 | |
Native name | Türkiye Varlık Fonu |
|---|---|
| Industry | Sovereign wealth fund |
| Founded | 26 August 2016 |
| Headquarters | Ankara, Turkey |
Key people | Chairman: President Recep Tayyip Erdoğan CEO: Salim Arda Ermut |
| Website | www |
The Turkey Wealth Fund (TWF; Turkish: Türkiye Varlık Fonu, TVF) is a $49 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] As of 2022, TWF manages over $300 billion in total assets.[1]
- ^ a b "Turkey Wealth Fund 2022 Integrated Annual Report" (PDF).
- ^ "The Law No. 6741 on Establishment of Turkey Wealth Fund Management Company and Amendments in Certain Laws" (PDF). Retrieved 28 October 2020.