New Nurly Investment Fund may be launched in 1H2018

Kazyna Capital Management (KCM), a subsidiary of Baiterek state holding announced the details of establishing Eurasian Nurly Investment Fund, says LS

KCM added that Eurasian Nurly Investment Fund’s Term Sheet was signed earlier with foreign partners whereunder the parties expect to sign all required documents for establishing the Fund and to launch it in 1H2018.

“As expected the Fund will be established with a $400 million target size. Core investment of the Fund will be made in implementation of projects within Kazakhstan in various sectors of the economy such as infrastructure development, natural resources processing, logistics, information technology, manufacturing, agro-industrial complex and others”, says the top management.

KCM reminded that huge efforts were made for attracting foreign investors and investment in this Fund in 2017.

“In particular, last November the Company held a number of meetings in Beijing and Hong Kong with representatives of CITIC, China-Eurasian Economic Cooperation Fund, AIFG and other major investors from China. As a result, the arrangements were reached for increasing the Fund’s size and investment commitments in Kazakhstan. Therefore the additional international institutional and private investors (CITIC, CEF, AIFG) were attracted to the Fund”, was added by KCM.

According to previous message of LS, Baiterek expects to establish Chinese-Eurasian Nurly Investment Fund.

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