# RCG

RCG is a Private Equity based in Almaty, Kazakhstan.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Almaty, Kazakhstan
- **Region:** Asia
- **Address:** 210 Dostyk avenue, Koktem-Grand Business Center, 13th floor, Almaty, Kazakhstan
- **Founded:** 2012
- **Assets under management:** Undisclosed
- **Website:** en.rcg-ia.com
- **LinkedIn:** https://www.linkedin.com/company/rcg

## Regulatory record

- **Reports private funds:** No

## About

Equitas, L.P. is a Small Business Investment Company (SBIC) based in Nashville. The firm invests in convertible debt or debt with warrants, and occasionally convertible preferred stock. Investments are focused on established growth-oriented companies in Tennessee and surrounding states, with opportunities nationwide.

## Sectors

- Energy Transition & Renewables
- Industrial Tech
- Infrastructure

## People

- Valeriy Ospanov — Managing partner
- Rustem Ospanov — Managing partner
- Konstantin Pisarchuk — Strategy advisor
- Vladimir Tsoy — Chief Legal Officer

## Questions

### Who runs investment decisions at 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.

### Does RCG operate as a fund or a mining operator?

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.

### Which geographies does RCG focus on?

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.

### What is RCG's typical exit strategy?

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.

## Related profiles

- [RC Capital](https://altss.com/profile/rc-capital)
- [RCH Capital](https://altss.com/profile/rch-capital)

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Last updated: 2026-06-03T20:00:00.000Z

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