 NIC invests in private equity, hedge funds, real estate and infrastructure through external managers and has signed up to the Santiago Principles on best practice in managing sovereign wealth funds.In order to achieve its goals the NIC will invest in alternative asset classes in the international financial markets with investment horizon of 10–20 years, and other types of activities involving trust asset management.NIC was established under the initiative of the Governor of National Bank of Kazakhstan and under the agreement of the President of the Republic of Kazakhstan.