RCG

Managing partners Valeriy Ospanov and Rustem Ospanov jointly direct strategy. Valeriy Ospanov leads technical and operational oversight, while Rustem Ospanov structures acquisitions, debt and equity financing, and portfolio-company exits. Strategy Advisor Konstantin Pisarchuk — a former Metinvest and ERG executive — supports M&A and capital-planning decisions.

RCG functions primarily as a vertically integrated operator. It sources exploration-stage deposits, conducts geological and feasibility work, arranges bank or public-market financing, constructs processing plants, commissions production, and then sells operating assets to strategic buyers. It does not market itself as a closed-end fund or a multi-family office.

RCG's public disclosures do not reference external limited-partner commitments or a blind-pool fund structure. Its capital base appears to rely on proprietary resources, project-level bank loans, and proceeds from equity listings — such as the 2015 KASE IPO tied to the Maksut deposit — rather than a fund-of-funds model.

RCG concentrates exclusively on mining projects in Kazakhstan and the broader CIS. Its portfolio spans deposits across the country, including copper assets at Almaly and Berkara, tungsten at Akmaya and Saran, and coal at Samarskoye. The firm has evaluated over 300 mineral projects in the region since 2012.

RCG's documented exits involve selling producing or near-producing assets to strategic investors. Notable examples include the 2016 sale of the Almaly copper deposit, after commissioning a processing plant, and the 2017–2019 divestiture of the Maksut copper-nickel project — the latter following a secondary public offering on the Saint Petersburg Exchange.