Investment Management in Mongolia

Chono Group

Chono Group is a privately-owned Mongolian investment holding company, which strategically invests in the Property, Mining, Hospitality, Agricultural, Logistics and Wood processing sectors. Founded in 1992, Chono Group is making a significant contribution to shaping the landscape of Ulaanbaatar city into what it is today. Through the years, Chono Group has successfully completed numerous projects varying from hotel and residential developments to business park and high-end multi-purpose complex and has been lauded for the properties’ visionary concepts. Chono Group has eager interest in further development of prospective, mineral rich deposits of the country to bring value for economic development and is performing satisfactory exploration processes.

501 to 1000 staff

Blacswan

Blacswan is an emerging alternative investment firm deploying institutional capital across private equity, credit, impact, and real assets, with a strategic focus on Mongolia, serving institutions and private clients. Based out of Ulaanbaatar, Blacswan leverages its extensive network across Central Asia, the Middle East and North America to excel in sourcing, due diligence, structuring, and management of investments.

1 to 10 staff

Dbm Asset Management Llc

DBM Asset Management SC” LLC is a wholly owned subsidiary of the Development Bank of Mongolia established in accordance with Government resolutions №135 of 2017 and DBM BOD resolution №66 of 2017 and is dedicated towards providing asset management services in a purely commercial manner in accordance with all relevant rules, standards and regulations of the Financial Regulatory Commission (FRC).

11 to 50 staff

Think Capital Mongolia Llc

With in excess of 7 years of experience of Mongolia, we engage into developing and managing attractive investment opportunities that give savvy investors the possibility to join in an alternative investment perspective.

1 to 10 staff

Mstars Hub

MStars Hub- a startup accelerator to empower startups and prepare them for investment. To better serve our participating startups’ global demand, our accelerator has joined the GAN network, which is the world’s largest network of accelerator programs.

1 to 10 staff

National Investment Alliance

The National Investment Alliance (NIA) was established with the aim of providing a range of investment opportunities, as well as business support services to foreign companies who are either already established or are looking for new prospects in Russia. NIA has a network of 53 branches and representative offices across Russia. NIA works closely with the local and regional government of the Russian Federation to facilitate the entry of your business or investment venture into the country. Furthermore our team of skilled professionals, based in our Moscow offices, works at the highest standards to provide you with all the up to date information that you need to establish a successful business in Russia. NIA is a representative of the Alpha Pacific Group in Russia and the CIS. The Alpha Pacific Group has a number of active investment projects in Indonesia, Singapore and Australia, as well as providing consultancy and business support services in these countries. To receive more information about possible new directions for the development of your business or investment opportunities in these countries, please visit the website of the Alpha Pacific Group - For more in detailed information of the services offered by NIA, please visit the “Services” section of this website.

11 to 50 staff

Tavan Bogd Group

Tavan Bogd Group is one of the largest conglomerates in Mongolia, with strategically diversified business interests focusing on key operations within four strategic areas of Trade and Service, Manufacturing, Tourism and Hospitality and Equity Investment. Since its establishment in 1995, Tavan Bogd Group has consistently been leading on the forefront of Mongolian market opportunities not only developing its strategic positioning and competitive advantage in the market but proactively partnering with top international brands and companies. The Group has always been concentrating on initiatives and continuous improvement on the basis of careful analysis and profound expertise gained through the years. Tavan Bogd Group has displayed a keen vision of present and future market growth opportunities. Moreover, it has expanded its business portfolio to 19 subsidiaries and 4 affiliated companies. Our business portfolio consists of numerous market leading companies (Gobi Cashmere, Ulaanbaatar Flour, Khan Bank, Kempinski Hotel, etc.) Please visit our website for more information about our operations at

10001+ staff

Erdenes Mongol Group

In 2007, the Government of Mongolia established Erdenes Mongol LLC as Mongolia’s principal state-owned enterprise with the goal of creating value and benefits by integrating Mongolia's strategically important mineral deposits into the national economy. Subsequently, a decision was made to assign Erdenes Mongol LLC the authority and responsibility to manage state-owned mining companies under the principle of consolidation, ensuring that subsidiaries operate within a unified leadership and organizational structure. Erdenes Mongol Group serves as the holding company for 31 different legal entities organized into three groups: Copper & Metals, Fuel & Energy, and Infrastructure & Logistics. As the largest player in the mining industry, Erdenes Mongol Group is involved in the exploration, mining, beneficiation, and refining of gold, silver, copper, coal, and other minerals. As of 2024, Erdenes Mongol Group holds 26% of the country’s registered coal reserves, 18% of copper reserves, 22% of fluorspar reserves, and 15% of iron ore reserves, accounting for approximately 30% of the country’s total export revenue.

