Arz Portfolio

What Arz Portfolio does

Arz Portföy (legal name: Arz Gayrimenkul ve Girişim Sermayesi Portfy Yönetimi A.Ş.) is a privately held Turkish portfolio management company founded in 2015 and headquartered in the Ataşehir district of Istanbul. Operating under a license from the Capital Markets Board of Turkey (SPK), the firm specializes in interest-free (Shariah-compliant / katılım esaslı) alternative investments, serving qualified investors, high-net-worth individuals, and institutional clients including pension funds. As of September 30, 2023, Arz Portföy reported a total portfolio size of 7.4 billion TL, comprising 3.8 billion TL in venture capital investments, 3.6 billion TL in commercial real estate investments, and a renewable energy portfolio exceeding 150 MW of installed capacity.

The company manages two primary product lines: Venture Capital Funds (GSYF), with 12 active vehicles targeting startups and growth-stage companies across sectors including fintech, logistics, cybersecurity, and energy; and Real Estate Investment Funds (GYF), with 6 active vehicles focused on commercial properties. Specialized vehicles include Startupfon Seed VCF (early-stage startups), Technoventure VCF (backed by TÜBİTAK's Tech-InvesTR 1514 program), Teknopark Istanbul VCF, and StartupCentrum Alpha VCF, alongside several sequentially numbered funds launched between 2016 and 2022.

Arz Portföy earns revenue through management fees on assets under management (subscription-recurring) and performance fees on successful fund exits and capital appreciation. Distribution is executed through direct, relationship-based sales to qualified investors in Turkey, with no public pricing disclosure. The firm maintains an operational ecosystem of service partnerships including Vakıfbank and Halk Bankası for custody, BMD for valuation, Kılınç for legal advisory, Risk Active for risk, Yeditepe for audit, Takas İstanbul for clearing and settlement, and Jellybon for software. Leadership includes Chairman İbrahim Eren and Vice Chairman & General Manager Murat Onuk, both bringing senior experience from global multinationals such as Microsoft and Türk Telekom. As a regulated asset manager, the firm is not positioned as a technology company; its primary AI exposure consists of a financial investment in Fasset's Series B in May 2026.

Name

Arz Portfolio

Legal name

Arz Gayrimenkul ve Girişim Sermayesi Portföy Yönetimi A.Ş.

Website

https://arzportfoy.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Arz Portföy is a Turkey-based, SPK-licensed portfolio management firm specializing in Shariah-compliant (interest-free) alternative investments. It manages 12 venture capital funds and 6 real estate investment funds, serving qualified investors, HNW individuals, and pension funds with 7.4 billion TL in AUM.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525), All Other Financial Investment Activities (52399)

SIC

Investment Advice (6282), Real Estate Investment Trusts (6798)

akta.pro industry

PRIMARYFSAAALAG

Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure)

Financial & Insurance/Asset & Wealth Management/Asset Management — ESG/Sustainable & Impact Investing

SECONDARYFSAAACAG

Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions)

Financial & Insurance/Asset & Wealth Management/Registered Investment Advisors (RIAs) & Independent Wealth Managers

SECONDARYFSAHAKAI

Emerging Managers / Seeding Platforms

Financial & Insurance/Hedge Funds & Alternative Investments/Alternative Investments — Fund of Funds & Multi-Manager Platforms

Keywords

• Venture capital funds
• Real estate funds
• Shariah-compliant investing
• Asset management
• Alternative investments

Headquarters

HQ city

Istanbul

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Asset Management Fees: Management fees charged on venture capital funds and real estate funds under management. The company currently manages 12 venture capital funds and 6 real estate funds.
2. Performance Fees: Performance-based fees from successful fund investments and capital appreciation gains.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Arz Portföy is a Turkish portfolio management company that creates and manages alternative investment funds for qualified investors. It currently manages 12 venture capital funds (including startup, seed, and tech-focused vehicles) and 6 real estate investment funds, all structured under Shariah-compliant (interest-free) principles. The firm also maintains a renewable energy investment portfolio exceeding 150 MW of installed capacity and invests directly in startups across fintech, technology services, and clean energy.

Product overview

Arz Portfolio operates as a diversified portfolio management company offering two main product lines: Venture Capital Funds (VCF) and Real Estate Investment Funds (REIF). The company manages 12 venture capital funds targeting startups and high-growth companies, including specialized funds like Startupfon Seed VCF for early-stage investments, Technoventure VCF supported by TUBITAK, Teknopark Istanbul VCF, and StartupCentrum Alpha VCF. Additionally, Arz Portfolio manages 6 real estate investment funds focused on commercial properties across Turkey. The firm also maintains a portfolio of startup investments across various sectors including fintech, technology services, and renewable energy. The total assets under management exceed 7.4 billion TL as of September 2023.

