Kazakhstani PE firm to launch distressed fund with EBRD

The $300m fund will focus on companies that are having trouble paying off their debt and will make investments of around $25m.

The vehicle, which intends to raise capital from the World Bank and Asian Development Bank, will primarily invest in companies in Kazakhstan but will also look at opportunities over the country’s borders.

This is not the firm’s first private equity fund. In 2008, Kazyna set up the $125m Kazakhstan Growth Fund, which invested in small and medium-sized businesses in Russia and Central Asia.

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