Transcript Слайд 1 - Kazyna Capital Management

Kazyna Capital Management
Kazakhstan fund of funds
Corporate presentation
2010 December
Reasons of establishment and scope of activity
Acquisition of
attractive foreign
assets in strategic
industries.
Implementation of
the best global fund
management
practice.
Investment in following groups of
investment funds:
Kazakhstan oriented funds
Global funds
Foreign institutions’
and private
investors’ capital
inducement
KCM
Regional funds
Financing of the companies in the
following sectors:
Diversification of the
economy of Kazakhstan
(development of nonextractive sectors).
Electric power (including alternative
power generation)
Establishment of
private equity
infrastructure in
Kazakhstan.
Infrastructure
Small and medium enterprise
Major stages of Kazyna Capital Management development
2007
2008
2009
2010
Foundation of КСМ
Established Funds
Established Funds
Established Funds
 7 March 2007
 Falah Growth Fund L.P.
 Macquarie Renaissance
Infrastructure Fund L.P.
 ADM Kazakhstan Capital Restructuring
Fund C.V.
 CITIC Kazyna Investment Fund I
L.P.
 Kazakhstan Hong Kong Development
Fund C.V.
 Wolfensohn Capital Partners L.P.
Planned Funds
 Kazakhstan Growth Fund L.P.
Established Funds
 Aureos Central Asia
Fund L.L.C.
 Kazakhstan-Tajikistan Private
Equity Fund JSC
 Russian-Kazakhstan venture fund for
nanotechnologies
Results
 Ratio of investment volume attracted to the Republic
of Kazakhstan on the volume of KCM commitments
reached 2.3.
 Target capitalization of PEF in the KCM’s portfolio
reached US$ 3.3 bln;
 KCM established relationships with international and
regional financial organizations like: European Bank
for Reconstruction and Development, International
Financial Corporation, CITIC Group, Wolfensohn &
Co,
Vnesheconombank,
Renaissance
Capital,
Macquarie Group, etc.
Investment Portfolio of Kazyna Capital Management
Target capitalisation
(US$ mln.)
Investment volume in
Kazakhstan (US$ mln.)
1000-1500
200 -300
Falah Growth Fund
500
Kazakhstan Hong Kong
Development Fund
Fund Name
Investors
Target industries
KCM, IFC,
EBRD, Vnesheconombank,
Macquarie Group,
Renaissance Group
Transport and power generation infrastructure (incl.:
automobile and railroads, airports, ports, power
supply sources and other)
200
KCM, IPIC, Ordabasy
Corporation
Oil and gas, power generation, financial sector, IT
and other
400
400
KCM
Oil & gas, mining an processing of mineral resources,
services and infrastructure related to mining,
commodities trading
250
-
180-225
180-225
CITIC Kazyna Investment
Fund I
200
Kazakhstan Growth Fund
Macquarie Renaissance
Infrastructure Fund
Wolfensohn Capital
Partners
KCM and other
institutional investors
Alternative energy, financial sector, retail
KCM, EBRD
SME in non-extractive sectors
100
KCM, CITIC Capital
Holdings, CITIC Group
Transport infrastructure, financial sector, heavy
industry, IT and other
125
87,5
KCM, EBRD
Food
production
industry
(production
packaging), primary extraction equipment
services, metallurgy, wood processing, textile
Aureos Central Asia Fund
70
35
KCM, IFC, CDC, FMO,
EBRD, DBJ
SME (incl.: processing and food processing industry,
information technology industry, pharmaceutical and
other)
Kazakhstan-Tajikistan
Private Equity Fund
32
-
KCM and State Committee
on Investments and State
Property Management of
the Republic of Tajikistan
Electric-power industry, extraction and processing of
mineral resources, processing of agricultural
products, textile, tourism
2 757 – 3 302
1 202,5 - 1 347,5
ADM Kazakhstan Capital
Restructuring Fund
Total:
and
and
Kazyna Capital Management: Investment Portfolio (1)
Macquarie Renaissance Infrastructure Fund
Target capitalisation
US$ 1 000 000 000 - 1 500 000 000
Target return (IRR)
20% annual, after all operational and other costs
Term of the fund
10-14 years
Investment period
4 years
Investors
Kazyna Capital Management, International Finance Corporation, European Bank for
Reconstruction and Development, Vnesheconombank, Macquarie Group, Renaissance
Group.
Target region
Russia (min. 50% of total Fund capitalization), Kazakhstan (min. 20% of total Fund
capitalization and other CIS states
Target industries
infrastructure
Kazyna Capital Management: Investment Portfolio (2)
Falah Growth Fund
Target capitalisation
US$ 500 000 000
Target return (IRR)
Not less than 20% annually, after all operational and other costs
Term of the fund
10-13 years
Investment period
3-5 years
Investors
Kazyna Capital Management, International Petroleum Investment Company, Ordabasy
Corporation.
