A new $200 million visionary fund will be launched by Oxus Capital, the trailblazing investment firm behind Central Asia’s first SPAC, to advance a greener and more just world via meaningful investments that challenge established norms. The Oxus Visionary fund will prioritize supporting forward-thinking businesses committed to sustainability and a more equitable society, focusing on clean technologies, climate-smart agriculture, ethical supply chains, and food innovation.
The first Central Asian SPAC, Oxus Acquisition Corp. (NASDAQ: OXUS), which raised $172.5 million in 2021 and for a business combination with Borealis Foods listed on the Nasdaq, was founded by Oxus Capital, which has already created history. The company is well-positioned to highlight Central Asia’s unrealized potential in the international markets, with its headquarters in Almaty and partners in New York, London, Dubai, and New Delhi.
One of the founding members of Oxus Capital, Mynzhanov, said, “We believe in investing in people first, so each person can significantly contribute to solving global challenges.” Mynzhanov and his business partner Mametov have worked for influential international organizations and in the investment management industry for 20 years. Mynzhanov successfully created Bellprescot Prime Fund in 2016 after spending years working in the investment division of Fortune 500 companies. He also engaged in private equity agreements in the fintech and mobility sectors and oversaw pertinent projects in metals and mining, rare metals, and alternative energy. He now holds the position of CEO of Oxus Acquisition Corp. Mametov formerly served as the chief financial officer of KM Gold Inc., a publicly traded gold mining business in Kazakhstan, and as the controller of finances at Sequa Petroleum Kazakhstan, a unit of Sequa Petroleum, an oil and gas firm listed on Euronext Access.
Oxus Capital is prepared to use its knowledge and skills to promote innovation and growth throughout the area by introducing its new Visionary Fund. To build a more just and environmentally friendly world, the fund will concentrate on investing in businesses committed to sustainability and social responsibility. Oxus Capital aspires to help create a more sustainable future by backing forward-thinking businesses engaged in clean technology, climate-smart agriculture, ethical supply chains, and food innovation.
The Oxus Visionary fund is expected to be fully operational by 2024, and the firm will start raising capital in the coming weeks. With its strong track record of success in the investment world and its commitment to promoting sustainability and social responsibility, Oxus Capital is well-positioned to lead in driving positive change in Central Asia and beyond.