10001+ staff

Newcom Group

Newcom is Mongolia’s leading investment firm with over 27 years of track record of pioneering change across multiple industries having successfully transformed Mongolia’s telecom, aviation, and energy sectors. We are a long-term, technology-driven investor with focus on sustainable investment opportunities with lasting impact. Our investments across multiple sectors steer their respective industries towards a more sustainable future and aim to bring positive impact to our community and environment. We employ global best-practice in management and corporate governance practices to develop bankable business models and actively manage our investments to maximize return on our investments. Our team of management and industry professionals provides in-depth project development, management, financial and operational expertise to develop sustainable solutions for industry challenges and drive value creation across our existing investments and projects.

201 to 500 staff

Mandal Asset Management

Mandal Asset Management, a fully owned subsidiary of Mandal Financial Group, is investment management and advisory company. The firm manages over MNT 110 billion of capital through its asset management and money market products. Mandal Asset Management combines a deep knowledge of the business and financial markets with investment expertise to create and maximize value for its investors. We also provide strategies that effectively combine both equities and fixed income, diligently taking into account the potential risk and return of each investment. Our team of management which specializes in economics, finance and investment provides in-depth market research, defines investment strategy and invest in market delivering value creation for our investors.

11 to 50 staff

Hera Holding Llc

HERA HOLDING” LLC was established in 2003 with the licensing of domestic, foreign trade and construction work. Our company is working on providing Mongolian customers and clients with the worldwide recognized technologies and goods. Since 2004 our company has been operating as an official dealer of “Hite Brewery” Corporation and starting from 2005 we are an official dealer of “Hyundai Heavy Industries” Corporation. We supply the heavy machinery to the mining, road and bridge building, communication, construction and energy production sectors of Mongolia as well as importing the Hite beer. We at Hera Holding LLC express our gratitude to all our customers, clients and business associates for your devoted partnership and continued suppor in our endeavor to supply machinery and tools essential in the development of the economics of our country. Since starting out our activities in 2004, our company competed in numerous projects in mining, road and bridge building, construction, energy production, and communication and have been supplying businesses and individuals alike with world class heavy machinery and equipment. In Mongolia Hyundai brand comprises about 70 percent of total heavy machinery and equipment and more than 40 percent of all sold imported beer is from the Hite Brewery. Today Hera Holding LLC with over one hundred highly qualified employees has all required assets and logistics to operate in every corner of Mongolia.

201 to 500 staff

Ashid Asset Management

At Ashid, we aim to become a leading impact investing company trusted by all stakeholders in its commitment to develop inclusive, simple(easy) and responsible investment management services. With a team of internationally experienced and fresh minded professionals, we deliver long-term growth in value for investors and portfolio companies.

11 to 50 staff

Gund Investment

Roots of the company go back to the 1990s, a time when a socialist economy collapsed in Mongolia, and the country embraced the free market. In 1991, a group of friends established a small trading company DACO, which later became a mineral consulting company named "Mine Info" LLC in 1996. The company was able to capture business opportunities and advantages offered by the investment boom in the mining industry, which took place in 2004-2007 and become one of the most rapidly expanding and diversifying company in the country. The company adapted holding the structure in 2007 and continued expansion with interest in 17 companies in mining, financial services, real estate, construction material production, fast food and number of other sectors. In 2016 the company was restructured with a purpose to sort out the increasing complexity caused by rapid expansion and lack of clear strategy shared between shareholders to manage highly diversified activity. Hence, it split into three separate groups of companies, one of which is "Gund investment" LLC. Currently "Gund investment" LLC holds investments in mining, financial service, real estate, business incubation and system engineering, digitalization services

11 to 50 staff

Standard Investment

Андеррaйтер, Хөрөнгө оруулалтын зөвлөх, Брокер дилерийн компани Underwriting, Investment advisory, Dealing and Brokerage company in Mongolia

51 to 200 staff

Cbi Management, Inc

The Private Equity Firm focuses on a value-oriented, opportunistic investment approach with active, hands on management in large, addressable markets where CBi has significant experience and expertise. While we are open to investments across a range of industries, sectors in which we have made substantial private equity investments recently include Healthcare, Auto Chemical, Energy and Information Technology.

11 to 50 staff

Altai Holding Llc

Altai Trading LLC was established in 1991 and started its business in international and domestic trading and cashmere exporting businesses during market economy transition period. Since then the company expanded its businesses and invested in diversified industrial areas. In 2005, our company was re-organized into holding company and renamed as Altai Holding. The group owns over 10 subsidiaries in hospitality, manufacturing, retail, trading, ICT and media industries employing approximately employees.

