Qazaqstan Venture Group Announces $115 Million Raised in First Close
Qazaqstan Venture Group (note: the management company of the fund of funds Alem Ventures Fund) has raised $115 million as part of its first close. At this stage, commitments from the initial investors were secured and the fund began its investment activities. Capital formation included participation from Qazaqstan Investment Corporation, Freedom Holding Corp., Astana Hub, as well as a number of private investors.