• Turkish VCIF introduces a flexible regulatory model, sets forth provisions on custodianship, transparency and reporting requirements, in line with the international market standards.
• Established and managed by a Capital Markets Board (CMB) licensed asset manager
• Sold to qualified investors “Qualified Investors” only
• Leverage restrictions – maximum 50% of investment value undertaken by the VCIF is allowed.
• Maturity burden, the Fund must be closed end
• Professional management in charge of the fund administration
• All decisions to be taken by an Investment Committee
• Declaration of Fund Unit Value to Investors at least annually
• Portfolio diversification. Investors can invest in multiple ventures through VCIF