The respective sovereign wealth funds of Abu Dhabi and Kazakhstan have jointly launched a co-investment platform focused on central Asia.
Abu Dhabi-based ADQ and the Qazaqstan Investment Corporation (QIC), a fund of private equity funds with a capitalisation of $2.5 billion, have set up the platform.
According to a statement, the platform will explore investment opportunities in Kazakhstan and the neighbouring countries in the Caucasus region.
Both funds will contribute equally to the running of the platform and any investments made.
“The co-investment platform underlines ADQ’s commitment to developing partnerships in key markets that complement our investment strategy, which allows other nations to benefit from the considerable, diverse expertise our portfolio encapsulates,” said Mohamed Hassan Alsuwaidi, managing director and CEO of ADQ.
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