1001 to 5000 staff

Realsource Llc

For over a decade, RealSource LLC has delivered strategic insight and practical solutions across Mongolia’s most dynamic sectors: real estate, mining, logistics, and trade. We are a boutique investment and project consultancy based in Ulaanbaatar, with roots in the United Kingdom and operations spanning Asia.

1 to 10 staff

Synergy Fund Solutions

Synergy Fund Solution orchestrates comprehensive investment strategies, harmonizing diverse sectors to fuel sustainable growth and foster innovation in a frontier market. Entrusted with the responsibility of safeguarding investors' assets, we navigate the financial landscape with expertise, ensuring their sustained growth for the future. We plan to bolster the middle class by making sustainable investments using system engineering, while introducing cutting-edge technologies to Mongolia. Our commitment extends to adopting a proper system of internal control, risk management, and governance in our operations.

1 to 10 staff

Golomt Asset Management Llc

Golomt Asset Management is an investment firm committed to delivering disciplined investment strategies and sustainable long-term growth. As a subsidiary of Golomt Financial Group, we leverage 30 years of expertise, market intelligence, and financial data to create value across diverse asset classes. With a strong foundation in investment expertise and market-driven insights, we help clients navigate dynamic financial environments with confidence. Our focus on capital preservation, risk-adjusted returns, and portfolio diversification ensures that investors achieve their financial objectives in both stable and volatile markets. Backed by a team of industry professionals, we leverage global and local market expertise to identify high-potential opportunities and optimize portfolio performance.

1 to 10 staff

Huvitsaa.Mn

1 to 10 staff

Iromax Llc

11 to 50 staff

Vandelay Industries Management Ltd

Investment, Trade & Project Management Advisory Services for Chinese & Mongolian Business

1 to 10 staff

Bodi Group

Бодь Групп нь 1993 онд үндэсний хөрөнгө оруулагчдын санаачлагаар үүсгэн байгуулагдсан бөгөөд эрчим хүч, дэд бүтэц, уул уурхай, барилга, банк санхүү, хэвлэл мэдээлэл, аялал жуулчлал, хүнс, хөдөө аж ахуй зэрэг салбаруудад тэргүүлэгч бизнесүүдийн нэгдэл Bodi Group, founded in 1993 by national investors, encompasses a diverse range of industries: energy, infrastructure, mining, construction, banking and finance, media, tourism, food, and agriculture.

1001 to 5000 staff

Ochir Undraa Holding Llc

Очир Ундраа группийн толгой компани “Очир Ундраа Холдинг” ХХК-ийн хуудсанд тавтай морилно уу. “Очир Ундраа Холдинг” ХХК нь 2022 онд байгуулагдсан ба стратегийн ач холбогдол бүхий салбаруудад оновчтой хөрөнгө оруулж өөрсдийн багцыг солонгоруулах, группийн менежментийн үйл ажиллагааг сайжруулах, зөвлөгөө өгч хамтран хэрэгжүүлэх замаар компаниудын бизнесийн үр ашгийг дэмжих, тогтвортой үйл ажиллагааг хангах, улмаар хувьцаа эзэмшигчдийн урт хугацааны үнэ цэнийг нэмэгдүүлж ажиллах чиг үүргийг хэрэгжүүлэн ажиллаж байна. Очир Ундраа Групп нь онд байгуулагдсан цагаасаа хойш Монгол Улсын эдийн засгийн хөгжлийн тулгуур болсон уул уурхай, барилга, дэд бүтэц, хими, санхүүгийн салбаруудад худалдаа, үйлчилгээ, үйлдвэрлэлийн үйл ажиллагаа явуулдаг хувийн хөрөнгө оруулалттай үндэсний тэргүүлэх групп компаниудын нэг юм. Манай байгууллага нь 16 салбар компани, 900 гаруй ажилтантайгаар бизнесийн үйл ажиллагаагаа өргөжүүлж, олон улсад өрсөлдөх бүтээгдэхүүн, үйлчилгээгээр харилцагчдынхаа талархлыг хүлээж, үнэ цэнэ, бүтээмжээ тасралтгүй нэмэгдүүлэн ажиллаж байна. Манай бизнесийн байгууллагуудад зах зээлд тэргүүлэгч олон тооны компаниуд (Практикал даатгал, Мера групп, Очир Ундраа ОМЗ ББСБ гэх мэт) багтдаг. Манай үйл ажиллагааны талаарх дэлгэрэнгүй мэдээллийг вэб сайтаас авна уу.

11 to 50 staff