Private Equity

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BV Management

Tulpar Management is a 100% subsidiary of Qazaqstan Investment Corporation JSC, founded in 2014. It is a private equity management company acting as General...

BV Management logo

BV Management

Tulpar Management is a 100% subsidiary of Qazaqstan Investment Corporation JSC, founded in 2014. It is a private equity management company acting as General Partner for DBK Equity Fund C.V., KCM Sustainable Development Fund I C.V., and Baiterek Investment Fund. The firm provides equity and debt financing to domestic companies in priority sectors of the Kazakhstan economy across startup, growth, and maturity stages.

General information

Firm type

Private Equity

Year founded

2014

Location

Region

Asia

Country

Kazakhstan

City

Astana

Corporate office

Astana, Kazakhstan

Sector focus

AgriTech & FoodTechIndustrial TechEnergy Transition & RenewablesReal EstateHealthcare ServicesInfrastructureMobility & Transportation

Frequently asked questions

Does BV Management participate in fund commitments or only direct deals?

The firm's primary activity is direct investment into operating companies spanning agribusiness, energy, manufacturing, and logistics. In June 2023, it launched APEX FUND I, described as Kazakhstan's first apex fund, which invests in credit partnerships, adding a fund-structure layer to the otherwise direct-investment model.

Where does BV Management deploy capital geographically?

All disclosed portfolio companies are based in Kazakhstan, with operations spanning the country from Almaty to Atyrau. Vehicle Almaty and Turkistan Tourism City are named entities tied to specific cities, while most operating companies serve national industrial and agricultural supply chains.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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