Turkven Private Equity Fund IV (EBRD-50196)

Countries
  • Turkey
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
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
Turkish Private Equity Fund IV LP
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • Industry and Trade
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)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jun 14, 2019

Disclosed by Bank May 15, 2019


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Project Description

According to the Bank's website,this project will provide financing to the Turkish Private Equity Fund IV for equity and quasi-equity investments in mid-cap companies, predominantly in Turkey.

Turk Venture Partners IV will be responsible for compliance with the European Bank of Reconstruction and Development's Performance Requirements. 

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Private Actors

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

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

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.