apply for funding

eligibility and selection criteria

Chevron Direct Investment Fund timeline: The process from proposal submission to release of funds is likely to be 1-6 months.

Eligibility criteria

  • Instrument: Equity
  • Ownership: Chevron Direct Investment Fund Ltd.’s ownership capped at 49%.
  • Deal size: USD$2m to USD$30m
  • Location: All proposals must be executed within the territory of the RoK or display evidence of being overwhelmingly Kazakh in operation and nature.
  • Targeted sectors: Targeted areas for investment include, but not limited to manufacturing, works and services in oil and gas industry with potential of developing the local supply chain; environmental stewardship; information technologies, including digital technologies.
  • Time horizon: In line with the life of the fund, the intention will be to exit investments within 10 years following its launch. This however will not preclude exploring earlier exit opportunities should the opportunity arise.

Please ensure that your proposal meets the above eligibility criteria.

Selection criteria

  • Strong profitability
  • Robust ESG characteristics
  • Financial and non-financial risks
  • Value-creation potential
  • Portfolio diversification

the investment process

The investment process starts with the evaluation of the applications submitted by the applicant. All applications should meet the eligibility criteria as described on the web-portal.

  1. The investment team makes the first assessment of the project, contacts the applicant for more details if necessary. Should the application pass the initial screening, it is submitted for a review by the Advisory Board.
  2. The investment team will conduct an in-depth due diligence on the projects that pass the Advisory Board, including financial/tax, legal and compliance checks. At this stage external service providers may be involved.
  3. Should the investment team decide to proceed based on the results of enhanced due diligence, preliminary term sheet with the parameters of the deal will be agreed with the applicant.
  4. The project will be presented to the Investment Committee of CDIF for approval. After the approval by the Investment Committee the final agreement will be signed and funds released. The diagram below describes the summary of investment process.

Before applying, please ensure that project satisfies eligibility criteria provided on the website.

What are the stages of the investment process?

For more information and answers to common enquiries, please refer to our Frequently Asked Questions page.

your progress

start application

Interested Kazakhstani businesses can apply for funding by submitting the application and required project documentation for the Fund’s consideration.

already have an account?

continue an existing application

or create a new fund application account:

Please complete the application and answer in your selected portal language (Eng).
You can select your preferred language from the navigation or footer before you start your application.

Please note: The application portal was upgraded on June 8th 2022 and all applications in progress are required to complete all new questions.

Note: Passwords must be 8 characters long and include an uppercase and lowercase letter, numeric digit and special character e.g. !#[]()

Requires: A a 0 !

conditions of submission:

Applicants should accept the CONDITIONS OF SUBMISSION before uploading the required project documentation.

Legal Disclaimer
Chevron Direct Investment Fund Ltd. (the “Company”)
CONDITIONS OF SUBMISSION (the “Conditions”)
  • No idea, proposal, material or information (hereinafter the "Information) shall be submitted or received "in confidence"; nor shall any confidential relationship be established or implied from the Company's consideration of any submitted Information.
  • The Company makes no commitment that the Information submitted shall be kept secret.
  • The originality and value of the Information, including an investment project described in the Information, shall be determined solely by the Company.
  • Other than for the limited purpose of evaluating the Information, your submission of the Information to Company shall not constitute a license to us under any patents or copyrights you may own in the submitted Information; nor shall Company's receipt or use of such Information constitute any recognition of any such patents or copyrights.
  • After Company's consideration of the submitted Information, the Company shall at its own discretion to decide whether it will negotiate for the Company's potential participation in the proposed investment project.
  • If Company elects not to so negotiate, or if negotiations do not result in an agreement signed by you and Company, Company shall have no obligation to you arising out of your submission of the Information
  • The Company shall be under no obligation to return or destroy any Information submitted pursuant to these Conditions, except that any personal data included into the Information will be destroyed after Company has completed its assessment and made a decision on its potential participation in the proposed investment project.
  • These Conditions may not be modified or waived except in writing signed by an authorized representative of the Company.
  • By clicking the button "Accept' below and submission of the Information by uploading through this online platform you represent and warrant that:
    • you have the full authority to disclose the Information on these Conditions;
    • the submitted Information is true and accurate;
    • you express your consent and have obtained a consent of the owner of the personal data included into the Information for Company's or its affiliates' collection, processing, transfer (including, cross-border transfer) of the personal data included into the Information for the purpose of Company's assessment and decision on its potential participation in the proposed investment project as well as disclosure to third parties that need to know this information to assist Company with achieving the stated purpose;
    • you accept these Conditions in consideration of Company being willing to review the Information; and
    • you further agree that such Conditions shall apply to all additional disclosures made incidental to the original Information submitted

application requirements

You will need to provide the following information to support your application:

  • Investment Proposal: Provide a detailed description of the investment proposal, preferably with an accompanying business plan
  • Projected IRR (internal rate of return): Provide a projected IRR, preferably with an accompanying financial model showing historic financials along with projections for the next five years
  • Industry dynamics: Describe the economics of the industry/sector you are operating in, along with the competitive landscape
  • Organisational structure & local content: Outline the organisational structure (with a breakdown of jobs by geographic location) with the names and bios of all senior management
  • Ownership: Name all shareholders and the number (and type) of shares held in the company, including the names of all ultimate beneficial owners (UBOs). If your company is not yet registered, please outline the planned ownership structure and key individuals/UBOs. Relevant documentation to your submission confirming this ownership information to be attached
  • Capital required: Provide detail on the capital required for this project both now and in the future (incorporating debt and equity requirements) in addition to more information on the utilisation of funds
  • Company registration and asset location: State where is the company is (or will be) registered and outline what portion of purchased assets will be based in Kazakhstan