Egeli & Co. Unveils Special Situations Fund

Dec 9 2010 | 9:15am ET

Istanbul-based investment management firm Egeli & Co. has recently launched a special situations hedge fund. 

The new vehicle, the Egeli & Co Special Situations Fund, will make investments in corporate restructurings, distressed debt, undervalued companies and public securities as well as other investments involving debt, equity and hybrids in Turkey and the surrounding region. Egeli & Co plans to soft close of the new fund at US$150 million.

Caledonian Fund Services (Europe) is serving as the administrator and PriceWaterhouseCoopers as the auditor. The fund, which is domiciled in the Cayman Islands, charges 2% for management and 20% for performance.

In addition to the new fund, Egeli & Co manages a long-only Turkish equity investment trust and a multi asset investment company—both of which are listed on the Istanbul Stock Exchange. The emerging markets-focused firm has also announced plans to launch Turkey’s first agriculture investment fund during first quarter of 2011.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

FATCA for Hedge Funds: Eight Common Pitfalls

Sep 1 2015 | 10:56am ET

FATCA is now a way of life for those in the financial industry and most professionals...

 

Editor's Note