Japanese-U.A.E. firms launch fund to invest in Türkiye

Aksam – Abu Dhabi financial services firm Invest AD and Japan's SBI Holdings will focus on acquiring Turkish companies with the establishment of a private equity fund, according to a joint statement.

To be run by the two companies through an office in Istanbul, the USD 100 million fund will supply growth capital and employ its international networks and expertise to help promising companies to improve economies of scale, grow market share and expand overseas. SBI and Invest AD plan to invest in companies from various sectors including food, retail, pharmaceuticals and healthcare.