capital firm that focuses on investing in early and growth stage startup companies across various sectors. The firm seeks out businesses with disruptive ideas and significant return potential, aiming to support promising teams and key players in the startup ecosystem. Altair's portfolio includes notable companies that have emerged from top incubators, highlighting its commitment to fostering innovation and entrepreneurship. Through its strategic investments, Altair LLC plays a vital role in nurturing the next generation of industry leaders.

HANHONG Private Equity Management

Hanhong Private Equity Management Company Limited is a Beijing-based investment firm established in August 2009. Specializing in both direct investments and fund of funds, the firm targets private equity opportunities primarily within the mining industry, natural resources, ore trading, petroleum extraction, and the finance sector. Hanhong focuses on companies located in Central Asia, Kazakhstan, China, Japan, North America, and Europe, with a particular emphasis on domestic small-loan finance and mining companies. The firm also maintains an additional office in Shanghai, China.

Sistema_VC

Sistema Venture Capital is the venture capital arm of AFK Sistema, established in 2016 and headquartered in Moscow, Russia, with an additional office in London, United Kingdom. The firm specializes in investing in growth-stage technological companies and early-stage startups, primarily focusing on sectors such as artificial intelligence, machine learning, cognitive technologies, software as a service (SaaS), platform as a service (PaaS), internet of things, and virtual and augmented reality. Sistema Venture Capital aims to acquire both minority and controlling stakes, typically investing around $10 million in projects, to help establish market leaders within three to five years. The firm emphasizes its commitment to backing innovative internet and technology companies while avoiding investments in ventures where founders have lost control. Its investment strategy is global, targeting markets in the US, UK, Western Europe, Russia, Israel, and other CIS nations. Through its extensive network and expertise, Sistema VC provides support and mentorship to entrepreneurs, connecting them with valuable professionals and prospective partners.

Alcazar Capital

Alcazar Capital Limited is a private equity firm based in Dubai, specializing in buyout investments across various sectors, including telecom infrastructure, fintech, energy, healthcare, logistics, real estate, and education. The firm focuses on emerging markets in Sub-Saharan Africa, the MENA region, South East Asia, India, and the Commonwealth of Independent States, while also investing in developed markets. With a portfolio that exceeds $1.0 billion in assets under management, Alcazar Capital typically seeks to acquire a majority stake in its portfolio companies. Additionally, the firm offers financial advisory services to smaller organizations and manages client-focused investment portfolios. Established in 2007, Alcazar Capital employs a combination of fundamental and quantitative analysis, along with in-house research, to guide its investment strategies.

NCH X

NCH Capital Inc. is a private equity and venture capital firm established in 1993 and headquartered in New York. The firm focuses on various investment strategies, including incubation, growth capital, and turnaround investments, particularly in emerging markets. NCH Capital specializes in sectors such as consumer products, financial services, real estate, and agribusiness, including agricultural land and related infrastructure. The firm primarily targets investments in Eastern Europe, including countries like Ukraine, Russia, and Romania, as well as in Brazil's public equity markets. NCH Capital typically seeks both control and minority stakes in its portfolio companies and prefers to take active roles, often securing board seats. With additional offices across Europe, Asia, and South America, NCH Capital aims to leverage local opportunities through its diverse investment strategies.

Black River Ventures

Black River Ventures (BRV) is committed to supporting passionate entrepreneurs who build disruptive, world-changing companies. We believe that only exceptional and capable teams can turn great ideas into outstanding businesses. Black River Ventures is investing into innovative companies across the European technology space, primarily in the IT and Internet segments. We are convinced that the European online audience of 400M+ people, the second largest market after China, provides appealing opportunities for Europe-born global companies. We partner with early and growth stage visionary companies aiming to become industry leaders. Our mission is to provide smart capital for long-term growth by leveraging the collective experience and expertise of the BRV team based in the EU and US.

