OYAK Asset Management Finberg Venture Capital Investment Fund - OFN

Last Update : 20.05.2024 - 11:00

Portfolio Details

Date of Public Offering :14.03.2022
Total Fund Value :97,903,016.91
Unit Fund Value :2.612559
Portfolio Distribution
Domestic Equity%92.28
Takasbank Money Market Transactions and Domestic Organized Money Market Transactions%0.07
Total%100.00

Fund Investment Purpose/Strategy

The fund aims to become a partner in joint stock and limited liability companies that are not publicly traded, have high growth potential, and need to strengthen their financial structure, through capital injection or share transfer, or to be a founder of venture companies. Provided that the risk arising from investments is limited to the principal amount directed to investment, it may also invest directly in institutions established abroad for the purpose of collective investment in order to make capital investments only in venture companies defined in the Communiqué.

The fund may invest in capital market instruments issued by venture capital investment partnerships and in the participation shares of other venture capital investment funds.
The fund will be able to invest primarily in growing businesses in sectors including technology, finance, retail, etc. Finance, telecommunications, food, healthcare, informatics, technology, transportation, construction, infrastructure investment, agriculture, mining, energy, manufacturing, and retail are the main sectors that the fund aims to invest in, but it will also be able to invest in developing businesses in other sectors.

The existence of a responsible and experienced management team that is open to a corporate management structure and abides by business ethics, ability to create employment, having export potential, adhering to an environmentally friendly management policy, being suitable for operational development, being competitive, and also the ability to create brand value, sustainability, and value-added product development potential are among the criteria to be used as a basis for choosing which companies to invest in.

The investments will be made using methods such as the acquisition of preference shares (preference shares with legal rights to participate in management, above and beyond the normal minority rights), the acquisition of majority shares in the event of existence of professional management, and joint investments with other venture capital investment funds.

The fund may invest in debt instruments issued by venture companies. Provided that the risk arising from investments is limited to the principal amount directed to investment, it may invest directly in institutions established abroad for the purpose of collective investment in order to make capital investments only in venture companies defined in the Communiqué, and in other venture capital funds.

The fund may also invest in companies that are established abroad as of the date of investment, but at least 80% of the assets of which, according to their latest annual financial statements, consist of subsidiaries or affiliates established in Türkiye.

Exit strategies for investments: Exiting investments made in debt instruments will require redemption or sale, and exiting investments made by forming a partnership or a business will require public offering, sale to the founding partner, sale to a strategic partner, or sale to a third party.

Founder / Manager Details

Founder’s Trade NameOYAK Asset Management
Portfolio Manager’s Trade NameOYAK Asset Management

Shareholding Structure of the Founder

SHAREHOLDERVALUE OF SHARESNUMBER OF SHARESSHARE PERCENTAGE
OYAK SecuritiesTL 10,000,00010,000,000100%

Benchmarking Criteria

Fund CodeBenchmarking Criteria
OFNThere is no Benchmarking Criterion.

Rates of Fund Management Fees and Entry / Exit Commissions

Daily Rate of Fund Management FeeApplied as approximately 0.00548% + BSMV (Banking and Insurance Transactions Tax) (five point forty eight per hundred thousand + BSMV) of the Total Fund Value.
Annual Rate of Fund Management FeeApproximately 2%+BSMV on an annual basis (two percent + BSMV)
Entry-Exit CommissionsNo commission is charged when entering or exiting this fund.

Trading Information

Minimum Number of Shares to be Purchased1
Trading PlacesThe trade name and contact details of organizations that have signed an active marketing and distribution contract with the founder can be found below.

Trade NameContact Details
OYAK Securitieswww.oyakyatirim.com.tr
Ayazağa Mahallesi Kemerburgaz Caddesi Vadi İstanbul Park
7B Blok No:7C Kat:18 Sarıyer / İstanbul
0212 319 12 00
The Warning Notice issued as per the “Communiqué on Principles Regarding Investment Services and Activities and Ancillary Services”, by the Capital Markets Board: “The information, opinions, and suggestions on investment contained herein do not fall under the purview of investment consulting. The risk and return preferences of each client are taken into consideration by authorized institutions that offer personalized investment consulting services. The comments and recommendations contained herein, on the other hand, are of a general nature. These suggestions might not be appropriate for your financial position and your preferred level of risk and return. Therefore, making an investment decision based solely on the information contained herein may not yield results that meet your expectations.”