Al Falah Partners
Al Falah Partners
About cover

Al Falah Capital Partners is a private asset manager and investment firm specializing in private equity, venture capital, partnership opportunities and special situations in Central Asia with a primary focus on Kazakhstan. We make investments in companies across different industries such as energy, mining, agriculture, food production, high-tech, healthcare and others.

Leveraging deep regional expertise and strong network we are raising the Falah Growth Fund II, the second $200M private equity fund to seize emerging opportunities, drive growth, and create lasting value. With a robust pipeline of high-value opportunities, we are well-positioned to advance the region’s growth and deliver exceptional returns to our investors.

Al Falah Capital Partners is headquartered in Almaty, Kazakhstan and has managed the Falah Growth Fund (Fund I), one of the leading investment funds with committed capital amounting to $500M from the UAE and Kazakhstan investors.

Since 2008 Al Falah Capital Partners and its principals have invested in or acquired tens of companies, including Karaganda Energocenter LLP, Ulmus Besshoky JSC, Alsad Kazakhstan LLP, Ai Karaaul JSC, Karaganda Kus LLP, Elefund VC funds, Robinhood Inc., Soul of Nomad Inc. and many others.

Central Asia is a fast growing region and home to some of the world’s most talented business owners. We keep on focused on the potential of this region and ready to capitalize on emerging opportunities together with investors.

The future starts here and let's make it happen together.

Key terms for Falah Growth Fund II

  • Size:$200M
  • GP commitment:2%
  • Investment period:3y+2
  • Term:10y+3
  • Hurdle rate:8%
  • Management fee:up to 2%
  • Carry:20% with clawback
  • Minimum commitment:$40M
  • The First close:June 2026

Sectors

Situations
Growth, Consolidations, Buyout, Distressed & Restructuring, Brownfields (5y payback)
Sectors
Oil & Gas, Metals & Mining, Power & Utilities, High-tech & Telecom, Agriculture & Food processing, Healthcare, Logistics
Investment ticket:
$5-40M
Strong and solid pipeline
Available to investors upon request

0+

Deals reviewed

0x

Max MOIC per project

0%

Max IRR per project

Meet the team

Mr. Nurlan Kussainov

Mr. Nurlan Kussainov

Founder, Managing Partner

Mr. Diyar Medeubekov

Mr. Diyar Medeubekov

Chief Investment Officer

Mr. Altay Mamanbayev FCCA

Mr. Altay Mamanbayev FCCA

Director, Chief Operating/Financial Officer

Ms. Azhar Babayeva

Ms. Azhar Babayeva

Reporting/Compliance Manager