Global Natural Resource Investments

Global Natural Resource Investments is a private equity firm that focuses on growth equity investments and strategic acquisitions of undervalued assets within the natural resources sector. Founded in 2006 and headquartered in London, the firm primarily targets investments in oil and gas, metals and mining, as well as power and renewable energy projects. Its investment strategy encompasses energy projects in regions such as India and Kazakhstan, and mining ventures in South Africa, Peru, and Australia. The firm typically invests between $50 million and $200 million and aims to secure a board seat in its portfolio companies, often inviting co-investors to participate in transactions. Global Natural Resource Investments exits its investments primarily through trade sales rather than initial public offerings. The firm maintains additional offices in New York, Sydney, Dubai, and Doha, reflecting its global reach while excluding the United States from its investment focus.

Winno Moscow

Winno Moscow, previously known as NumaMoscow, is a venture capital firm and accelerator based in Moscow, Russia. It focuses on both direct and indirect investments, emphasizing incubation, seed, startup, middle market, and recapitalization investments. The firm specializes in venture capital fund investments and primarily targets B2B startups across various sectors, including retail technology, fintech, edtech, HR technology, health technology, property technology, augmented and virtual reality, artificial intelligence, and media technology. Winno Moscow operates a six-month accelerator and growth program, offering seed funding of up to €25,000. The firm typically invests amounts ranging from $10,000 to $20,000 and aims to acquire a 10 percent equity stake in its portfolio companies. Its investment focus extends across Russia, the CIS, and Eastern Europe.

AVG Capital Partners

AVG Capital Partners is a venture capital and private equity firm established in 2007, headquartered in Limassol, Cyprus, with an additional office in Moscow, Russia. The firm specializes in direct and fund of fund investments, focusing primarily on the agro-industrial sector across Central and Eastern Europe, including countries such as Belarus, Moldova, Ukraine, and several others in the region. AVG Capital Partners invests in startups and companies at various stages, including seed, series A, series B, and buyouts, with a particular emphasis on the agricultural industry and related sectors such as fintech, e-commerce, and renewable energy. The firm typically seeks to invest a minimum of $1 million and prefers to take a majority stake in the companies it backs. AVG Capital Partners aims to exit its investments through IPOs, private placements, or sales to strategic investors within a three to seven-year timeframe. Additionally, the firm engages in co-investments in poultry production.

Fiera Capital (Asia)

Fiera Capital (Asia) operates through Clearwater Capital Partners, an investment firm specializing in private equity, distressed debt, and credit investments focused on companies across the Asia region. The firm offers investors access to a diverse range of special-situation investments in both public and private debt or equity, particularly targeting small-to-medium-sized enterprises that often face capital constraints. By assisting these companies with financial and operational restructurings, Clearwater Capital has established itself as a trusted partner to banks, brokers, and other business intermediaries in the region. Following its merger with Fiera Capital in August 2018, Clearwater Capital manages approximately $1.4 billion in assets, contributing to Fiera Capital's broader portfolio, which exceeds $111 billion in traditional and alternative assets.

Softline Venture Partners

Softline Venture Partners is a corporate venture fund established in 2008 as part of Softline Group, focusing on seed-to-early-stage investments in software technology companies within the Russian and CIS markets. The fund has invested approximately $20 million in 20 portfolio companies, with individual project investments ranging from $100,000 to $1 million. As a stage-agnostic investor, Softline Venture Partners engages with businesses across various technology sectors, including cybersecurity, cloud computing, Big Data, Artificial Intelligence, Internet of Things, and Edge Computing. The extensive reach and capabilities of Softline Group, which operates in 50 countries and serves over 60,000 customers, provide unique opportunities for its portfolio companies to scale their business models and enhance sales through established sales channels worldwide.

UFG Private Equity

UFG Private Equity is a private equity and venture capital firm based in Moscow that specializes in growth capital, leveraged buyouts, and mezzanine financing for small and medium-sized companies in Russia and the Commonwealth of Independent States (CIS). Founded in 2005, the firm focuses on sectors such as healthcare, business processes outsourcing, telecommunications, technology, consumer staples, and retail, although it is not restricted to specific industries. UFG Private Equity typically invests between $15 million and $75 million in companies generating total revenues of $20 million to $400 million, seeking to acquire a majority stake of at least 25%. The firm generally aims to exit its investments within three to five years. With total investments and commitments exceeding $712 million across its funds, UFG Private Equity also offers co-investment opportunities for larger deals. It operates as a subsidiary of UFG Asset Management, which provides a broader range of asset management services in the region.

