Turunc has advised Lycian Capital Partners on the formation of its regulated private equity fund.
An independently-owned private equity firm, Lycian Capital has announced on July 6, 2021, that it secured approval from the Capital markets Board of Turkey to establish its inaugural private equity fund, targeting investment opportunities in the lower-mid market across Turkey.
It further announced it has a target size of USD 100 million and it aims to build a diversified portfolio consisting of growth capital and buy-out investments in 10-12 companies across sectors, ranging between USD 5-15 million per transaction.
Lycian Capital was founded by Gokhan Arikoc and Gokce Manav, joined by Partners Gokhan Kademlioglu and Pinar Ozbozdoganli.
The Turunc team included Partners Iltem Dokurlar and Kerem Turunc, and Associate Naz Esen.