Create Value Through Investing

Expanding landscape

Founded on Integrity.
Focused on Your Future.

Letter from Chairman of the Board

Tenger Capital Securities LLC was founded in 2007 and is now a company with 19 years of history.
In 2025, we elevated our operations to a new level by fully renewing our corporate strategy, governance, leadership team, and organizational structure based on the core principle that “the path to growing everyone's wealth must be clear, reliable, and well‑directed.”
As part of this transformation, we successfully raised more than 600 billion MNT within a short period in 2025, while our trading performance grew by 1250% — a 13.7-fold increase — positioning us as one of the Top‑3 leading companies in the sector.
Going forward, we are committed to consistently delivering professional, ethical, responsible, and sustainable performance at all levels of our operations, always prioritizing the best interests of our clients.

Respectfully,

S. Gan-Erdene

Tenger Capital SC LLC Chairman of the Board

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Trusted by Clients Worldwide

Building wealth through expertise, innovation, and unwavering commitment to excellence

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₮670B+

Billion raised in 2025

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170+

Institutional and HNW clients

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19

Years of Experience

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600+

Investment product groups

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10,000+

Retail Clients

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160+

Over 160 exchanges of 35 countries

Guiding Principles

Client First

We place our clients at the heart of everything we do. Every strategy, every decision, and every recommendation is crafted with your unique financial goals and risk tolerance in mind. Your trust drives our commitment to excellence.

Transparent Integrity

We believe in complete transparency and unwavering integrity. From fee structures to investment strategies, we ensure you have full visibility into how we manage your wealth. No hidden agendas, just honest guidance you can rely on.

Productive Capital

We believe capital should deliver measurable value. Through disciplined structuring, efficient execution, and prudent risk management, we ensure each transaction supports issuers and investors while contributing to the long-term development of Mongolia's capital markets.

Long-Term Partnership

We're not just executing trades—we're building lasting relationships. Our approach focuses on sustainable, long-term growth for issuers and investors alike. From structuring deals to navigating market shifts, we're here for every milestone, adapting strategies as your goals evolve.

Gan-Erdene Sanjkhuyag

Tenger Capital
Chairman of the Board

Gan-Erdene Sanjkhuyagimage

Gombodorj Nyamtogtokh

Tenger Capital
Chief Executive Officer

Gombodorj Nyamtogtokhimage

Baatarbold Jukov

Tenger Capital
Deputy CEO

Baatarbold Jukovimage

Darkhanbayar Radnaa-Ochir

Tenger Fund Management
Chief Executive Officer

Darkhanbayar Radnaa-Ochirimage

Lkhamsuren Boldbaatar

Chief Financial and Operating Officer

Lkhamsuren Boldbaatarimage

Dashnyam Sanduijav

Chief Investment Officer

Dashnyam Sanduijavimage

Byambatogoo Davaasuren

Chief Marketing Officer

Byambatogoo Davaasurenimage

Bilguun Ganbaatar

Chief Trade Officer

Bilguun Ganbaatarimage
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A service as individual as you are

Every client receives individualized attention from a dedicated broker and analyst, ensuring you always have experts on hand to answer questions and navigate every financial decision with confidence.

Changelog from our journey

We've been working on Tenger Capital for the past 19 years. Here's a timeline of our journey.

2007

Songdo

- USD 15.3 million equity financing in the healthcare sector

Gemnet

- USD 14.0 million debt financing in the information technology sector

Premium Concrete

- MNT 30.0 billion merger and consolidation in the cement industry

Master Group

- MNT 2.0 billion corporate bond issuance in the real estate sector

- USD 10.0 million project financing in the real estate sector

Tenger Insurance

- MNT 6.0 billion merger and consolidation in the insurance sector

- MNT 2.5 billion liquidation and asset disposal transaction in the mining sector

2023 Q3

Served as Co-Underwriter for LendMN NBFI JSC's public bond issuance, successfully raising MNT 3.0 billion.

Acting as Underwriter, successfully placed a MNT 2.5 billion OTCly offered bond of Agro World LLC, an early-stage industrial company, to professional investors on the OTC market.

2023 Q4

Worked as Lead Underwriter for LendMN NBFI JSC's MNT 5.0 billion OTC debt instrument; successfully placed MNT 3.0 billion in 2023, with the remaining MNT 2.0 billion placed in early 2024 through a blockchain-based platform under the Sandbox regulatory framework.

Served as Lead Underwriter for Bumbiin Shovkh LLC's MNT 20.0 billion OTC bond. As of March 2024, the full amount was raised and repayment completed. Proceeds supported the completion of a mixed-use residential and commercial development project.

Provided advisory services on a MNT 40.0 billion debt restructuring transaction for a private healthcare company, including financial modeling and business / equity valuation.

2024 Q1

Acted as Lead Underwriter for GSB Capital NBFI's MNT 20.0 billion OTC debt instrument; completed repayment in 2025 Q1.

Served as Lead Underwriter for LendMN NBFI JSC on a MNT 20.0 billion OTC bond issuance and successfully raised MNT 15.0 billion, the maximum amount permitted by the Financial Regulatory Commission as of 2024 Q4.

2024 Q2

Acted as Lead Underwriter for Developing Entrepreneurial Mongolia NBFI LLC on a MNT 2.7 billion OTC bond issuance; full proceeds were raised repayment completed in 2024 Q3.

Worked as Underwriter for Platin City LLC's MNT 1.5 billion OTC bond, successfully raising the full amount. Proceeds support real-estate dealership operations, improving liquidity for property buyers and sellers.

2024 Q4

Participated as Co-Underwriter for Shunkhlai LLC's MNT 80.0 billion public bond issuance, successfully raising MNT 15.0 billion.

2025 Q1

Acted as Underwriter for ABTS NBFI LLC, a Japanese-invested company, successfully raising a MNT 1.6 billion OTC bond.

Served as Underwriter for Khan-Altai Resource LLC's MNT 20.0 billion OTC bond, fully raising the entire amount.

Worked as Underwriter for Premier Investment Group LLC on a MNT 10.0 billion OTC bond issuance, successfully raising the funds.

2025 Q2

Served as Lead Underwriter for Bers Finance NBFI LLC's MNT 5.0 billion OTC debt instrument.

Acted as Lead Underwriter for Eco Car Center LLC's MNT 9.5 billion OTC debt instrument.

Acted as Lead Underwriter for Munkhiin Useg LLC's MNT 3.5 billion OTC bond, successfully raising MNT 3.2 billion.

Served as Lead Underwriter for Alliance Capital NBFI LLC's MNT 1.6 billion OTC bond.

Worked as Lead Underwriter for Mongol Alt LLC's MNT 6.0 billion OTC bond.

2025 Q3

Acted as Lead Underwriter for Bichil Globus BZG LLC's MNT 10.0 billion OTC debt instrument.

Served as Lead Underwriter for Mon Blox LLC's MNT 3.0 billion OTC bond, successfully raising MNT 3.0 billion.

Worked as Lead Underwriter for West Hill LLC's MNT 2.0 billion OTC bond.

Acted as Lead Underwriter for Finco Capital NBFI LLC's MNT 3.0 billion OTC bond.