Differentiator

Problem solved

Functional benefit

Products and services

• Venture Capital Funds (VCF) A family of 12 Shariah-compliant venture capital funds managed by Arz Portföy that invest in Turkish startups and high-growth companies, offering qualified investors exposure to early-stage equity with long-term profit-generation potential. Includes general VCFs (First through Ninth) plus specialized vehicles: Startupfon Seed VCF (early-stage startups), Technoventure VCF (backed by TUBITAK's Tech-InvesTR 1514 program), Teknopark Istanbul VCF (tech-focused), and StartupCentrum Alpha VCF.
• Real Estate Investment Funds (REIF) A series of 6 Shariah-compliant real estate investment funds focused on commercial properties in Turkey, providing qualified investors with stable rental income and long-term capital appreciation. The funds target commercial real estate insulated from economic fluctuations, with the Sixth REIF established on October 3, 2022 as the latest vehicle in the lineup.
• Renewable Energy Portfolio A Shariah-compliant renewable energy investment portfolio with over 150 MW of total installed capacity, providing qualified investors with exposure to environmentally friendly green energy projects across Turkey.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Twelve partnerships are on record, tiered minor.

• VAKIFBANKminorOthersProvides custody services for Arz Portföy's funds, ensuring secure asset custody in line with international practices.
• PRMminorOthersCapital Markets Advisory partner providing professional advisory services.
• BMDminorOthersValuation services provider for fund assets.
• KILINÇminorOthersLaw and consultancy partner providing legal advisory services.
• RİSK ACTİVEminorOthersRisk advisory partner providing risk management services.
• YEDİTEPEminorOthersAuditing partner providing independent audit services.
• TAKAS İSTANBULminorOthersClearing and settlement services partner.
• HALK BANKASIminorOthersProvides individual custodian services for fund assets.
• EMLAK KATILIMminorOthersReal estate participation banking partner.
• REELminorOthersReal estate value assessment services provider.
• BİLGENERminorOthersTax advisory services provider.
• CENTRUMminorOthersConsultancy partner providing business advisory services.

Scale indicators7 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Ak Portföy Yönetimi: Asset management arm of Akbank, one of Turkey's largest private banks, running diversified fund products including alternative and participation-compatible vehicles. Bank-affiliated incumbent competing for many of the same qualified investor mandates.
• Yapı Kredi Portföy Yönetimi: Asset management subsidiary of Yapı Kredi bank offering conventional and participation-compatible funds. Comparable as a diversified Turkish portfolio manager with institutional client reach and broader product suite than Arz.
• Garanti Portföy Yönetimi: Asset management arm of Garanti BBVA, one of Turkey's largest banks, managing broad mutual fund and alternative investment products. Larger incumbent competitor across many of the same fund categories that Arz operates in.
• Türkiye İş Portföy Yönetimi: Asset management subsidiary of Türkiye İş Bankası, running a broad suite of mutual funds and alternative investment vehicles. Comparable as a large Turkish portfolio manager with both conventional and participation-bank-aligned fund offerings.
• HSBC Portföy Yönetimi: Turkish arm of HSBC's asset management business, serving HNW and institutional clients with diversified fund offerings. Overlaps with Arz in the qualified-investor and institutional segments despite a much broader global product set.

Direct peers

• Deniz Portföy Yönetimi: Turkey-based portfolio management firm offering diversified and alternative investment funds including VC/PE-style products. Comparable as a mid-sized Turkish asset manager competing in the same qualified-investor segment.
• İstanbul Portföy Yönetimi: Istanbul-based Turkish portfolio management firm running VC, PE and real estate funds, serving qualified and institutional investors. Closely matches Arz Portföy's VC-plus-REIF product mix and CMB-licensed operating model.
• QNB Finansinvest Portföy Yönetimi: Turkish asset management company offering conventional and Shariah-compliant funds, with similar institutional LP base and multi-asset fund range including equity, fixed income and alternative products. Directly comparable as a domestic Turkish portfolio manager of comparable vintage and scale.
• Kuveyt Türk Portföy: Asset management subsidiary of Kuveyt Türk, Turkey's leading participation bank. Directly comparable given its Shariah-compliant (interest-free) product focus, partnership with Emlak Katılım (Arz's banking partner), and institutional LP relationships in the Turkish Islamic finance ecosystem.

Emerging players

• Mubadala Capital: UAE-based alternative investment manager operating private equity, venture, and infrastructure strategies with growing exposure to Turkish and emerging-market deals. Comparable on the alternative-asset-management business model even though it is regionally larger and broader.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/arz-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

Investments33 records

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

Frequently asked questions about Arz Portfolio