White Horse Fund (P.E)
Closed-End Private Equity Fund | Central Asian Private Markets
Under Kazakhstan AFSA Licence | BFL | Licence No. AFSA-A-LA-2020-0042
Fund Profile
Structure: Private Closed-End Private Equity Fund
Launch: Q1 2025
Initial NAV / AUM: US$39,000,000
Primary Market: Central Asia
Asset Class: Private Equity / Private Markets
Investment Focus: Established and growth-oriented private companies
Additional Capital: Nil
Investment Strategy
White Horse Fund invests in established and growing private companies across Central Asia, targeting long-term capital appreciation through operational improvements, revenue and EBITDA growth, business expansion, strategic restructuring, and portfolio valuation appreciation.
Quarterly NAV & Investment Performance
Performance | Q1 2025 – Q2 2026
Initial NAV: US$39,000,000
Cumulative Net Investment Gain: US$4,694,961
Cumulative NAV Growth: 12.04%
Final NAV / AUM (Q2 2026): US$43,694,961
Conclusion
From Q1 2025 through Q2 2026, the Fund generated approximately US$4.69 million in investment and portfolio valuation gains, increasing NAV from US$39.0 million to US$43.69 million, with no additional external capital contributions.
