Key Takeaways
- • The Eurasian Development Bank (EDB) is establishing the Central Asia and Caucasus Private Equity Fund (CACPEF) to invest in promising companies across Central Asia and the Caucasus.
- • Founding participants include China Investment Corporation (CIC), Oman Investment Authority (OIA), Uzbekistan Fund for Reconstruction and Development (UFRD), Turkey's OYAK, the EDB, and Shenwan Hongyuan Securities Co., Ltd.
- • The fund is designed to pool long-term capital and industry resources to support the region's industrial development and help portfolio companies access partners' technologies and market networks.
- • The EDB positions its participation as a means of attracting additional resources to member-state economies and supporting regional company growth.
Summary
The Eurasian Development Bank (EDB) has announced the formation of a new private equity vehicle, the Central Asia and Caucasus Private Equity Fund (CACPEF), according to a statement reported by 24.KG. The fund is being set up with the joint participation of China Investment Corporation (CIC), Oman Investment Authority (OIA), Uzbekistan Fund for Reconstruction and Development (UFRD), Turkish fund OYAK, the EDB, and Shenwan Hongyuan Securities Co., Ltd.
The fund's stated objective is to invest in promising companies in Central Asia and the Caucasus, pooling long-term capital and industry resources to support the region's industrial development. The EDB said the partners' expertise in international investment, knowledge of local markets and financial services capabilities would give regional companies access to partner industry expertise, technologies and market resources, while expanding investment cooperation across the region.
EDB analysts noted that companies in the region require long-term capital to expand operations and enter new markets. The bank argues that combining cooperation with partners from China, Oman, Uzbekistan and Turkey with its regional expertise will bring international investment opportunities to the region. EDB Deputy Chairman of the Management Board Daniyar Imangaliyev said participation in the fund is one of the bank's ways to attract additional resources to member-state economies and support the growth of regional companies.
The source material does not disclose the fund's target size, closing timeline, or governance structure.
The fund's stated objective is to invest in promising companies in Central Asia and the Caucasus, pooling long-term capital and industry resources to support the region's industrial development. The EDB said the partners' expertise in international investment, knowledge of local markets and financial services capabilities would give regional companies access to partner industry expertise, technologies and market resources, while expanding investment cooperation across the region.
EDB analysts noted that companies in the region require long-term capital to expand operations and enter new markets. The bank argues that combining cooperation with partners from China, Oman, Uzbekistan and Turkey with its regional expertise will bring international investment opportunities to the region. EDB Deputy Chairman of the Management Board Daniyar Imangaliyev said participation in the fund is one of the bank's ways to attract additional resources to member-state economies and support the growth of regional companies.
The source material does not disclose the fund's target size, closing timeline, or governance structure.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.