Verny Capital

Verny Capital (Верный Капитал) is a Kazakhstan-based private equity group founded in 2006. It describes itself as a leader in private investments in Kazakhstan and one of the largest groups in the country specializing in direct equity investments in private companies. The group acquires controlling or significant minority stakes in companies in Kazakhstan and other CIS countries from private owners, and takes an active role in their strategic and operational management. The firm's stated approach is to help portfolio companies raise financing, manage local risks, and adopt market-leading corporate governance and financial reporting practices. It focuses on mature companies, aiming to develop them at a new operational level, take them into new markets, and increase their value with a view to eventual sale. The portfolio also includes greenfield projects built from scratch. Verny Capital emphasizes five success factors: partnership with sector-experienced partners, deep market knowledge of Kazakhstan and the CIS, purchases on the secondary market from private owners only (not state auctions), access to best expertise and technology through partnerships, and active participation in management. Verny Capital's portfolio and partner network have included major international and domestic names such as VEON, Marriott International, RIXOS Hotels, Beeline Kazakhstan, Global Development, The Ritz-Carlton Astana, The Carlton Moscow, Rixos Borovoe, ForteBank, 31 канал, and Inform Бюро. The group has also been involved in education through Narxoz and Haileybury schools in Kazakhstan. In March 2025 it announced the sale of Burger King Kazakhstan. Its headquarters are in Astana at Talan Towers, Dostyk Street 16.

Verny Capital was founded in 2006 as a private equity group in Kazakhstan. It positions itself as one of the largest groups in the country specializing in direct equity investments in private companies. From its base in Astana, the group has built a portfolio spanning telecommunications, banking, hospitality, media, and education. The firm's investment strategy centers on acquiring controlling or significant minority stakes in companies in Kazakhstan and other CIS countries from private owners. It does not participate in government auctions or invest in state-owned assets. Verny Capital typically partners with sector specialists in each project, aiming to bring international best practices, corporate governance standards, and financial reporting discipline to portfolio companies. It targets mature companies for operational improvement and value creation ahead of eventual exit, while also developing greenfield projects from scratch. Over the years, Verny Capital's portfolio and partner network have included VEON, Marriott International, RIXOS Hotels, Beeline Kazakhstan, Global Development, The Ritz-Carlton Astana, The Carlton Moscow, Rixos Borovoe, ForteBank, 31 канал, and Inform Бюро. In education, the group has been associated with Narxoz and Haileybury schools in Kazakhstan. In March 2025, Verny Capital announced the sale of Burger King Kazakhstan. The group remains active, with recent news highlighting portfolio developments such as ForteBank's $400 million Eurobond placement in January 2025 and Narxoz's academic rankings in 2026.

• Verny Capital group founded in Kazakhstan.

• Winners of grants from the Verny Capital group of companies announced.

• ForteBank, a portfolio company, successfully placed $400 million Eurobonds.

• Verny Capital announced the sale of Burger King Kazakhstan.

• Wellington International Schools Group to become new partner of Haileybury schools in Kazakhstan.

• Narxoz entered the world's top 200 for graduate employability.

• Narxoz Business School entered the top 2% of business schools in the world.

Leader in private investments in Kazakhstan, focusing on private equity in Kazakhstan and the CIS.

• Private equity investments

  Direct equity investments in private companies in Kazakhstan and the CIS.

• Greenfield projects

  Projects developed from scratch within the portfolio.

1. 1Верный Капитал - Лидер частных инвестиций в Казахстанеvernycapital.com
2. 2Компания - Верный Капиталvernycapital.com
3. 3Компания (kz) - Верный Капиталvernycapital.com
4. 4Company - Верный Капиталvernycapital.com
5. 5Verny Capital - Wikidatawikidata.org