SigmaBleyzer

SigmaBleyzer is a private equity firm founded in 1994, with its headquarters in Texas and additional offices in Ukraine, Romania, and Kazakhstan. The firm focuses on control investments in turnaround and distressed situations, primarily targeting buyouts in North America and Central and Eastern Europe. Currently, SigmaBleyzer manages assets valued at around $1 billion across six investment vehicles, leveraging its extensive experience and regional presence to identify and capitalize on investment opportunities.

NDX Group, UAB

UAB NDX Energija private investment firm specializing in small to mid-cap size investments in fast moving consumer goods. It prefers to invest in pet foods sector. It seeks to invest in companies based in Central and Eastern Europe, United States and Canada. The firm typically invests between €10 million ($11.3 million) and €50 million ($56.51 million) in companies with enterprise values between €20 million ($22.6 million) and €150 million ($169.52 million); sales values between €25 million ($28.25 million) and €150 million ($169.52 million); and EBITDA between €2 million ($2.26 million) and €15 million ($16.95 million). It generally invests through its balance sheet investments. UAB NDX energija was founded on April 29, 2003 and is based in Vilnius, Lithuania.

Pharmstandard Ventures

Pharmstandard Ventures is the venture capital arm of PJSC Pharmstandard specializing in early stage biopharmaceutical start-ups. It primarily invest in drug discovery, therapeutic areas and oncology. The firm would normally consider in-licensing opportunity for the territory of Russia/ CIS, Ukraine, Kazakhstan, Belarus, Uzbekistan, Turkmenistan, Azerbaijan, Georgia, Armenia, Kyrgyzstan, Tajikistan and Moldova. The Pharmstandard Ventures is based in Moscow, Russia.

Incofin Investment Management

Incofin Investment Management is a private equity firm based in Wilrijk, Belgium, that specializes in investing in microfinance institutions (MFIs) and small to medium enterprises (SMEs) in developing countries. The firm focuses on providing financial services, including credit, savings, and insurance, to underserved populations, particularly in rural areas and the agricultural sector. Incofin IM typically makes debt, equity, and guarantee investments, while ensuring it does not become a majority shareholder in the MFIs it supports, thus participating actively in governance. It primarily targets investments in regions such as Sub-Saharan Africa, Central Asia, and Southeast Asia, with a commitment to investing at least 25% in African, Caribbean, and Pacific countries. The firm has a strong emphasis on financial inclusion, seeking to enhance access to financial services for smallholder farmers and those involved in agricultural value chains. With 15 years of experience in impact investing, Incofin IM aims to create positive social outcomes alongside financial returns.

Prometheus Capital Partners

Prometheus Capital Partners is a private equity firm that focuses on investing in middle market companies, primarily in Russia and other former-Soviet republics. The firm has a broad investment mandate that includes various industries, with particular emphasis on retail and other services, food production, and consumer-related manufacturing. Prometheus typically targets companies with revenues exceeding $50 million and aims for an average deal size of around $50 million. The firm generally seeks to exit its investments within a timeframe of four to seven years. While its primary focus is on Russian companies, Prometheus may consider investments in other CIS countries on an exceptional basis. The firm is headquartered in Moscow, Russia.

VTB Capital, Private Equity and Special Situations

VTB Capital, Private Equity and Special Situations is a private equity arm of VTB Capital plc, specializing in buyouts, mature and emerging growth investments. The firm seeks to invest in infrastructure and real estate. It seeks to invest in consumer driven industries, health, finance, TMT, media, transportation, food retail and business segments. It seeks to invest in Russia and other CIS countries. It primarily would invest minimum of 60 per cent and a maximum of 80 per cent in Russia and will invest a minimum of 20 per cent and a maximum of 30 per in Kazakhstan. The investments into other CIS countries will be less than 15 per cent and will be limited to pre-IPO minority stakes in vertically integrated agricultural enterprises. It typically invests between $25 million and $75 million in companies with turnover between $50 million and $500 million. The firm always co-invests and takes controlling or significant minority stakes in portfolio companies. It exits through public listings or trade sales, normally over a period of three to five years. VTB Capital, Private Equity and Special Situations was founded in 2008 and is based in Moscow, Russian Federation.

