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JELKEN MANAGEMENT LTD.

An independent investment management company operating under the jurisdiction of the Astana International Financial Centre, creating and managing investment funds and tailored investment solutions
STRATEGIC VISION
MISSION
Professionally manage investors’ capital by creating and supporting well-structured investment products with controlled risk and long-term economic value
VISION
Jelken Management aims to become an asset management company to which investors entrust capital on a long-term basis, and which the market recognizes as a reliable private capital management institution
VALUES
Trust.
Partnership.
Intellectual discipline.
Adaptability.
Responsibility
OUR ADVANTAGES
  • AIFC jurisdiction
    We operate in the licensed jurisdiction of the AIFC, providing investors with a transparent legal environment and a high level of institutional protection.
    AIFC Licence: AFSA-A-LA-2026-0005.

    Learn more > >
  • Institutional approach
    We apply an institutional approach to investing, combining sector expertise, transaction structuring, and disciplined investment processes
  • Risk management and reporting
    We establish a risk management and transparent reporting system, ensuring capital control at every stage of the investment cycle
INVESTMENT STRATEGIES
The Fund builds a portfolio balanced by stage, instrument, and sector, combining equity financing, debt financing, and convertible instruments. This approach enables the Fund to support growth projects while ensuring stable cash flow
Private Equity
Direct investments / equity financing in companies at Seed and Series A–C stages with the potential for multiple growth
Debt financing
Debt financing for companies with stable cash flows
Convertible instruments
Convertible instruments combining debt-like returns with an option to participate in equity
APPROACH

  • Portfolio approach. Investments are structured as a diversified portfolio, ensuring a balance between return and risk, as well as sustainable capital growth throughout the entire investment cycle

  • Geography

    Kazakhstan / AIFC (regulated by AFSA)

  • Who we are suitable for

    • Professional investors
    • Companies seeking capital
    • Corporate investors
    • Institutional investors
    • Businesses interested in partnership
FINANCING
We provide companies with capital and investment solutions for business growth, transformation, and scaling
  • Direct investments

    We consider companies that require capital for scaling, transformation, entry into new markets, business consolidation, or strengthening their operating model

  • Working capital financing

    We consider requests for short- and medium-term business financing where the transaction economics are clear, cash flows are predictable, and the level of capital protection is acceptable
  • Partnership financing

    We are open to cooperation with operating partners, industry experts, asset owners, developers, production platforms, and providers of technology solutions

INVESTMENT TEAM
Our team combines investment experience, analytical rigor, and an entrepreneurial perspective on opportunities
  • Duman Aubakirov
    Chief Executive Officer
    Experienced executive with a background in state financial institutions and private equity. Holds the IoD Chartered Director professional qualification

  • Gulden Zhussina

    Chief Financial Officer

    Finance professional with over 15 years of experience in project finance.

    Graduate of Ernst & Young Academy and the international ICFM programme, UK

  • Sandugash Kenzhebayeva
    MLRO
    Executive with board-level experience at the Development Bank of Kazakhstan.
    Graduate of Harvard Business School’s Risk Management for Corporate Leaders programme

  • Sanzhar Batyrkhanov

    Chief Legal and Compliance Officer

    Compliance professional with experience in government bodies and quasi-public sector organizations.

    Graduate of the AIFC Academy of Law

  • Kanat Mukanov

    Principal Legal Counsel

    Specialist with over 10 years of experience in the banking sector and development finance institutions. Responsible for the analysis of investment projects, including financial modelling and risk assessment

Composition of the Board of Directors of PC “Jelken Management Ltd.”
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The information on this website is provided for informational purposes only and does not constitute a public offer or an offer to acquire financial instruments.
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