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As Creon Energy Fund we concentrate our investments in our core business sectors. We do it better because this is all we have ever done – downstream projects in chemical, renewable energies, new materials segments. In these areas Creon Group benefits from a vast network of industry professionals, financial specialists, potential co-investors and project partners. As a Luxembourg-based Fund manager, we can add our durable and resilient connections to investors, off-takers and technology providers in China and Europe.

We at Creon Capital believe in long-term growth in Eastern Europe and Central Asia. This boundless region, located in between Europe and Asia, will benefit from China’s plans to re-establish the New Silk Road. Just like in medieval times, this was a trade corridor connecting the continents.

However, Eurasia has image problems, with many regional industries stagnant. Combined with the oil-rich countries like Kazakhstan’s falling GDP-growth rates, regional corruption, and bureaucratic over-regulation, we are still inspired and enthusiastic about Eurasia because:

Having overcome the recession in Eurasia and with a growing political and economic stability in the Ukraine, and most CIS countries, these areas are ripe for increased global investment.
Decreased oil prices due to currency devaluation have led to increased competitiveness in export markets.
Currency devaluation across the whole region enforces import-substitution, making exports more competitive in the global market.
Countries like Kazakhstan are extremely rich in raw materials, but companies tended to export the crude. Now, oil and gas are increasingly being processed and refined to finished products, providing value-adding for businesses and the economy as a whole.

As Eurasia experiences a new influx of industrialization, governments are actively supporting localization through policy-making regulations.

A new wave of industrialization is happening in Eurasia

The Creon Energy Fund will play an instrumental part in these investing trends. The lucrative project opportunities are endless in crude to products. The Creon Fund will be there creating jobs and value for economies across the region.

Senior managers from Creon Capital were part of a high-profile delegation from Luxembourg, that visited Kazakhstan from June 10. until June 13. The Grand Duchy’s prime-minister Xavier Bettel headed the group’s visit, which has been organized by the Luxembourg Chamber of Commerce. On a first stop in Astana, Luxembourg top-representatives from politics and the financial sector opened the country’s pavillon on Astana Expo-2017 until the delegation headed to Almaty, Kazakhstan’s “financial capital”. The resource-rich Kazakhstan is an important emerging market in Central Asia, which could be linking China with both Russia and Europe. With a GDP-growth rate above two percent, the territorially huge country with a population of almost 18 million people is already an important logistics hub between east and west. And along China’s “New Silk Road” it could become an industrial center as well. As a Private Equity Fund engaged in Eurasia, Creon Capital has been invited to join the delegation trip to Kazakhstan. CFO Ruslan Zaidan and Florian Willershausen (Director Business Development) used the opportunity to get in touch with partners for potential investment projects. And both top-managers shared their experience of investing in CIS countries with other members of the Luxembourg delegation. After attending the Luxembourg-Kazakhstan-Business Forum, Florian Willershausen concluded: “It’s impressing how the Kazakh authorities improved the countries climate for foreign investors in the last couple of years.” Kazakhstan could become a powerful locomotive for growth in Central Asia and an interesting investment destination for the Creon Energy Fund, said Willershausen.

Max Kremer, Partner of the leading Luxembourg law firm Arendt & Medernach, mentioned financial and consulting entities engaged in Kazakhstan – among them Creon Capital.

Transparence, compliance and a profound risk management are all part of the responsibility a Fund manager has towards his investors. At Creon Capital, we put great emphasis on a sophisticated Corporate Governance, which also means to communicate constantly with our partners. As a consequence, the Creon Capital board decided to adopt the Code of Conduct compiled by the Association of the Luxembourg Fund Industry (ALFI). The ALFI Code of Conduct consists of 10 basis principles, which stipulate how Fund managers should act responsibly in terms of compliance, risk management or information policy. The principles goes far beyond the legal obligations, which have been tightened in recent years in Luxembourg. All 10 principles are underpinned by recommendations that help to implement these Corporate Governance requirements. For Creon Capital this Code of Conduct sets the baseline for all Fund operations. But in practice, we go few steps further. As part of our Fund’s Corporate Governance strategy we’re keen to implement such strict standards also for projects we are investing to. This is part of our responsibility as value-oriented European Fund-managers. Please follow this external link to read the entire Code of Conduct by ALFI: http://www.alfi.lu//sites/alfi.lu/files/files/Alfi%20guidelines%20and%20recommendations/Code-of-Conduct-2013-3-final.pdf

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Creon managers accompany prime minister to Kazakhstan

Creon Capital adopts ALFI Code of Conduct