About us

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

Our team is run by a team of seasoned investment professionals that combine best western practice with intimate knowledge. We started our operations in Bishkek in June 2014 and have a successfully history of sourcing, evaluating, and executing investments in Kyrgyzstan.

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$23 million

Final close

50+ years

Combined investment experience

25%

IRR on Investments

12 investments

Completed transactions

Why Highland Capital?

  • Impressive track record of investing in Kyrgyzstan
  • Strong investment team with previous Western investment management experience
  • $23 million in capital commitments from a diversified base of investors, including IFC, EBRD, US and local investors
  • Outsized GP commitment to align its interests with investors
  • Participation in the first institutional private equity fund to invest in SME’s in Kyrgyzstan
  • Rapidly growing economy, liberal currency and capital repatriation system, rising middle-class population and favorable macro environment

The fund focuses on two major themes:

Domestic demand and consumer- oriented sectors
  • food
    Consumer sector
  • telecom
    Telecom
  • house
    Residential and commercial real estate
  • education
    Education
Export driven sectors
  • organic
    Organic agriculture
  • food
    Dairy and meat processing
  • travel
    Tourism
  • service
    Software & Technology

The fund provides growth capital in the form of equity or mezzanine investments in amount of $1.0 - 3.5 million for 4 to 7 years.

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Strategic transformation
  • Strategy consulting
  • Compensation plans
  • HR consulting
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Governance & institutionalism
  • Attracting specialist expertise
  • Identifying technical assistance programs
  • Supporting in international expansion
  • Supporting in improvement of Environmental, Social and Governance (ESG) systems
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Technical support
  • Developing control systems
  • Enhancing reporting systems
  • Introducing international standards
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Prouding & consulting
  • Providing additional financing sources
  • Providng risk capital
  • Other financial consulting

Corporate video

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.

Partners

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Team

Cholpon Jumashukurov
Managing Partner
Eldan Usubakunov
Managing Partner
Gregory Serrurier
Investment Committee member
Zhazgulu Raiymbekova
Investment Director
Temir Tenizbaev
Finance Manager

About Kyrgyzstan

Kyrgyz Republic is located at the heart of Eurasia benefitting from a border with China (#1 trading partner and #2 foreign investor) and a customs union with Russia.

Kyrgyzstan experinced remarkable economic growth over the past two decades. Between 2007 and 2017, Kyrgyzstan’s compound annual growth rate (CAGR) of GDP was 6.5%.

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Population
6.75 million (2022)
Literacy rate
99% of population
Age rate
60% under age 30
Visa-free regime
61 countries
Doing Business 2020
80 countries

Rising Economy

Rising Economy
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Large SME landscape
  • 11,100 SMEs
    produce $3.0 bln worth goods & services
  • 39%
    GDP contribution of SMEs
  • 430k
    people employed by SMEs
Kyrgyzstan - Freedom Star in Central Asia
  • #1 country in visa free access
  • #1 country in freedom of speech
  • #1 country in capital freedom

Kyrgyzstan experinced remarkable economic growth over the past two decades. Between 2007 and 2017, Kyrgyzstan’s compound annual growth rate (CAGR) of GDP was 6.5%.

Private consumption is the main growth driver of the economy. From 2006 to 2016, average income per capita increased four times.

News

Get In Touch
With Us

Highland Capital - Investment Advisor

Avangard Business Center, 125/1 Toktogul street, 7th floor, Bishkek, Kyrgyzstan

Tel.: +996 312 961 935

For general inquiries, please contact us via email at: info@highland.kg

Highland Private Equity & Mezzanine Fund, L.P.
For Investor Relations inquiries, please contact Eldan Usubakunov at: usubakunov@highland.kg
Thank you!

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