Turkish PE Firm Spins Out €200M Youth-Oriented Fund

Law360, New York (February 22, 2012, 8:09 PM EST) -- Six members of Turkish investment group Rhea Asset Management's private equity team have left the company to launch a new, independent firm that will raise up to €200 million ($265 million) to harness the purchasing power of Turkey's burgeoning youth population.

The amicably spun-out TRPE Capital puts former Rhea private equity head Memet Yazici, partner Tankut Ikizler, operating partner Refiye Yazici and others in charge of the Turkish Innovation and Growth Fund, the country's first private equity fund with a clear, articulated strategy and sector focus,...
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