Tuesday, 5 May 2015
Last updated 2 hours ago
Feb 26 2007 | 11:01am ET
Teachers' Private Capital, the private investment arm of the C$100 billion (US$86 billion) Ontario Teachers' Pension Plan, and the Canada Pension Plan Investment Board this month launched Actera Partners, a private equity fund focused on investment opportunities in Turkey. The two institutions have each committed €75 million (US$98 million) to the vehicle.
Actera Partners’ focuses primarily on buyout and growth equity investments across a broad range of industries in Turkey. In addition, the fund hopes to partner with Turkish companies in order to assist in their expansion efforts outside of the country. It expects to raise €250 million ($329 million) by mid-2007, according to TPC.
The decision to report the assets in Euros is largely because much of the remaining funds will be raised in Europe, explained Deborah Allen, the plan’s spokesperson.
Isak Antika, the founder of Istanbul-based investment banking boutique Antika Partners, and Murat Cavusoglu, a former investment banker with Goldman Sachs, are the fund’s portfolio managers.
Jim Leech, senior vice president of TPC, said, “Turkey is an attractive private equity market, with a large and growing population, a high number of quality mid-market businesses, and a developing economy which is expected to benefit from becoming increasingly harmonized with Europe.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…