National Fund of the Republic of Kazakhstan

Overview

Information about start of a next selection will be posted in this section and also on official pages of the National Bank in social networks.¹

National Fund of the Republic of Kazakhstan's investment capital supports sovereign or public-sector financial objectives.¹

Estimated AUM: $63.9B as of Jan 1, 2026²
Capital pool: oil/resource-revenue stabilization and savings fund¹
Investment model: The National Bank of Kazakhstan manages the National Fund and related public reserves, with operational management of National Fund assets assigned to National Investment Corporation of the National Bank of Kazakhstan JSC, including alternative-investment expertise.³
Investment approach: The Mission of the Corporation is to diversify and enhance the long-term returns of sovereign assets of the Republic of Kazakhstan through investment in alternative instruments.⁴
Spending support: Not listed yet
Spending policy: Not listed yet
Asset allocation: Public evidence references these asset classes or allocation areas: infrastructure.¹
Performance: Not listed yet
Governance: Not listed yet¹
Investment team: The National Bank states that it built investment-management infrastructure and a professional team of investment managers. National Investment Corporation of the National Bank of Kazakhstan JSC manages National Fund assets.³
Unfunded commitments: Not listed yet
Source freshness: Last verified Jul 21, 2026 · Needs review

Last verified Jul 21, 2026 from public career and organization materials.

Website (nationalbank.kz)Parent organization overview, Pool purpose, Capital pool, Asset allocation, Governance · checked Jul 25, 2026
Website (qazinform.com)Estimated AUM · checked Jul 25, 2026
Website (nationalbank.kz)Investment model, Investment team · checked Aug 6, 2026
Website (ifswf.org)Investment approach · checked Jul 25, 2026
Website (nationalbank.kz)Investment office page · checked Jul 25, 2026