Turkey Wealth Fund

Turkey Wealth Fund
Native name
Türkiye Varlık Fonu
IndustrySovereign wealth fund
Founded26 August 2016; 8 years ago (2016-08-26)
Headquarters
Ankara, Turkey
Key people
Chairman:
President Recep Tayyip Erdoğan
CEO:
Salim Arda Ermut
Websitewww.tvf.com.tr

The Turkey Wealth Fund (TWF; Turkish: Türkiye Varlık Fonu, TVF) is a $33 billion[1] sovereign wealth fund founded in August 2016 and owned by the Government of Turkey. The fund is operated with a "Strategic Investment Plan", which was approved by the Cabinet. Companies and assets formerly owned by state institutions shall be eligible to be transferred to the fund and sub-funds shall be able to be created if viewed appropriately.[2]

  1. ^ Pitel, Laura (2020-02-17). "Turkey wealth fund chief rebuffs criticism of Erdogan's role". Financial Times.
  2. ^ "The Law No. 6741 on Establishment of Turkey Wealth Fund Management Company and Amendments in Certain Laws" (PDF). Retrieved 28 October 2020.