Kazakhstan Looks to Private Equity for Help With Its $93 Billion Cash Pile

  • Kazakhstan to seek alternative assets for $93 billion funds
  • Wealth funds invested 60% more in real estate this year

The Byterek Tower.

Photographer: Pool/Getty Images

KKR & Co. founder Henry Kravis, Blackstone Group LP Chairman Stephen Schwarzman and Carlyle Group co-founder David Rubenstein were among the guests when Kazakhstan President Nursultan Nazarbayev hosted a dinner in New York.

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