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Partner of choice for investing in Kyrgyzstan

Highland Capital fund focuses on providing growth capital and support to businesses in Kyrgyzstan. The Fund provides equity and mezzanine investments to SMEs to help them institutionalize and grow into large regional champions.

Highland Private Equity & Mezzanine Fund has held the first close with $15 million in capital commitments from a diversified base of investors, including IFC, US and local investors. The Fund seeks total $30 million and expects to hold the final close by August 2019.

Significant untapped potential of SMEs in Kyrgyzstan combined with a huge demand for risk capital give our investors an opportunity to gain robust returns and support socioeconomic development.



Why Highland Capital?

  • Strong investment team with previous Western investment management experience
  • Impressive track record of investing in Kyrgyzstan
  • Outsized GP commitment to align its interests with investors
  • Participation in the first institutional private equity fund to invest in SMEs in Kyrgyzstan
  • Rapidly growing economy, liberal currency and capital repatriation system, rising middle-class population and favorable macro environment


The team started its operations in Bishkek in June 2014. Highland has a successful history of sourcing, evaluating, and executing investments in Kyrgyzstan. As a result of Highland’s previous work in researching, reviewing and funding investment projects, Highland has established itself as a primary point of reference for risk capital within local financial institutions network.

Information here is as of August 31, 2018. All figures are in US dollars.