Turkey Wealth Fund (TWF), also known as Türkiye Varlık Fonu, is a sovereign wealth fund established in 2016 by the Turkish government. Its primary purpose is to support Turkey's economic growth, promote strategic sectors, and improve the country's financial stability. TWF is designed to contribute to Turkey's economic development by utilizing its resources efficiently, attracting foreign investments, and participating in large-scale projects.
TWF's portfolio consists of various assets, including stakes in major Turkish companies and institutions across multiple sectors, such as banking, transportation, energy, telecommunications, mining, and agriculture. Some notable companies in TWF's portfolio include Türk Telekom, Turkish Airlines, Ziraat Bank, Halkbank, Borsa Istanbul (the country's stock exchange), and Türksat (a satellite communications company).
The fund's investment strategy is focused on creating long-term value by investing in strategic assets, fostering innovation, and promoting projects that drive economic growth and employment. TWF may also participate in infrastructure projects, provide financing for strategic initiatives, and enter into partnerships with domestic and international investors. The fund seeks to improve the performance of its portfolio companies through active management, supporting their growth and international expansion.
TWF is governed by a Board of Directors, which sets the strategic direction, approves major investments, and monitors the fund's performance. The day-to-day operations are managed by a professional team of investment managers and experts led by the Chief Executive Officer. The organization adheres to principles of good corporate governance, transparency, and risk management in its investment activities.