The G43 Anatolian Venture Capital Fund (G43) is a joint initative between the EIF, the Istanbul Venture Capital Initiative (iVCi), Turkey’s first fund of funds programme advised by EIF, Turkish Ministry of Science, Industry and Technology and the SME Development Organisation of Turkey (KOSGEB). G43 will benefit SMEs in enhancing their access to finance.
The fund will be supported to a great extent by the European Union’s Instrument for Pre-Accession Assistance (IPA) and iVCi, jointly committing EUR 16 million to G43. This initiative is the second project launched by the EIF with the support from IPA funds, following the launch of GAGF, where additional resources were leveraged through the European Investment Bank (EIB) lending.
The fund is expected to be created in the second half of 2012 with a target size of EUR 30 million. It will invest in 8-12 companies in the 43 most disadvantaged regions of Turkey, where there is considerable growth potential. At least 50% of the fund size will be invested in the South-Eastern Anatolia Region.
