LONDON
Türkiye may enter a decade-long period of attracting long-term investment funds, though it may not happen overnight, Baris Oney, founder and managing partner at Globalturk Capital, told Anadolu.
Oney said representatives from especially private equity and venture capital funds will attend the 2025 Outlook on Private Capital in Türkiye and Environs conference at the London Stock Exchange on Thursday.
He noted that such investment funds stay for at least five to seven years in the country when they invest in companies, and they are categorized as foreign direct investment. Such long-staying funds are called “patient funds,” he said.
“It’s not a kind of capital affected by market volatility or daily changes, which is why it proves to be of great worth to Türkiye, since it doesn’t only provide financing but also contributes to the strategies of companies with their know-how and can open up new markets,” he said.
Oney mentioned that there have been some difficulties in attracting such funds in the last few years but these funds have been mobilized to reinvest in Türkiye as they see the economic policies implemented in the country.
He highlighted that some funds that had not invested in the country for a long time returned in the last months of 2024, but ongoing issues in exchange rates and inflation are important for these investors.
“Long-term fund investors are monitoring Türkiye to see rationality in its medium- and long-term policies, as well as confidence in its economic administration and its market,” he said.
“I see that such long-term investments will start to come in one after another, especially as of the second half of the year, but it is very important not to deviate from the rational (economic) policies,” he added.
Turkish private sector used to operating in turbulent times
Oney said the predictability of the Turkish economy depends on many macroeconomic indicators, and the significant shifts in global policies with the US make estimates difficult, as investors adopt a “wait-and-see” approach for the time being.
“The world has become very unpredictable and it will not be stable for a long period ahead, however, the Turkish private sector is used to operating in turbulent times, as it’s grown its companies and brought them to good positions,” he said. “Our message is: Come, invest in these companies and trust our experienced people who know what to do in such times.”
He said the funds came to Turkish companies mainly operating in the exports of technology and industry, as well as those that work to contribute to green transformation, and those operating in high consumer demand fields, such as health and manufacturing.
