Ak Portfoy

What Ak Portfoy does

Ak Portfoy is a Turkish asset management company founded in 2000 and operating as a wholly-owned subsidiary of Akbank, one of Turkey's largest private banks. Headquartered in Istanbul (Beşiktaş), the firm manages 1,514.2 billion TL in assets under management as of May 2026, equivalent to roughly a 9.5% share of the Turkish asset management market. It serves a broad investor base ranging from retail and mass-affluent clients distributed through Akbank's branch network to qualified and institutional investors accessing the firm via dedicated funds such as venture capital and private equity vehicles (GSYF/GYF).

The firm's product platform spans more than 50 funds across money market, fixed income, equity, balanced, and thematic mandates, supplemented by bespoke services including Digital Portfolio Management (Dijital Portföy Yönetimi) and proprietary index products such as the AKSTS Sabancı Index launched in partnership with Borsa Istanbul. Its asset base is heavily deployed through Turkey's TEFAS (Türkiye Elektronik Fon Alım Satım Platformu) fund distribution platform and Akbank's proprietary channels, and it maintains dedicated vehicles (e.g., the YZT AI Fund) for thematic and technology-focused exposure.

Ak Portfoy's revenue model is the standard asset management economics stack: recurring management fees scaled to AUM, performance fees on selected mandates, and subscription/redemption fees. With an AUM base of 1,514.2 billion TL (~$35-45 billion USD at prevailing 2026 exchange rates) and blended fee rates broadly in the 0.8-1.2% range typical for diversified Turkish mutual funds, implied gross fee revenue falls in the high hundreds of millions of dollars annually. Growth is driven by net new flows into existing funds, market appreciation, expansion of qualified-investor vehicles, and product launches.

Name

Ak Portfoy

Legal name

Ak Portföy Yönetimi A.Ş.

Website

https://akportfoy.com.tr

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

101–250 employees

Short description

Ak Portfoy is a Turkish asset management subsidiary of Akbank managing 1,514.2 billion TL (~$35-45B) across more than 50 mutual and qualified-investor funds, holding roughly 9.5% of the Turkish asset management market and serving retail, mass-affluent, and institutional clients.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910), Pension Funds (52511), All Other Financial Investment Activities (52399)

SIC

Investment Advice (6282)

akta.pro primary industry

Money Market Funds (FSAAAEAC)

Keywords

• Asset management services
• Investment fund management
• Pension fund management
• Venture capital funds
• Digital portfolio management

Headquarters

HQ city

Besiktas

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Management Fees on Investment Funds: Ak Portföy generates revenue by charging management fees on its investment funds. These are calculated daily as a percentage of total portfolio value and collected monthly. Fee rates vary by fund type (e.g., equity funds ~2% as seen for SAS fund).
2. Performance Fees on Digital Portfolio Management: The Dijital Portföy Yönetimi product charges a 15% performance fee on returns exceeding the benchmark (eşik değer). Fees are deducted when the account is closed.
3. Management & Carried Interest on GSYF: Venture capital and growth equity funds (Girişim Sermayesi Yatırım Fonları) generate management fees plus carried interest (performans ücreti) on successful exits.
4. Private Portfolio Management Fees: Institutional and individual portfolio management services charge management fees, transaction commissions, and performance fees based on benchmark outperformance.
5. Private Fund (Serbest Fon) Management: Closed-end special investment funds (Özel Serbest Yatırım Fonları) generate fund management fees and other operational expenses deducted from the fund's assets.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Ak Portfoy is a Turkey-based asset management company and a subsidiary of Akbank that manages investment funds, pension funds, exchange-traded funds (ETFs), venture capital funds, real estate investment funds, and special private funds. It also offers a digital portfolio management product (Dijital Portfoy Yonetimi) via the Akbank Mobil app and discretionary private portfolio management services for institutional and qualified individual investors. The company holds 9.5% market share of Turkey's asset management industry with total AUM of approximately 1,514.2 billion TL as of May 2026.

