Baiterek Venture Fund

Overview

Established in 2014, Baiterek Venture Fund is a private equity fund based in Kazakhstan, focusing on direct investments in promising companies within the non-resource sectors of the economy. The fund operates under the umbrella of the National Managing Holding Baiterek and is a 100% subsidiary of Qazaqstan Investment Corporation JSC. The fund's investment strategy targets companies at various stages, including early growth, expansion, and buyout. It seeks to invest in commercially viable projects across sectors such as manufacturing, transportation, logistics, services, renewable energy, and agriculture. Baiterek Venture Fund collaborates with international financial institutions like the European Bank for Reconstruction and Development (EBRD) and the Asian Development Bank (ADB) to co-invest in large, capital-intensive projects. Since its inception, the fund has invested in numerous projects, with a portfolio comprising companies from diverse industries. Its approach emphasizes active portfolio management, providing strategic guidance, financial oversight, and governance support to its investees. The fund's mission is to foster sustainable economic development in Kazakhstan by supporting the growth and maturity of non-resource sector companies.

Investment Focus

• Commercial viability
• Alignment with Kazakhstan's industrial-innovative development program