Actera III (IFC-41648)

Countries
  • Turkey
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
ACTERA PARTNERS III L.P.
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Mar 13, 2019

Disclosed by Bank Feb 19, 2019


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Project Description

According to IFC website, the project consists of an equity investment of up to USD30 million in Actera Partners III L.P., a generalist, closed-end private equity fund domiciled in Jersey. Fund will invest in mid-market growth capital/buyout transactions in Turkey.       

People Affected By This Project

Project Outcomes:
- Stakeholder: Access to growth capital for Fund investees: The Fund, while maintaining a generalist strategy, will provide access to much needed long-term equity capital for mid-market companies in Turkey.
- Stakeholder: Increased Investee Growth: IFC expects the Fund to help in knowledge transfer and bring operational value-add to its investees.

Contribution to Market Creation
- Competitiveness: The project is expected to increase PE market activity in Turkey by demonstrating the viability of PE investments given the challenging fundraising environment.
- Integration: (i) Through the capacity building activities of the Fund, the project will help investee companies expand their businesses abroad, promoting greater market integration. (ii) Actera III will expand access to private capital through introducing new institutional investors to Turkey.

Investment Description
  • International Finance Corporation (IFC)
Private Actors

Actera Group Limited (“Actera”), a Jersey limited liability company acting as investment adviser to funds focused on investing in Turkey.           

Contact Information

Turker Tekten
CFO, Actera Group 
+90 (216) 516 0100
info@acteragroup.com
Kuleli Cd. No:43A 34684 Cengelkoy, Istanbul - Turkey
http://acteragroup.com

ACCOUNTABILITY MECHANISM OF IFC
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/