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Kazyna Capital Management plans to organize about ten private equity funds during the next year and a half

Almaty, May 20, 2008

Interfax-Kazakhstan - Kazyna Capital Management, part of Kazyna State Sustainable Growth Fund, is planning to organize about ten private equity funds together with its foreign partners during the next year and a half.

“We plan to organize about 10 funds during the next year and a half,” Kazyna Capital Management Borisbiy Zhangurazov told Interfax-Kazakhstan on the sidelines of the second international conference called Corporate Finances in Almaty on Tuesday.

According to him, the total capitalization by such funds will come to about $2-3 billion.

The funds, he said, will be focused on financing various infrastructure and industrial projects mainly in Kazakhstan and CIS countries.

Kazyna Capital Management was organized in May 2007 as Kazakhstan’s Fund of funds. Its main goal is to improve the overall investment and innovation activities, develop the non-primary sector of the Kazakh economy, organize an efficient private equity market in Kazakhstan and participate in the foreign investment funds.

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