A new Creative Capital Fund has been established in Almaty to support the growth of the creative economy, with an initial capitalization of ₸21 billion. The agreement to create the fund was signed during the New Vision Forum 2025 by Almaty Creative, Freedom Holding Corp., and VPE Capital Fund Management Limited, the Almaty Akimat reported.
According to Deputy Akim of Almaty Olzhas Smagulov, the fund’s investments will focus on sectors with strong export potential — including film production (video and animation), music, IT and game development, architecture, design, and digital media.
The Creative Capital Fund is designed to foster entrepreneurship within the creative industries, leveraging the city’s concentration of talent and innovation. Of the ₸21 billion capitalization, ₸10 billion will come from the local budget and ₸11 billion from private and foreign investors.
The fund was launched under the jurisdiction of the Astana International Financial Centre (AIFC) and will operate under English law. Its lifespan is 10 years, including five years of investment activity followed by five years of post-investment management.
President Kassym-Jomart Tokayev first endorsed the initiative to establish a city-level direct investment fund in November 2022. It aligns with the Concept for the Development of Creative Industries (2021–2025) and Almaty’s Development Program through 2030, aiming to turn creative ideas into sustainable businesses and strengthen the city’s creative ecosystem.