Product overview

Ak Portföy is a full-service asset management company offering a comprehensive platform of investment products and services. The core offering consists of over 50 investment funds across 12+ categories (investment funds, pension funds, ETFs, venture capital, real estate, and special funds), a digital portfolio management platform accessible via Akbank Mobile, private portfolio management services, and special fund structures for qualified investors. Key product families include: Investment Funds (Para Piyasası, Katılım, Yatırımın Geleceği with AI technology fund YZT, Değerli Maden/Emtia, Borçlanma Araçları, Akıllı Fon Sepeti, Türk Hisse Senedi, Bölgesel Yabancı Hisse Senedi, Döviz Serbest), Pension Funds (managed for AgeSA, Axa, Allianz), Digital Portfolio Management (Mevduat Plus TL/USD with Balanced/Dynamic/Aggressive strategies + Tematik themes), Venture Capital Funds (19 portfolio companies across technology, health, energy, food, industry, services sectors), Real Estate Investment Funds (commercial properties), and Private Portfolio Management (914.9 billion TL AUM). All products are distributed through Akbank channels and the TEFAS platform across Turkish banks.

Differentiator

Problem solved

Functional benefit

Products and services

• Yatirim Fonlari (Investment Funds) A primary investment fund platform offering over 50 distinct funds across multiple asset classes and themes, including money market, fixed income, equities, precious metals, multi-asset, and sector-specific funds, distributed through all Turkish banks via the TEFAS platform.
• Emeklilik Fonlari (Pension Funds) Pension investment funds managed for individual pension system (BES) participants, covering pension, participation/Islamic finance, gold, debt instruments, life-cycle, Turkish stocks, variable, basket, foreign securities, standard, OKS, and contribution fund categories from AgeSA, Axa, and Allianz partners.
• Dijital Portfoy Yonetimi (Digital Portfolio Management) Turkey's first digital portfolio management product, accessible via Akbank Mobile app, offering algorithm-assisted discretionary management with Mevduat Plus (TL and USD variants in Balanced, Dynamic, and Aggressive strategies) and Tematik management (Favori Hisseler, Trend Firsatlari) themes, with minimum opening amounts of 100,000 TL or 3,000 USD.
• Borsa Yatirim Fonlari (Exchange Traded Funds - ETFs) Borsa Istanbul-listed ETFs tracking various indices including BIST 30, BIST Likit Banka, BIST Banka Disi Likit 10, BIST 100 Model Portfolio, and Gold Participation indices (BOE, BLH, BND, MDL, LTK).
• Girisim Sermayesi Yatirim Fonlari (Venture Capital Investment Funds) Growth capital and early-stage technology venture capital funds including AGN, BYG (Renewable Energy), AK4, AK5 (Akbank Venture Builder), BEC, JST, DDN, ICI, IJG, IUG, SHG, and TAV, managing approximately 150 million USD in assets across 19 portfolio companies.
• Gayrimenkul Yatirim Fonlari (Real Estate Investment Funds) Real estate investment funds investing primarily in commercial properties including office spaces, with funds BGY, IDG, and IKG investing in properties like Astoria, Buyaka, AND Kozyatagi, and Palladium business centers.
• Ozel Portfoy Yonetimi (Private Portfolio Management) Discretionary portfolio management service for institutional and individual investors, offering customized investment strategies with international risk management standards and management, performance, and transaction-based fees.
• Ozel Fonlar (Special Funds) Private free investment funds (Serbest Yatirim Fonu) offering customized fund structures for qualified investors with flexible investment strategy, investor confidentiality, operational efficiency, and tax efficiency, including multiple named funds such as PUV, PUD, PAP, HVV, AZZ, AVZ, CVD, BVB, BVC, CJF, and others.
• Esnek Birikim (Flexible Savings) Flexible savings account enabling regular fund investing through Akbank, with option to use credit card or bank account as payment method, allowing savings for oneself or others (children, grandchildren) with no separate investment account required.
• SAS - Sabanci Toplulugu Sirketleri Endeksi Hisse Senedi (TL) Fonu Thematic fund tracking the Ak Portfoy Sabanci Toplulugu Sirketleri Getiri Endeksi (AKSTS), investing in Sabanci Group companies listed on Borsa Istanbul across energy, finance, retail, and technology. Fund size of 1.35 billion TL with 0% withholding tax benefit and 2% management fee.

