Wednesday, 27 July 2016
Last updated 12 hours ago
Feb 8 2013 | 11:20am ET
Kazakhstan, the Central Asian nation with the $58 billion National Oil Fund, is looking for hedge and private equity fund-of-fund managers to oversee investments worth as much as $300 million.
The bank wants private equity managers with at least $5 billion under management and 10 years' experience and hedge fund managers with at least $5 billion and five years' experience, reports Bloomberg.
Each mandate will be worth between $50 and $150 million and applications will be accepted until the end of the month.
Private equity fund of funds will be allowed to invest in mezzanine, primary and secondary private-equity funds focused on growth capital, special situations and buyouts. Eligible funds of hedge fund strategies include global macro, event-driven, credit, long/short equity, multi-strategy, fixed-income arbitrage and managed futures.