Astra I (IFC-52389)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Turkiye
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Astra Capital
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 28.14 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 25
Converted using 2026-10-02 exchange rate.
Project Cost (USD)
$ 225.15 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 200
Converted using 2026-10-02 exchange rate.
Primary Source

Original disclosure @ IFC website

Updated in EWS Nov 13, 2026

Disclosed by Bank Oct 2, 2026

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Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the proposed Project is an equity investment of up to €25 million in Astra Equity Partners I SCSp (“Astra I” or the “Fund”). Astra I is a closed-end private equity (“PE”) fund targeting lower mid-market companies across the consumer, industrials, manufacturing, technology, healthcare, food and agriculture, and climate-related sectors in Turkiye. The Fund is domiciled in Luxembourg and has a target size of €200 million.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

The Fund will invest in lower mid-market companies across industrial, manufacturing, consumer, technology, healthcare, food and agriculture, and climate-related sectors in Turkiye. The E&S risks and potential impacts associated with these sectors are considered limited to moderate and can be readily addressed through appropriate mitigation measures. Thus, the Project has been categorized as FI-2 under IFC's Environmental and Social Sustainability Policy. The primary risks relate to the Fund Manager's environmental and social management system (ESMS) and capacity, including its ability to identify, assess, and monitor E&S risks associated with underlying investments.

The Project will not finance coal-related activities, or high-risk business activities (Category A) that may include a) involuntary resettlement; b) risk of adverse impacts on indigenous peoples; c) significant risks to or impacts on the environment, community health and safety, biodiversity, cultural heritage; or e) significant occupational health and safety risks. The Project will not finance activities on the IFC Exclusion List. 

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

 Proposed IFC equity commitment of up to €25 million to the Fund, that has a target size of €200 million.

Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Astra I is a closed-end private equity (“PE”) fund targeting lower mid-market companies across the consumer, industrials, manufacturing, technology, healthcare, food and agriculture, and climate-related sectors in Turkiye. The Fund is domiciled in Luxembourg and has a target size of €200 million.

The Fund will be managed by Astra Equity Partners.


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

For Inquiries About the Project, Contact:
Serkan Kizil, Managing Partner
office address: 17 Bd Friedrich Wilhelm Raiffeisen, 2411 Gasperich, Luxembourg
mail address: info@astraep.com

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

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

How it works

How it works