NATIONAL INVESTMENT CORPORATION OF THE NATIONAL BANK OF KAZAKHSTAN ANNOUNCES LAUNCH OF MANAGER SELECTION PROCESS FOR VENTURE CAPITAL INVESTMENT MANDATE UNDER OPEN INVESTMENT PARTNERSHIP PROGRAMME.

Summary of the Selection Procedure

The National Investment Corporation of the National Bank of Kazakhstan (NIC) announces the launch of a formal manager selection process for a venture capital investment mandate under the Open Investment Partnership Programme (OIP).

The mandate is focused on venture capital investments across Central Asia and the Caucasus, with a strategic target of allocating up to 70% of capital to Kazakhstan.

The selected manager will be responsible for managing the portfolio within the mandate awarded to it.

Mandate Size

Venture Capital: Up to USD 50 million

Eligibility & Minimum Qualifications

The selection process is aimed at identifying investment managers whose strategies are aligned with the objectives of the venture capital mandate under the OIP program and who have a strong track record in venture capital investing.

To be eligible for consideration, applicants must meet the following minimum requirements:

• Assets under Management (AUM): minimum USD 2 billion
• Track Record: at least 10 years of investment experience

Submission Process and Contact Details

Investment firms that meet the eligibility requirements and wish to participate in the selection process are invited to contact the NIC team using the contact details below to request the Request for Proposal (RFP) and further information on the selection procedure.

Completed RFP responses must be submitted electronically no later than 17 August 17 2026 to the email address provided below.

Contact Details:

National Investment Corporation

Private Equity and Open Investment Partnership Team

Tel: +7(7172) 55 71 00 (ext. 121)

Email: pe@nicnbk.kz

alibayev@nicnbk.kz