The EDB will set up the Central Asia and Caucasus Private Equity Fund (CACPEF) alongside China Investment Corporation, Oman Investment Authority, the Fund for Reconstruction and Development of Uzbekistan, Turkish fund OYAK, and Shenwan Hongyuan Securities.
The fund will invest in promising regional companies, pooling capital, expertise, and business networks from institutional investors across China, the Middle East, and Central Asia. It will help businesses access the industry expertise, technologies, and market resources of its partners.
Daniyar Imangaliev, deputy chairman of the EDB management board, noted that participating in the fund’s preparation will help channel additional resources into member economies and support the growth of regional companies.