Rooted in the region
While our execution capabilities are global, our primary differentiation is deep-rooted expertise across Central Asia and the Caucasus — markets that require genuine local knowledge, relationships and credibility.
Where we operate
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Kazakhstan & Azerbaijan
Our two primary markets where we have the deepest relationships, longest track record and most active pipeline.
Kazakhstan
Central Asia
~$225bn GDP (2023)
Kazakhstan is Greenrock Capital's primary market and the cornerstone of our regional practice. The country is Central Asia's largest economy, a major oil and gas producer, and home to significant mineral reserves. We have deep relationships across government, national oil companies, banks and industrial conglomerates built over two decades.
Key Highlights
- Largest economy in Central Asia
- Major oil, gas and uranium producer
- Top-10 global wheat exporter
- Active Eurobond and IPO market
- Significant privatisation pipeline
Key Sectors
Azerbaijan
Caucasus
~$72bn GDP (2023)
Azerbaijan is Greenrock Capital's second primary market and the focus of our Caucasus practice. The country sits at the intersection of Europe, Russia, Central Asia and the Middle East, with significant energy wealth and growing ambitions in infrastructure and logistics.
Key Highlights
- Strategic Caspian energy exporter
- BTC and TANAP pipeline hub
- Growing Middle Corridor logistics role
- Significant non-oil economy diversification
- Active government advisory engagement
Key Sectors
Broader coverage
Markets where we maintain active engagement and have completed or are pursuing transactions.
Uzbekistan
Central Asia
~$100bn GDP (2023)
Uzbekistan has undergone one of the most significant economic reform programmes in the post-Soviet world since 2017, opening its economy to foreign investment, privatisation and capital markets. With a population of 37 million, it is Central Asia's most populous country and represents a significant growth opportunity.
- Population of 37m — largest in Central Asia
- Major gold, copper and natural gas producer
- Ambitious privatisation programme underway
- Rapidly developing capital markets
- Strong agricultural base
Georgia
Caucasus
~$27bn GDP (2023)
Georgia has established itself as the most business-friendly economy in the region, with a transparent regulatory environment, strategic location on the Black Sea, and growing importance as a financial and logistics hub for the broader Caucasus and Central Asia.
- Top-10 globally in ease of doing business
- Black Sea port access
- Growing financial services hub
- Significant hydropower potential
- Tourism and real estate growth
Russia
Russia / CIS
~$2.2tn GDP (2023)
Russia represents a significant part of our team's historical transaction experience. Bairam Valiyev executed numerous landmark capital markets mandates for Russian corporates and the sovereign during his tenure at VTB Capital.
- Multiple blue-chip corporate mandates
- Eurobond, ECP, convertible and liability management experience
- Coverage via partner network
Partner coverage
Countries where we maintain coverage through our trusted partner networks.
Kyrgyzstan
Central Asia
Kyrgyzstan is home to significant gold mining activity and benefits from growing trade flows as a WTO member bordering China. We cover the country through our regional partner networks.
Tajikistan
Central Asia
Tajikistan holds significant hydropower potential and rare earth mineral deposits. We cover the country through our regional partner networks, focusing on energy and mining transactions.
Turkmenistan
Central Asia
Turkmenistan holds the world's fourth-largest natural gas reserves. While market access remains selective, we have experience advising on transactions and relationships in the country through our senior network.
Contact Us
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All enquiries are handled in strict confidence by a senior partner. We respond within one business day to qualified enquiries.