# BV Management

BV Management is a Private Equity based in Astana, Kazakhstan.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Astana, Kazakhstan
- **Region:** Asia
- **Address:** Astana, Kazakhstan
- **Founded:** 2014
- **Assets under management:** Undisclosed
- **Website:** www.bvm.kz
- **LinkedIn:** https://kz.linkedin.com/company/%D1%82%D0%BE%D0%BE-bv-management

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- AgriTech & FoodTech
- Industrial Tech
- Energy Transition & Renewables
- Real Estate
- Healthcare Services
- Infrastructure
- Mobility & Transportation

## 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.

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Last updated: 2026-08-11T15:06:20.694Z

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