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2010 December
Kazyna Capital Management Kazakhstan fund of funds
Corporate presentation
Reasons of establishment and scope of activity
KCM
Investment in following groups of investment funds:
Kazakhstan oriented funds
Global funds
Regional funds
Financing of the companies in the following sectors:
Electric power (including alternative power generation)
Infrastructure
Small and medium enterprise
Ratio of investment volume attracted to the Republic of Kazakhstan on the volume of KCM commitments reached 2.3.
Target capitalization of PEF in the KCM’s portfolio reached US$ 3.3 bln;
Foundation of КСМ
7 March 2007
Established Funds
Aureos Central Asia Fund L.L.C.
Major stages of Kazyna Capital Management development
Established Funds
Falah Growth Fund L.P.
Kazakhstan Growth Fund L.P.
Kazakhstan-Tajikistan Private Equity Fund JSC
Established Funds
Macquarie Renaissance Infrastructure Fund L.P.
CITIC Kazyna Investment Fund I L.P.
Wolfensohn Capital Partners L.P.
KCM established relationships with international and regional financial organizations like: European Bank for Reconstruction and Development, International Financial Corporation, CITIC Group, Wolfensohn & Co, Vnesheconombank, Renaissance Capital, Macquarie Group, etc.
Results
Established Funds
ADM Kazakhstan Capital Restructuring Fund C.V.
Kazakhstan Hong Kong Development Fund C.V.
Planned Funds
Russian-Kazakhstan venture fund for nanotechnologies
Fund NameTarget
capitalisation (US$ mln.)
Investment volume in Kazakhstan (US$
mln.) Investors Target industries
Macquarie Renaissance Infrastructure Fund
1000-1500 200 -300 KCM, IFC, EBRD, Vnesheconombank, Macquarie Group, Renaissance Group
Transport and power generation infrastructure (incl.: automobile and railroads, airports, ports, power supply sources and other)
Falah Growth Fund 500 200 KCM, IPIC, Ordabasy Corporation
Oil and gas, power generation, financial sector, IT and other
Kazakhstan Hong Kong Development Fund
400 400 KCMOil & gas, mining an processing of mineral resources, services and infrastructure related to mining, commodities trading
Wolfensohn Capital Partners
250 - KCM and other institutional investors
Alternative energy, financial sector, retail
ADM Kazakhstan Capital Restructuring Fund
180-225 180-225 KCM, EBRD SME in non-extractive sectors
CITIC Kazyna Investment Fund I
200 100 KCM, CITIC Capital Holdings, CITIC Group
Transport infrastructure, financial sector, heavy industry, IT and other
Kazakhstan Growth Fund 125 87,5 KCM, EBRD Food production industry (production and packaging), primary extraction equipment and services, metallurgy, wood processing, textile
Aureos Central Asia Fund 70 35 KCM, IFC, CDC, FMO, EBRD, DBJ
SME (incl.: processing and food processing industry, information technology industry, pharmaceutical and other)
Kazakhstan-Tajikistan Private Equity Fund
32 - KCM and State Committee on Investments and State Property Management of the Republic of Tajikistan
Electric-power industry, extraction and processing of mineral resources, processing of agricultural products, textile, tourism
Total: 2 757 – 3 302 1 202,5 - 1 347,5
Investment Portfolio of Kazyna Capital Management
Target capitalisation US$ 1 000 000 000 - 1 500 000 000
Target return (IRR) 20% annual, after all operational and other costs
Term of the fund
10-14 years
Investment period 4 years
Investors Kazyna Capital Management, International Finance Corporation, European Bank for Reconstruction and Development, Vnesheconombank, Macquarie Group, Renaissance Group.
Target regionRussia (min. 50% of total Fund capitalization), Kazakhstan (min. 20% of total Fund capitalization and other CIS states
Target industries infrastructure
Macquarie Renaissance Infrastructure Fund
Kazyna Capital Management: Investment Portfolio (1)
Target capitalisation US$ 500 000 000
Target return (IRR) Not less than 20% annually, after all operational and other costs
Term of the fund
10-13 years
Investment period 3-5 years
Investors Kazyna Capital Management, International Petroleum Investment Company, Ordabasy Corporation.
