National Investment Corporation of National Bank of Kazakhstan

National Investment Corporation of the National Bank of Kazakhstan (NIC) was established in October 2012 to preserve and enhance the long-term purchasing power of Kazakhstan’s foreign exchange reserves and of the National Fund through investments in less liquid high yielding asset classes. NIC manages assets entrusted by the National Bank of Kazakhstan. NIC invests in private equity, hedge funds, real estate and infrastructure through external managers and has signed up to the Santiago Principles on best practice in managing sovereign wealth funds.

In order to achieve its goals the NIC will invest in alternative asset classes in the international financial markets with investment horizon of 10–20 years, and other types of activities involving trust asset management.

History
NIC was established under the initiative of the Governor of National Bank of Kazakhstan and under the agreement of the President of the Republic of Kazakhstan. It is a 100% subsidiary of the National Bank.

The hiring policy of NIC is orientated in hiring specialist with international education and/or experience.

Investments
NIC’s mandate is to invest in alternative asset classes such as private equity, hedge funds, real estate and infrastructure.

Cooperation
NIC is one of 30 members of International Forum of Sovereign Wealth Funds (combined account for 80% assets managed by SWFs) and one of 31 members of CROSAPF (Co-Investment Roundtable Of Sovereign And Pension Funds).