FN Investor Publishes Article on GWM Capital Ltd.’s Shariah-Compliant PE Mining Fund
IFN Investor has featured GWM Capital Ltd. in an article covering the launch of Kazakhstan’s first Shariah-compliant private equity mining fund. The initiative seeks to leverage geological findings from the former Soviet Union administration to validate deposits where valuable mineral resources can be extracted.
The fund is aiming to raise at least US$100 million by the end of 2026, investing in equities of junior mining companies that carry out exploratory activities to confirm the economic viability of mineral deposits.
“We are targeting 10–12 projects, with an average investment of around US$10 million each. The fund is structured as a closed-ended vehicle with a seven-year life cycle, including a three-year active investment period. We will make cash calls as and when we identify projects, and we aim to start exits from year five,”
— Arman Batayev, ACCA, CEO of GWM Capital Ltd., told IFN Investor.
— Arman Batayev, ACCA, CEO of GWM Capital Ltd., told IFN Investor.
Read the full article at: IFN Investor