Kazakh Central Bank Seeks Private Equity and Hedge-Fund Managers

Kazakhstan’s central bank will select private equity fund-of-fund managers and fund-of-hedge-fund managers to place as much as $300 million as the Central Asian nation plans its first alternative investments.

The tender requirements stipulate that potential private-equity managers must have $5 billion or more in assets and at least ten years of investment experience, the Almaty-based central bank said in e-mailed statements today. Prospective hedge-fund managers must have five years of experience as well as $5 billion or more under management. The approximate size of both mandates is $50 million to $150 million, and applications close by the end of this month.