Target region Kazakhstan (not less than 40% of total Fund capitalization), CIS
Target industries oil and gas; electric-power industry; real estate; financial sector; information technologies.
Falah Growth Fund
Kazyna Capital Management: Investment Portfolio (2)
Target capitalisation US$ 400 000 000
Target return (IRR) Not less than 20% annually, after all operational and other costs
Term of the fund
7-9 years
Investment period 4-5 years
Investors Kazyna Capital Management, Kanford Investment Limited, Chow Tai Fook Nominee Limited, Treasure Way Holdings Ltd., Sunlight Far East Limited
Target region Kazakhstan
Target industries oil and gas; mining and processing; infrastructure and services related to mining; commodities trading;
Kazakhstan Hong Kong Development Fund
Kazyna Capital Management: Investment Portfolio (3)
Target capitalisation US$ 250 000 000
Target return (IRR) Not less than 20% annually, after all operational and other costs
Term of the fund
10-13 years
Investment period 5 years
Investors Kazyna Capital Management, other institutional investors.
Target regionBRIC (Brazil, Russia, India and China), Bangladesh, Egypt, Indonesia, Iran, Korea, Mexico, Nigeria, Pakistan, Philippines, Turkey and Vietnam and other developing countries.
Target industries alternative energy; financial services; retail.
Wolfensohn Capital Partners
Kazyna Capital Management: Investment Portfolio (4)
Target capitalisation US$ 180 000 000 – 225 000 000
Target return (IRR) 20% annual, after all operational and other costs
Term of the fund
5-8 years
Investment period 3-4 years
Investors Kazyna Capital Management, European Bank for Reconstruction and Development
Target region Kazakhstan
Target industries SMEs in non-extractive industries
ADM Kazakhstan Capital Restructuring Fund
Kazyna Capital Management: Investment Portfolio (5)
Target capitalisation US$ 200 000 000
Target return (IRR) 20% annual, after all operational and other costs
Term of the fund
10-12 years
Investment period 5 years
Investors Kazyna Capital Management, CITIC Capital Holdings, CITIC Group
Target regionKazakhstan (50% of total Fund capitalization) and the People’s Republic of China (50% of total Fund capitalization)
Target industries transport infrastructure; financial sector; other non-extractive industries.
CITIC-Kazyna Investment Fund I
Kazyna Capital Management: Investment Portfolio (6)
Target capitalisation US$ 125 000 000
Target return (IRR) 20% annual, after all other operational and other costs
Term of the fund
10-11 years
Investment period 4-5 years
InvestorsKazyna Capital Management, European Bank for Reconstruction and Development
Target regionKazakhstan (70% of Fund capitalization), Russia, Kyrgyzstan, Uzbekistan, Tajikistan and Turkmenistan
Target industries food production industry (processing and packaging); primary extraction equipment and services; metallurgy; wood processing; textile production and processing; other non-extractive industries.
Kazakhstan Growth Fund
Kazyna Capital Management: Investment Portfolio (7)
Target capitalisation US$ 70 000 000
Target return (IRR) Not less than 20% annually, after all operational and other costs
Term of the fund
10-12 years
Investment period 5 years
Investors Kazyna Capital Management, International Finance Corporation, CDC Group, FMO, European Bank for Reconstruction and Development, Development Bank of Japan.
Target regionKazakhstan (not less than 50% of the fund capitalization), Central Asia and Caucasus
Target industries manufacturing; food processing; information technologies; telecommunications; pharmaceutical; other non-extractive industries.
Aureos Central Asia Fund
Kazyna Capital Management: Investment Portfolio (8)
Target capitalisation US$ 32 000 000
Target return (IRR) 20% annual, after all operational and other costs
Term of the fund
10-11 years
Investment period 5-6 years
Investors Kazyna Capital Management and State Committee on Investments and State Property Management of the Republic of Tajikistan
Target region Tajikistan
Target industries electric-power industry; extraction and processing of mineral resources; processing of agricultural products; textile; tourism.
Kazakhstan-Tajikistan private equity fund
Kazyna Capital Management: Investment Portfolio (9)
Kazyna Capital Management
291/3a Dostyk, ave. 2nd floor 050050, Almaty, Kazakhstan tel.: +7 (727) 334 14 17 fax: +7 (727) 334 14 18 e-mail: [email protected]
