Balchug is a private equity firm focused on real assets in emerging markets.
Balchug Capital is headquartered in Yerevan, Armenia. It was founded in 2010 by David Amaryan, who serves as Chief Executive Officer and oversees all investment activity.
The firm invests globally and has offices in the Middle East (Dubai) and Asia-Pacific (Hong Kong) as well as the CIS.
The firm upholds the highest standards of responsible business conduct, guided by core norms and values of professional ethics. Its operations reflect a rigorous adherence to legal and regulatory frameworks, including fair competition, equitable labor practices, diligent tax compliance, anti-corruption measures, and the safeguarding of human rights and environmental integrity.

Balchug’s portfolio spans landmark assets in real estate, banking, and manufacturing and has AUM of over $2 billion.

Balchug Capital

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