History

February

The message of the President of the Republic of Kazakhstan with the order to create a fund of funds March

The Board of Directors of Kazyna Sustainable Development Fund JSC decided to establish Kazyna Capital Management JSC

May

The state registration of Kazyna Capital Management JSC with Department of Justice of Almaty

June

Within the International Economic Forum in St. Petersburg, Vnesheconombank of Russia, the Eurasian Development Bank, Kazyna Capital Management JSC, Macquarie Group and Renaissance Group signed the Memorandum of Understanding expressing their intention to jointly invest in the Macquarie Renaissance Infrastructure Fund (currently Macquarie Russia and CIS Infrastructure Fund C.V.)

August

Kazyna Capital Management JSC’s joining to the Falah Growth Fund L.P. along with International Petroleum Investment Company and Ordabasy Corporation

October

Participation of Kazyna Capital Management JSC in the existing Wolfensohn Capital Partners fund jointly with National Industries Group Holding Company, CGI Private Equity, The Governing Council of the University of Toronto, etc was made

December

The European Bank for Reconstruction and Development and the Sovereign Wealth Fund "Samruk-Kazyna" signed The Protocol of Intent regarding the the establishment of Kazakhstan Growth Fund L.P.

February

The establishment of Macquarie Russia and CIS Infrastructure Fund C.V. (MRIF) with the participation of Vnesheconombank of Russia, the European Bank for Reconstruction and Development, Macquarie Group and Renaissance Group

The first closing of Macquarie Renaissance Infrastructure Fund took place with the participation of Kazyna Capital Management JSC, the International Finance Corporation (IFC), the European Bank for Reconstruction and Development, Macquarie Group and Renaissance Group

May

Signing the key documents for establishment of the CITIC Kazyna Investment Fund I L.P.

August

The establishment and participation in Kazakhstan Growth Fund L.P. (KGF) with the participation of the European Bank for Reconstruction and Development

April

The establishment of CITIC Kazyna Investment Fund I L.P. (CKIF) jointly with CITIC Group and Sun Success International Ltd.

June

Signing of the Agreement on the establishment of ADM Kazakhstan Capital Restructuring Fund C.V. jointly with the European Bank for Reconstruction and Development

October

Signing of the Agreement on establishment of Kazakhstan-Hong Kong Development Fund

November

Kazyna Capital Management JSC was transferred to the trust management of the Ministry of Industry and New Technologies of the Republic of Kazakhstan

December

The establishment of Russian-Kazakhstan Nanotechnology Fund jointly with RusNano

August

Shares of Kazyna Capital Management JSC were transferred to the trust management of National Managing Holding Baiterek JSC

March

Kazyna Capital Management JSC joined the consortium of investors of Islamic Infrastructure Fund along with the Islamic Development Bank, the Asian Development Bank, CIMB Bank Limited, the OPEC International Development Fund and Bangkok Bank

May

The establishment of Baiterek Venture Fund JSC, a 100% subsidiary of KCM

December

The establishment of Kazakhstan Infrastructure Fund C.V. jointly with Verno Capital. The establishment of BV Management LLP

April

The resolution on Kazyna Capital Management JSC’s participation in Almex – Baiterek Fund LLP with a 50% share of KCM

May

The Board of Directors of Kazyna Capital Management JSC has decided to terminate the participation of Kazyna Capital Management JSC in Kazakhstan Hong Kong Development Fund C.V.

November

The establishment of the DBK Equity Fund C.V. jointly with the Development Bank of Kazakhstan JSC

December

The initiative of Kazyna Capital Management JSC on the creation of a trading platform for small and medium-sized businesses in Kazakhstan

March

The resolution of the Board of Directors of Kazyna Capital Management JSC on the key terms approval for participation in KCM Sustainable Development Fund I C.V.

April

The establishment of the Eurasian Nurly (Bright) Investment Fund L.P. with the participation of Sovereign Wealth Fund "Samruk-Kazyna" JSC and CITIC Group

July

Fitch Ratings has assigned Kazyna Capital Management JSC Long-Term Foreign and Local-Currency Issuer Default Ratings (IDRs) at "BB+" with a "Stable" outlook. Fitch also assigned KCM a National Rating of "AA(kaz)"

September

The updated Development Strategy for 2014-2023 was approved by the decision of the Board of Directors of Kazyna Capital Management JSC

December

By the Board resolution of the National Managing Holding "Baiterek" JSC, a roadmap for the transfer of shares of QazTech Ventures JSC to NMH "Baiterek" JSC in payment for shares of Kazyna Capital Management JSC was approved

May

Acquisition of 100% of ordinary shares of QazTech Ventures JSC and 97.7% of the share in the authorized capital of Kazakhstan Projects Preparation Fund LLP.

July

Fitch Ratings has affirmed Kazyna Capital Management JSC's Long-Term Foreign and Local-Currency Issuer Default Ratings (IDRs) at "BB+" with a "Stable" outlook

Kazyna Capital Management JSC jointly with Samruk Kazyna Invest LLP and the German development institute DEG-Deutsche Investitionsund Entwicklungsgesellschaft acted as key investors of Da Vinci Emerging TechnologiesFund III L.P.

October

Kazyna Capital Management JSC issued bonds in the amount of KZT12.8 billion as part of the Employment Roadmap for 2020-2021 financing. This bond issue was a debut

June

Joining of QazTech Ventures JSC, Kazakhstan Projects Preparation Fund JSC to KCM

October

Joining the UN Association under the UN Principles for Responsible Investment

December

The establishment of a subsidiary "BGlobal Ventures"

The liquidation of Islamic Infrastructure Fund L.P. and Wolfensohn Capital Partners, L.P. private equity funds with participation of KCM due to the fund term completion

Fitch Ratings affirmed the Company's Long-Term Foreign and Local-Currency Issuer Default Ratings (IDRs) at "BB+" with a "Stable" outlook

Kazyna Capital Management JSC was rebranded to Qazaqstan Investment Corporation JSC by the resolution of the Sole Shareholder

January

Kazyna Capital Management JSC has completed the rebranding process in Qazaqstan Investment Corporation JSC

April

Qazaqstan Investment Corporation joined the UN Global Compact

May

QIC has attracted financing from the Republican budget in the amount of 35 billion tenge for financing projects of the manufacturing industry in 2023 and 2024, with a final remuneration rate of up to 8% per annum

September

International rating agency Fitch Ratings has raised JSC "Kazakhstan Investment Corporation" (QIC) long-term default issuer rating ("RDE") in foreign and national currency from "BB+" to "BBB-". Forecast - "stable"

November

The first apex fund was created in Kazakhstan