In August 2010, Co-Founders Harris Kupperman and Jordan Calonego, went to Mongolia with the goal of capitalizing on the intense growth within Mongolia. While there, they learned of two unique facts: the Mongolian economy is far more robust than they had ever imagined; and that there was no suitable way to gain investment exposure to Mongolia’s economy. Unable to find an ideal way to invest in Mongolia, they instead set out to build their own diversified entity, Mongolia Growth Group Ltd.
Given their backgrounds as investors in hundreds of public companies, they set out to build a company that could be a template for all businesses in terms of corporate governance and transparency. The Company was listed in February of 2011 and has grown to own some of the most desirable property in Ulaanbaatar, Mongolia.