About the Fund
Governance &
Terms of Reference.
The Trans-Caspian Enterprise Fund is committed to operating with the highest standards of governance, oversight and accountability. As a U.S.-backed investment vehicle operating in a strategically significant region, the Fund’s credibility depends as much on how it is governed as on the investments it makes. This page sets out, in summary, how the Fund is structured, overseen and held accountable.
How it works
The Enterprise Fund is part of a proven U.S. government-backed model designed to accelerate private sector development and unlock long-term economic growth. By providing investment capital, loans and strategic support to high-potential businesses, Enterprise Funds help create jobs, strengthen local industries and attract foreign investment.
Established by the U.S. Congress, the Fund is governed by an independent board of experienced business leaders from the United States and the host country, ensuring investments are guided by both international expertise and local market insight. Working alongside the Fund’s management team, the board oversees an investment strategy that supports national development priorities while fostering a vibrant and competitive private sector.
Operating under a statutory conflict-of-interest framework, the Fund follows a model that has been utilised by the U.S. government for more than thirty years and maintained across four consecutive presidential administrations. This long-standing bipartisan track record underscores the model’s credibility, independence and effectiveness in supporting economic transformation in emerging markets.
Notable examples
Durable institutions, lasting returns.
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Transparency & Accountability
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Conflicts of Interest
The Fund operates under a statutory conflict-of-interest framework, ensuring investment decisions are made independently, on their merits, and free from undue influence.
Further detail on the Fund’s governance, terms of reference and reporting will be published as the Fund becomes operational.