Ulaanbaatar · Mongolia
A $100 million private equity fund positioned at the frontier of one of Asia's most compelling emerging markets — exclusively focused, deeply embedded, and built for long-term value creation.
Mongolia Fund is an international private equity firm with exclusive focus on Mongolia — a resource-rich, strategically positioned frontier market at the convergence of China, Russia, and Central Asia.
We identify, develop, and scale businesses positioned to benefit from Mongolia's accelerating economic transformation. With a $100 million initial fund, we deploy capital with conviction across sectors where we hold deep operational expertise and long-standing local relationships.
Our investment thesis is direct: Mongolia's century is beginning. The country holds extraordinary natural resource endowments, a young and growing workforce, and an increasingly stable institutional environment — conditions that historically precede sustained, compounding wealth creation.
View Our StrategyMongolia sits at the nexus of the world's two largest economies, with resource wealth that dwarfs its population and an economic arc just reaching inflection point.
A land mass larger than Western Europe combined, with vast mineral, agricultural, and energy resources still being catalogued.
Home to Tavan Tolgoi, one of the world's largest coking coal deposits, and a growing portfolio of strategic mineral assets.
Projected lifetime value of one mine — signaling the scale of Mongolia's untapped copper and gold potential across the country.
One of the most consistent growth trajectories in the emerging market universe over the past decade, driven by resource extraction and urbanization.
An extraordinary resource-to-population ratio, with a young, educated, and increasingly urban workforce driving domestic consumption growth.
The vast majority of Mongolia's land supports agriculture and livestock, underpinning significant potential in food systems and agribusiness.
We invest across six high-conviction sectors, each chosen for its structural growth drivers and Mongolia's innate competitive advantages.
Mongolia holds some of the world's most significant untapped mineral deposits. We partner with operators developing copper, gold, coal, and rare earth assets responsibly and at scale.
With 80% of land suitable for agriculture and livestock, Mongolia is positioned to become a major regional food producer. We back modernization of the herding and agricultural value chain.
The arteries of Mongolia's economy are still being built. We invest in logistics networks, energy transmission, and the connective infrastructure that unlocks economic activity across the country.
Ulaanbaatar is one of the fastest-growing capital cities in Asia. We invest in commercial, residential, and mixed-use development across urban and emerging secondary markets.
Mongolia's young, educated population is driving rapid digital adoption. We back technology businesses scaling across financial services, e-commerce, and enterprise software.
Mongolia's extraordinary landscapes, nomadic culture, and growing international profile present a compelling opportunity in premium and adventure tourism infrastructure.
We welcome inquiries from institutional investors, family offices, sovereign wealth funds, and strategic partners who share our conviction in Mongolia's long-term potential.