Kazyna Capital Management

Kazyna Capital Management (KCM) is a fund of funds based in Astana, Kazakhstan. Established in 2007, KCM makes private equity investments. Within fund of fund investments, the agency invests in private equity, venture capital, and infrastructure funds. Kazyna Capital Management invests in Kazakhstan, CIS countries, and emerging markets. The company operates as an investment arm of National Holding Company Baiterek. The investments of the firm are governed by a board of directors.