Qazaqstan Investment Corporation has launched an agricultural private equity fund in Central Asia

Qazaqstan Investment Corporation JSC (QIC), a subsidiary of NIH Baiterek JSC and a key institute for the development of private equity and venture investments in the economy of Kazakhstan, announces the launch of a specialized fund Adal Fund L.P., aimed at strengthening food security and creating an export-oriented agricultural hub in Central Asia.

QIC operates as a fund of funds through professional management companies that attract private capital to promising projects, forming a sustainable ecosystem of Private Equity and Venture Capital. Currently, QIC portfolio includes 19 funds, with total assets of funds with QIC participation of $2.3 billion.

The launch of Adal Fund L.P. is a key step towards creating a long-term platform for sustainable agriculture, food security and trade integration in Eurasia.

The initiative combines government development tools and private capital, positioning Kazakhstan as a competitive, export-oriented and sustainable agricultural hub.

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The Republic of Kazakhstan is one of the world's largest exporters of grain and flour. The acreage exceeds 20 million hectares. The share of the agro–industrial complex in the country's GDP is about 4-5%, while the sector employs about 13-15% of the workforce (1.2-1.5 million people).

The key export potential is formed by wheat, flour and oilseeds (sunflower, flax are a fast—growing segment), as well as meat products. The main sales markets are the countries of Central Asia, Afghanistan, China and the European Union.

The purpose of the fund is to strengthen Kazakhstan's position as a reliable exporter of agricultural products and to develop a transparent, sustainable market infrastructure for the grain and agro-industrial sectors.

The agro-industrial complex is a strategically priority sector with high growth potential due to technologization, processing development and entry into new markets. The growth drivers are the reorientation of exports mainly to the markets of China and the Middle East against the background of growing global demand for food, as well as the development of processing and an increase in the share of oilseeds and fodder crops.

Additional investments can ensure a steady increase in yields, an increase in export earnings and a transition from a raw material model to a high-margin agricultural industry.

The fund with a target size of up to $1 billion operates under the jurisdiction of Astana International Financial Center (AIFC). QIC is a Limited partner (L.P.) with a participation interest of up to 99.99%. The management company is a 100% subsidiary of QIC, the private company Qazaqstan Investment Capital Management Ltd.

The mandate of Adal Fund L.P. allows not only to invest, but also to participate in the trade and export of agricultural products. The Fund is aimed at:

• Strengthening food security in Kazakhstan and Central Asia through strategic investments in agribusiness.
• Ensuring financing of agricultural producers based on fair pricing, stimulating the modernization of assets and infrastructure (elevators, facilities, etc.), digitalization and automation of processes.
• Creating value chains by bringing together producers, processors and logistics operators, ensuring stable and transparent grain export flows.
• Attracting long-term foreign capital into agri-food value chains.

We are open to strategic cooperation with potential LPs and partners within Adal Fund L.P., forming sustainable food corridors between Central Asia and international export markets. It is an opportunity to create long-term value through investments in agribusiness, where innovation, sustainability and partnership shape the future of food stability.

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Qazaqstan Investment Corporation JSC is a private equity fund established in 2007, whose main mission is to promote sustainable economic growth in Kazakhstan by attracting foreign direct investment and supporting projects that contribute to the modernization and competitiveness of key industries. It is a subsidiary of NIH Baiterek JSC. For more information, visit https://qic.kz/

The private company Qazaqstan Investment Capital Management Ltd. is a subsidiary of Qazaqstan Investment Corporation JSC, a private equity fund management company established in 2025, financing large, capital-intensive projects of medium and large businesses.