Baiterek Venture Fund obtains a KZT 300 million net profit as of 2017-end

As it was informed, in 2017 Baiterek Venture Fund (BVF) completed its optimization, improved the structure and quality of investment portfolio resulting in increased return on investment.

“Last year we optimized the investment business of BVF. As a result, we managed to obtain profit from our invested projects. For example, we sold the bulk of our stake in the project for production of safe and environmentally friendly emulsion explosives resulting in obtaining a KZT 179 million investment income. Also the investment portfolio was increased by over KZT 2.5 billion through investing in the project for construction of Makinsk Poultry Farm”, reported Askar Dostiyarov, Chairman of the Management Board of Kazyna Capital Management, whose words are contained in the message.

For 2018 BVF generated a list of advanced projects totaling KZT 10 billion for financial support of the domestic business in the regions. As expected the investment will be made in non-oil and gas sectors of the economy, support of exports and development of private entrepreneurship.

Baiterek Venture Fund (BVF) is a Kazakh private equity fund with Kazyna Capital Management JSC as investor. BVF participates in the projects in priority sectors of the national economy by providing equity financing. Fund’s capitalization amounts to KZT 12.7 billion.

Kazyna Capital Management (KCM) is a fund of private equity funds established in 2007 to promote the sustainable development of the national economy. The Funds of KCM’s family provide capital to companies in various sectors of the economy for further growth and competitiveness enhancement. KCM is among the Companies owned by Baiterek National Management Holding JSC.

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Kazyna Capital Management JSC
Changes in the membership of the Board of Directors of "Kazyna Capital Management" JSC.

"Kazyna Capital Management" JSC informs about the early termination .....

Kazyna Capital Management is headed by Ardak Kassymbek

On 30 May 2018 by the resolution of the Management Board of National Managing Holding “Baiterek” JSC Ardak Makhmuduly Kassymbek was elected as the Chairman of the Management Board of Kazyna Capital Management JSC.

of Holding
Baiterek made report on the progress of «Nurly Zher» program realization

Today the results of «Nurly Zher» housing construction program realization for 9 months of 2017 were considered at the meeting of the Administration. «Baiterek» Holding works on four of five main areas of the program.

Даурен Онаев: «Изменения в нормативно-правовую базу по долевому строительству увеличат количество объектов на получение гарантии фонда»

Даурен Онаев отметил, что поправки в законодательство инициированы Министерством по инвестициям и развитию на основе анализа ситуации по строительным компаниям, не получившим гарантию фонда.

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