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 owned by Government of Turkey. The fund is operated with "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 created if viewed appropriate.^[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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