SEAF and Globalturk Capital join forces to grow SMEs in Turkey
On December 20, 2012, Small Enterprise Assistance Funds (SEAF) and Globalturk Capital (Globalturk)
have announced a partnership to discover and invest in qualified SMEs in Turkey. The collaboration will
focus on companies with strong business models and proven technologies, with goals to adapt their
business throughout Turkey and beyond. The partnership will make use of Globalturk’s experience in
Turkey in tandem with SEAF’s global network and 20+ years of investing in emerging markets.
SEAF will be actively seeking investment opportunities in Turkey. The Turkish SME market comprises
70% of the Turkish private sector and has been an important factor in Turkey’s growth. The investment
initiative will provide a global channel for Turkish SMEs to facilitate business development and growth,
as the collaboration will provide funding, technical assistance and an established worldwide network.
Bert van der Vaart, SEAF’s Chairman hailed the importance of the Turkish market and the partnership,
stating “SEAF has seen excellent Turkish entrepreneurs in SEAF’s markets in Southeast Europe, the
Caucasus and Central Asia. Together with Globalturk, we look forward to investing in fast growing
Turkish enterprises in Turkey itself.” Baris Oney, Managing Partner of Globalturk Capital, remarked that
“with SEAF we shall be targeting an untapped market to date by private equity investors, where serious
institutional money shall be investing selectively in Turkey’s top SMEs who have growth ambitions not
only in but beyond Turkey.”
In addition to the formal partnership between SEAF and Globalturk, Mr. van der Vaart of SEAF has joined
the Advisory Board of Globalturk Capital to initiate the first stage of the collaboration. Mr. Oney will be a
member of the Investment Committee of SEAF’s Caucasus Growth Fund and SEAF’s Central and Eastern
European ICT initiative. The partners also intend to expand their cooperation to form an SME Fund for
Turkey.
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Globalturk Capital is a Pre & Post Investment Management and Advisory Services Firm, assisting and
managing investments coming into and going out of Turkey. http://www.globalturkcapital.com
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SEAF is an SEC registered investment adviser to international private equity funds through which it
has invested growth capital and provided business support to growth-oriented small and mediumsized enterprises (SMEs) in frontier and emerging markets for over two decades. With assets under
management (AUM) of USD 452 million, SEAF’s funds identify and support promising entrepreneurs
while seeking to provide attractive returns to its investors. SEAF manages its funds through a
network of 26 offices around the world, with its headquarters in Washington, D.C.
It should be noted that this material is not and should not be construed to be an offering of, or a solicitation of an offer to purchase interest in any
fund operated by SEAF. Any such offering or solicitation can only be made via the delivery of an offering memorandum. It should be noted that
investments in SEAF funds are subject to significant risks, including the risk of total loss. Risk factors contained in the funds’ offering
memoranda should be carefully reviewed. Past performance is not necessarily indicative of future returns. All performance reflects the
reinvestment of dividends and other investment income. All information regarding portfolio and geographic exposures are subject to change.