Target region
Kazakhstan (not less than 40% of total Fund capitalization), CIS
Target industries
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oil and gas;
electric-power industry;
real estate;
financial sector;
information technologies.
Kazyna Capital Management: Investment Portfolio (3)
Kazakhstan Hong Kong Development Fund
Target capitalisation
US$ 400 000 000
Target return (IRR)
Not less than 20% annually, after all operational and other costs
Term of the fund
7-9 years
Investment period
4-5 years
Investors
Kazyna Capital Management, Kanford Investment Limited, Chow Tai Fook Nominee
Limited, Treasure Way Holdings Ltd., Sunlight Far East Limited
Target region
Kazakhstan
Target industries
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oil and gas;
mining and processing;
infrastructure and services related to mining;
commodities trading;
Kazyna Capital Management: Investment Portfolio (4)
Wolfensohn Capital Partners
Target capitalisation
US$ 250 000 000
Target return (IRR)
Not less than 20% annually, after all operational and other costs
Term of the fund
10-13 years
Investment period
5 years
Investors
Kazyna Capital Management, other institutional investors.
Target region
BRIC (Brazil, Russia, India and China), Bangladesh, Egypt, Indonesia, Iran, Korea,
Mexico, Nigeria, Pakistan, Philippines, Turkey and Vietnam and other developing
countries.
Target industries
 alternative energy;
 financial services;
 retail.
Kazyna Capital Management: Investment Portfolio (5)
ADM Kazakhstan Capital Restructuring Fund
Target capitalisation
Target return (IRR)
US$ 180 000 000 – 225 000 000
20% annual, after all operational and other costs
Term of the fund
5-8 years
Investment period
3-4 years
Investors
Kazyna Capital Management, European Bank for Reconstruction and Development
Target region
Kazakhstan
Target industries
SMEs in non-extractive industries
Kazyna Capital Management: Investment Portfolio (6)
CITIC-Kazyna Investment Fund I
Target capitalisation
US$ 200 000 000
Target return (IRR)
20% annual, after all operational and other costs
Term of the fund
10-12 years
Investment period
5 years
Investors
Kazyna Capital Management, CITIC Capital Holdings, CITIC Group
Target region
Kazakhstan (50% of total Fund capitalization) and the People’s Republic of China (50%
of total Fund capitalization)
Target industries
 transport infrastructure;
 financial sector;
 other non-extractive industries.
Kazyna Capital Management: Investment Portfolio (7)
Kazakhstan Growth Fund
Target capitalisation
Target return (IRR)
Term of the fund
US$ 125 000 000
20% annual, after all other operational and other costs
10-11 years
Investment period
4-5 years
Investors
Kazyna Capital Management, European Bank for Reconstruction and Development
Target region
Kazakhstan (70% of Fund capitalization), Russia, Kyrgyzstan, Uzbekistan,
Tajikistan and Turkmenistan
Target industries
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food production industry (processing and packaging);
primary extraction equipment and services;
metallurgy;
wood processing;
textile production and processing;
other non-extractive industries.
Kazyna Capital Management: Investment Portfolio (8)
Aureos Central Asia Fund
Target capitalisation
Target return (IRR)
Term of the fund
US$ 70 000 000
Not less than 20% annually, after all operational and other costs
10-12 years
Investment period
5 years
Investors
Kazyna Capital Management, International Finance Corporation, CDC Group, FMO,
European Bank for Reconstruction and Development, Development Bank of Japan.
Target region
Kazakhstan (not less than 50% of the fund capitalization), Central Asia and Caucasus
Target industries
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manufacturing;
food processing;
information technologies;
telecommunications;
pharmaceutical;
other non-extractive industries.
Kazyna Capital Management: Investment Portfolio (9)
Kazakhstan-Tajikistan private equity fund
Target capitalisation
Target return (IRR)
US$ 32 000 000
20% annual, after all operational and other costs
Term of the fund
10-11 years
Investment period
5-6 years
Investors
Kazyna Capital Management and State Committee on Investments and State Property
Management of the Republic of Tajikistan
Target region
Tajikistan
Target industries
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electric-power industry;
extraction and processing of mineral resources;
processing of agricultural products;
textile;
tourism.
Kazyna Capital Management
291/3a Dostyk, ave. 2nd floor
050050, Almaty, Kazakhstan
tel.: +7 (727) 334 14 17
fax: +7 (727) 334 14 18
e-mail: [email protected]