Chaiz Capital

Investing in frontier
markets with
lasting conviction

A privately owned holding and investment firm led by Sergey Chaizhunussov, focusing on unique market-entry and value-add opportunities in low beta markets across CIS countries.

8
Portfolio Companies
6
Industries
CIS countries
Primary Investment Region
Low Beta
Market Focus
About the Firm

Capital with a
long horizon

Chaiz Capital invests in the industries that keep economies running — manufacturing, agriculture, healthcare, and natural resources. We look for positions where barriers to entry are structural, competition is limited, and patient capital creates lasting value.

We build positions before markets become competitive, often working with companies that are the first or only domestic player in their space. Our edge is the network and credibility built over decades on the ground across CIS countries.

Market-Entry Focus
We enter markets before they attract competition — typically backing the first domestic producer or sole licensed operator in a segment, locking in structural advantages before pricing pressure exists.
Deep Industry Experience
Each sector in our portfolio is supported by a compact, dedicated team with hands-on expertise — bringing licensing know-how, procurement relationships, and regulatory experience that takes years to build.
Low Beta, High Conviction
We focus on industries with inelastic demand — valves for oil fields, diagnostic reagents for hospitals, hygiene products at scale. These are not cyclical bets; they are essential goods with captive customers and limited substitution.
Regional Depth
Decades of relationships and on-the-ground presence across CIS countries give us access and insight that outside investors cannot replicate.
Our Holdings

A diverse portfolio of market leaders

Eight companies spanning six industries across CIS countries and beyond.

UZPA Group · Industrial Valves GreenTech · Agriculture Hi-Tech Group · Renewable EPC KGCM · Engineering Takurra · Pharmaceuticals Zet Holding · Personal Hygiene DalaMetal · Mining DiaTerra · Minerals
News & Insights

Latest from Chaiz Capital

Hi-Tech Group · Renewable Energy
Plenitude announces the commissioning of a 50 MW Solar Power Plant

ENI's Plenitude subsidiary announces the commissioning of a 50MW solar power plant in Kazakhstan, built by Hi-Tech Group. The plant marks a milestone in Kazakhstan's renewable energy expansion and Plenitude's growing presence in Central Asia.

September 2025 · ENI Read →
Zet Holding · Personal Hygiene
RDIF & Mubadala partners invest in Zetek

Russia's sovereign wealth fund and Abu Dhabi's Mubadala Investment Company take a stake in Zetek, the parent of Zet Holding, backing its expansion across the personal hygiene sector.

AKM · Financial News Read →
Takurra · Pharmaceutical
Kazakhstan's Prime Minister visits pharma factory in East Kazakhstan

The Prime Minister toured Takurra's facility in Oskemen, where domestic analyzers and reagents are produced. The company is ready to replace imported devices in state hospitals, with reagents priced up to 50–100% below foreign alternatives.

19 July 2024 · 24.kz Read →
Takurra · Pharmaceutical
East Kazakhstan produces analyzers for rapid disease diagnostics

Takurra is the first and only manufacturer of immunochemiluminescent analyzers in Kazakhstan and across the EAEU. Its devices diagnose over 150 conditions from a single blood test in as little as 14 minutes.

15 August 2024 · Altainews Read →
Contact

Get in touch

For investment inquiries, partnership opportunities, or general questions, reach us directly by email.

contact@chaizcapital.com
Portfolio Companies

Our holdings across
CIS countries

Eight companies spanning heavy manufacturing, agriculture, renewable energy, EPC, pharmaceuticals, personal hygiene, and metals.

Heavy Manufacturing
UZPA Group
Oskemen & Petropavlosk, Kazakhstan
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41% Market Share in Kazakhstan297 Employees2 Production PlantsLicensed by KPO B.V.

With 41% market share in Kazakhstan, 2 large scale production plants, and 297 employees, UZPA Group is Kazakhstan's leading producer of industrial valves used in the oil, gas, and energetics industries. UZPA Group is the only domestic producer licensed to supply the Karachaganak Petroleum Operating B.V. with plans to build two new plants by 2030 to facilitate horizontal product expansion.

Agriculture
GreenTech
Almaty, Kazakhstan
13 Ha Greenhouse ComplexCompletion Q4 202650 Ha by 20314th Generation

GreenTech is constructing a 13 hectare, 4th generation greenhouse complex in the greater Almaty region. The project is set to be finished in Q4 2026 with expansion plans of up to 50 hectares by 2031. GreenTech's primary focus is tomato and cucumber production targeting Kazakhstan's growing urban hubs and premium export markets.

EPC · Renewable Energy
Hi-Tech Group
Astana, Kazakhstan
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841 MW Installed Capacity50MW Solar for ENI SpA (2025)Leading Renewables EPC

Hi-Tech Group is Kazakhstan's leading EPC firm for renewable energy solutions. Hi-Tech's commissioned power station projects have a combined capacity of 841 Megawatts. Notably, Hi-Tech Group has built a 50MW solar plant in 2025 for ENI SpA in the Aktobe Region.

Engineering & Procurement
KGCM
Oskemen, Kazakhstan
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75 Years of Operations300+ Employees1,000+ Projects Completed

Focused on designing non-ferrous metallurgy enterprises, KGCM has reliably provided engineering and procurement services for 75 years. Headquartered in Oskemen, KGCM has over 300 employees and has completed over 1000 high precision projects across mining, metallurgical enrichment, and chemical processing applications. Operating in countries across Central Asia, KGCM has provided services to Nornickel, ERG, Kazzinc, Kazakhmys, KazMinerals, Samruk Oil, CJSC Russian Copper Company, Desmet Ballestra, and many others.

Pharmaceutical
Takurra
Oskemen, Kazakhstan
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Kazakhstan's First Reagent ManufacturerEst. 2021Fully Certified

Constructed in 2021, Takurra is Kazakhstan's first and only domestic hematologic, urine, and chemiluminescent reagent manufacturing plant. Having obtained all domestic and relevant international certifications, Takurra is committed to delivering quality reagents to hospitals across Central Asia.

Personal Hygiene
Zet Holding
Moscow, Russia
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Russia Wet Wipe Market Leader3 Production PlantsCo-owned with MubadalaVertically Integrated

Co-owned with Mubadala Investment Company, Zet Holdings is one of Russia's leading producers of personal hygiene products. Vertically integrated through 3 production plants, Zet Holdings covers a broad range of manufacturing starting with non-woven fabrics and ending with end consumer products. In particular, leveraging B2B and B2C channels, Zet Holdings became the market leader in Russia's wet wipe segment. Zet Holdings is currently exploring and investing in horizontal expansion across new product segments in the personal hygiene space.

Mining & Metallurgy
DalaMetal
Ridder, Kazakhstan
Gold-Polymetallic DepositJV with Solidcore ResourcesRidder Mining Corridor

In partnership with Solidcore Resources, DalaMetal is developing the Starkovskoye gold-polymetallic deposit in Ridder, Kazakhstan.

Mining & Minerals
DiaTerra
Aktobe, Kazakhstan
Chromium · Ilmenite · TungstenAcquired 2025Critical Minerals PlatformUpstream Operations

In 2025, Chaiz Capital purchased chromium, ilmenite, and tungsten licenses with historically probed reserves across Central Asia under its SPV, DiaTerra. Currently, DiaTerra is focused on upstream operations: conducting additional GEW to modernize the reserve status, extracting ore, and producing mineral concentrates.