Turkey Wealth Fund

Turkey Wealth Fund
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.tvf.com.tr

The Turkey Wealth Fund (TWF; Turkish: Türkiye Varlık Fonu, TVF) is a $33 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]

^ Pitel, Laura (2020-02-17). "Turkey wealth fund chief rebuffs criticism of Erdogan's role". Financial Times.
^ "The Law No. 6741 on Establishment of Turkey Wealth Fund Management Company and Amendments in Certain Laws" (PDF). Retrieved 28 October 2020.

[1] Pitel, Laura (2020-02-17). "Turkey wealth fund chief rebuffs criticism of Erdogan's role". Financial Times.

[2] "The Law No. 6741 on Establishment of Turkey Wealth Fund Management Company and Amendments in Certain Laws" (PDF). Retrieved 28 October 2020.

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