Key Takeaways
- • The Eurasian Development Bank (EDB), together with international financial institutions and investors, is preparing to establish the Central Asia and Caucasus Private Equity Fund (CACPEF) to channel long-term capital into companies across the region, according to UzDaily.uz.
- • Named participants include China Investment Corporation (CIC), the Oman Investment Authority (OIA), Uzbekistan's Fund for Reconstruction and Development (UFRD), Turkish fund OYAK, the EDB and Shenwan Hongyuan Securities Co., Ltd., with Central Asian sovereign wealth funds, regional development banks and pension funds also invited to participate.
- • The EDB's cumulative investment portfolio stood at 348 projects worth US$22.1 billion as of end-June 2026, with the fund aligned to the bank's 2027–2031 Strategy on attracting international capital to member states.
- • The initiative builds on recent EDB expansion steps, including an October 6, 2026 agreement with Oman's Ministry of Finance and the bank's debut dim sum bonds issued in Hong Kong in October 2026.
Summary
The Eurasian Development Bank is preparing to establish the Central Asia and Caucasus Private Equity Fund (CACPEF) alongside international financial institutions and investors, according to UzDaily.uz. The vehicle is intended to attract long-term capital to promising companies in Central Asia and the Caucasus and to support industrial development across the region.
The announced participants are China Investment Corporation (CIC), the Oman Investment Authority (OIA), Uzbekistan's Fund for Reconstruction and Development (UFRD), Turkish fund OYAK, the EDB and Shenwan Hongyuan Securities Co., Ltd. Sovereign wealth funds from Central Asian countries, regional development banks, pension funds and other financial institutions are also being invited to join. Participants plan to combine long-term capital with the industry expertise and business networks of investors in China, the Middle East and the region. They argue that deeper trade and economic cooperation between China and Central Asia is creating new investment opportunities, and that the fund could help regional companies access international capital, technology, industry expertise and new markets.
The EDB said the initiative aligns with its 2027–2031 Strategy, which provides for attracting international capital to member states, including through specialised investment funds. EDB Deputy Chairman of the Management Board Daniyar Imangaliyev said that partnering with China, Oman, Uzbekistan and Türkiye would let the bank combine international investment opportunities with its knowledge of the region, and that participation in the fund is one way to attract additional resources to member economies.
The fund forms part of the bank's broader push to deepen cooperation with partners in China and the Middle East. On October 6, 2026, the EDB and Oman's Ministry of Finance signed an agreement setting out the terms of the bank's presence in the sultanate, the first step in Oman's accession process to the EDB. The bank also maintains a representative office at Abu Dhabi Global Market, and in October 2026 issued its debut dim sum bonds in Hong Kong.
As of the end of June 2026, the bank's cumulative portfolio comprised 348 projects worth a total of US$22.1 billion, mostly directed to projects with regional integration benefits in transport infrastructure, digital systems, green energy, agriculture, industry and mechanical engineering. Under its 2022–2026 Strategy, the EDB is implementing three megaprojects: the Central Asian Water and Energy Complex, the Eurasian Transport Framework and the Eurasian Commodity Distribution Network. The EDB is a multilateral development bank operating across Eurasia.
The announced participants are China Investment Corporation (CIC), the Oman Investment Authority (OIA), Uzbekistan's Fund for Reconstruction and Development (UFRD), Turkish fund OYAK, the EDB and Shenwan Hongyuan Securities Co., Ltd. Sovereign wealth funds from Central Asian countries, regional development banks, pension funds and other financial institutions are also being invited to join. Participants plan to combine long-term capital with the industry expertise and business networks of investors in China, the Middle East and the region. They argue that deeper trade and economic cooperation between China and Central Asia is creating new investment opportunities, and that the fund could help regional companies access international capital, technology, industry expertise and new markets.
The EDB said the initiative aligns with its 2027–2031 Strategy, which provides for attracting international capital to member states, including through specialised investment funds. EDB Deputy Chairman of the Management Board Daniyar Imangaliyev said that partnering with China, Oman, Uzbekistan and Türkiye would let the bank combine international investment opportunities with its knowledge of the region, and that participation in the fund is one way to attract additional resources to member economies.
The fund forms part of the bank's broader push to deepen cooperation with partners in China and the Middle East. On October 6, 2026, the EDB and Oman's Ministry of Finance signed an agreement setting out the terms of the bank's presence in the sultanate, the first step in Oman's accession process to the EDB. The bank also maintains a representative office at Abu Dhabi Global Market, and in October 2026 issued its debut dim sum bonds in Hong Kong.
As of the end of June 2026, the bank's cumulative portfolio comprised 348 projects worth a total of US$22.1 billion, mostly directed to projects with regional integration benefits in transport infrastructure, digital systems, green energy, agriculture, industry and mechanical engineering. Under its 2022–2026 Strategy, the EDB is implementing three megaprojects: the Central Asian Water and Energy Complex, the Eurasian Transport Framework and the Eurasian Commodity Distribution Network. The EDB is a multilateral development bank operating across Eurasia.
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