Türkiye Wealth Fund was established to contribute to Türkiye’s economic development and stability by managing publicly owned assets more effectively and efficiently. It is an asset-backed development fund that focuses on maximizing the value of its portfolio assets and the return from its investments. The sovereign wealth fund aims to fund infrastructure projects in the region. The fund was incorporated with a primarily domestic focus. TVF is expected to generate long-term and low-cost finance for strategic, large-scale investments contributing to Turkey’s development.
Turkey
$300
Salim Arda Ermut
Aziz Murat Ulug and Murat Akguc
Recep Tayyip Erdoğan
71.85% Financial Services
9.72% Transport and Logistics
12.04% Energy
0.39% Mining & Iron - Steel
0.21% Licenses
4.36% Technology & Telecom
0.56% Agriculture & Food
0.87% Real Estate
Asset allocation as of December 31, 2022. All information is as per the most recent annual report or other publicly available data via the fund's website