Quantifiable outcome

• Total AUM: 1,514.2 billion TL (26.05.2026)
• +5 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• AkbankcoreStrategic or Co-development PartnerAkbank is the parent company and sole shareholder of Ak Portföy. Akbank provides the primary distribution infrastructure — Akbank Mobil app, Akbank internet banking, and Akbank branch network — for all Ak Portföy products. Ak Portföy's entire fund range is distributed through Akbank channels, making Akbank both a strategic partner and the primary customer acquisition channel.
• Borsa İstanbul (BİST)coreTechnology or IntegrationAk Portföy collaborated with Borsa İstanbul to develop and launch the Ak Portföy Sabancı Topluluğu Şirketleri Getiri Endeksi (AKSTS), which Borsa İstanbul now calculates and publishes. The SAS fund tracks this proprietary index. This partnership gives Ak Portföy a differentiated index product not available to competitors.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• İş Portföy: Asset management subsidiary of İşbank, Turkey's largest private bank. Directly comparable to Ak Portföy as a bank-owned full-service asset manager distributing through İşbank's channels and TEFAS, with overlapping product mix across mutual funds, pension funds, and private portfolio management.
• Yapı Kredi Portföy: Asset management arm of Yapı Kredi Bank (Koç Group). Closely comparable business model — bank-owned asset manager leveraging parent bank's retail distribution plus TEFAS — with mutual funds, pension funds, and discretionary portfolio management offerings.
• Garanti Portföy: Garanti BBVA's asset management subsidiary. Directly comparable as a bank-affiliated Turkish asset manager offering mutual funds, ETFs, pension funds, and private portfolio management distributed via Garanti's mobile and branch channels plus TEFAS.
• QNB Finans Portföy: Asset management arm of QNB Finansbank. Comparable bank-owned Turkish asset manager distributing mutual funds, pension funds, and venture capital/private funds through its parent bank's channels and TEFAS.
• HSBC Portföy: HSBC Turkey's asset management arm. Comparable as a foreign-bank-affiliated Turkish asset manager with mutual funds, pension funds, and discretionary portfolio management, leveraging HSBC's institutional client base.
• Deniz Portföy: Asset management subsidiary of DenizBank (Emirates NBD group). Bank-owned peer offering mutual funds, pension funds, and discretionary portfolio management across Turkish retail and qualified-investor segments.
• TEB Portföy: Asset management arm of TEB (BNP Paribas Cardif group). Comparable bank-affiliated Turkish asset manager distributing mutual funds, pension funds, and private funds via TEB's channels and TEFAS.
• Bizim Portföy: Independent Turkish asset manager (not bank-owned). Comparable product mix across mutual funds, pension funds, ETFs, and venture capital funds, but lacks the captive parent-bank distribution moat — useful counterpoint for benchmarking Ak Portföy's distribution-driven advantage.
• Gedik Portföy: Independent Turkish asset manager affiliated with Gedik Investment. Comparable in offering mutual funds and discretionary portfolio management; competitive overlap in the broker-distributed fund segment distinct from bank channels.

Broad incumbents

• BlackRock: Global asset manager with products accessible in Turkey via iShares ETFs and institutional mandates. Sets the upper bound on scale and product sophistication; competes indirectly through global ETFs and benchmark strategies that Turkish investors access via TEFAS or offshore channels.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/Ak_Portfoy

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments18 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ak Portfoy