EBRD (Investment Firm)

The European Bank for Reconstruction and Development (EBRD) is an investment firm established in 1991 to support the development of market economies and democracies in Central and Eastern Europe and Central Asia. As the largest single investor in the region, the EBRD focuses on private enterprises, investing primarily in minority equity positions and participating in private equity funds that target medium-sized companies seeking expansion. The firm mobilizes significant foreign direct investment and provides project financing for a variety of sectors, including banking, industry, and municipal services. It collaborates with publicly owned companies to facilitate privatization and restructuring efforts. The EBRD operates in countries committed to democratic principles and emphasizes strong corporate governance and environmental respect in all its investments. With a portfolio exceeding €130 billion across over 5,200 projects, the EBRD has also extended its financing initiatives to the Middle East and Africa, leveraging its expertise to foster economic growth and transformation.
Made 2 investments in Kazakhstan

Tmt Investments

TMT Investments PLC invests in high-growth technology companies across a number of core specialist sectors and has a significant number of Silicon Valley investments in its portfolio. Founded in 2010, TMT has invested in over 45 companies to date and has latest announced net assets of US$82million. The Company’s objective is to generate an attractive rate of return for shareholders, predominantly through capital appreciation. The Company is traded on the AIM market of the London Stock Exchange. www.tmtinvestments.com.

500 Labs

500 Global, formerly known as 500 Startups, is a venture capital firm and incubator based in Mountain View, California, founded in 2010. The firm specializes in seed investments, primarily focusing on early-stage technology and financial services startups across various sectors, including biotech, e-commerce, fintech, and digital healthcare. 500 Global operates a four-month accelerator program, where it typically invests between $0.05 million and $1 million for a 5 to 10 percent equity stake in companies with at least $100,000 in monthly revenue. The firm targets a global market, with particular emphasis on regions such as the Middle East, Asia, Europe, and Latin America. Since its inception, it has invested in over 2,200 startups and supports the growth of innovation ecosystems through educational programs and partnerships. 500 Global also prioritizes investments in companies led by minority founders, reflecting its commitment to diverse entrepreneurial leadership.
Made 1 investments in Kazakhstan

Partners Group

Partners Group is a global alternative asset manager with strong Swiss roots, headquartered in Zug, Switzerland. The firm specializes in private equity, private real estate, private infrastructure, and private debt, managing a diverse range of customized portfolios for institutional clients worldwide. With over CHF 19.2 billion in private equity assets and a global team of more than 1,500 professionals across numerous offices, Partners Group is recognized as one of the largest private equity asset managers globally. The firm's extensive investment portfolio includes 47% in private equity, 16% in private real estate, 14% in infrastructure, and 23% in private debt. Partners Group's commitment to providing innovative and tailored investment solutions has established it as a prominent player in the alternative asset management sector.

Macquarie Bank

Macquarie Bank Limited, founded in 1969 and headquartered in Sydney, Australia, is a prominent financial institution that offers a comprehensive range of commercial banking and retail financial services. It provides personal banking, business banking, wealth management, and vehicle finance products to retail clients, advisors, brokers, and corporate customers. The bank is involved in asset and mortgage-backed securitization, institutional and commodity financing, and financial advisory services. Additionally, Macquarie Bank offers corporate and structured finance, home loans, and leasing services, while also engaging in trading across various asset classes including fixed income, equities, and foreign exchange. With operations in Australia, the Americas, Europe, the Middle East, Africa, and the Asia Pacific, Macquarie Bank serves a diverse clientele, including institutional, corporate, and retail clients. As a subsidiary of Macquarie Group, it adheres to regulations set forth by the Australian Prudential Regulation Authority.