Project detail - TURKEY GROWTH FUND IV L.P.


Status: Approved investment
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The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

Who is our customer

Turkven is one of the most experienced private equity firms aiming to attract foreign investors into Turkey. To date, Turkven has worked on over $5 billion of investments into 26 Turkish companies, and now advises Turkey Growth Fund IV.

What is our funding objective?

Turkven aims to make growth-capital investments in high-growth, mid-cap Turkish companies with market leadership aspirations in their respective industries. By investing in the Turkish Growth Fund IV, FMO can contribute to the economic growth and sustained private equity market development of Turkey.

Why do we fund this investment?

This investment fits FMO’s strategy: deepening a relationship with an existing advisor, and contributes further to FMO’s ambition of being a preferred partner for growth in the “Circle Around Europe”.

What is the Environmental and Social categorization rationale?

Based on the risk profile of the pipeline companies, the E&S categorization is B (medium – high risk). Turkven has shown a solid commitment towards E&S and has a strong environment and social management system in place. Turkven conducts rigorous ESG due diligence during its investment process and develops E&S action plans to bring the investments into compliance with the IFC Performance Standards. Portfolio companies employ 48% women compared to the country average of 33%.

Infrastructure, Manufacturing and Services
Publication date
Effective date
Total FMO financing
USD 25.00 MLN
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)