Project detail - TURKEY GROWTH FUND IV L.P.

TURKEY GROWTH FUND IV L.P.

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Who is our client

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.

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 we fund this project

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”.

Environmental and social 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%.

Region
Asia
Country
Turkey
Sector
Infrastructure, Manufacturing and Services
Signing date
6/25/2021
Total FMO financing
USD 25.00 MLN
Fund
FMO
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)
B