ADQ, Turkey Wealth Fund launch $300 million venture capital fund

ADQ, Turkey Wealth Fund launch $300 million venture capital fund

WAM: ADQ, an Abu Dhabi-based investment and holding company, and Turkey Wealth Fund (TWF) launched Turkey Technology Fund – ADQ TWF, which will invest in venture capital funds and high-growth potential companies in Turkey.

Building on the UAE’s platform to support strategic investments in Turkey, the new fund was launched by Mohamed Hassan Al Suwaidi, Managing Director and Chief Executive Officer of ADQ, and Arda Ermut, Chief Executive Officer and Board Member of TWF.

ADQ and TWF established the fund to undertake investments in
high-growth, Turkish start-ups with innovative business models.