Turkven Private Equity Fund IV

Location:

Turkey

Project number:

50196

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Status:

Concept Reviewed

PSD disclosed:

15 May 2019

Translated version of this PSD: Turkish

Project Description

An equity commitment in favour of Turkish Private Equity Fund IV (the "Fund").

Project Objectives

The Fund seeks to generate long-term capital gains from equity and quasi-equity investments in mid-cap companies, predominantly in Turkey.

Transition Impact

The Bank's proposed investment will provide long-term equity financing to mid-cap companies and support a follow-on fund of an experienced fund manager in Turkey. As such, this project supports the mid-cap focused segment of the private equity market in Turkey, and the development of Turkey's capital markets.

Client Information

TURKISH PRIVATE EQUITY FUND IV LP

The Fund will be managed by Turk Venture Partners IV Limited and advised by Turk Ventures Advisory Limited.

Environmental and Social Summary

Categorised FI (ESP 2014). The Fund Manager will be required to comply with EBRD's Performance Requirements ("PRs") 2, 4 and 9 which includes adherence to the EBRD's E&S Exclusion List and implementing the EBRD's E&S Risk Management Procedures for Active Equity Funds. The Fund Manager must submit Annual Environmental and Social Reports to the EBRD on the implementation of the Bank's PRs as well as the Fund's Environment and Social Management System.  

Technical Cooperation

None.

Company Contact Information

Turk Ventures Advisory Limited
Barry.McClay@apexfs.com
+441481735804
+441481715219
http://www.turkven.com
Royal Plaza Royal Avenue St Peter Port, GY1 2HL, Guernsey, United Kingdom

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