Tera Portfoy

What Tera Portfoy does

Tera Portfoy (Tera Portfoy Yonetim A.S.) is a Turkey-regulated portfolio management company licensed by the Capital Markets Board (SPK) and operating as part of Tera Group (Tera Grubu). Founded in 1990 and headquartered in Maslak, Istanbul, the firm manages over 250 billion TL in assets under management and ranks first among non-deposit bank portfolio management companies in Turkey. The company operates a diversified investment fund platform of 18+ named products across seven categories: free funds (including algorithmic, equity-heavy, foreign-currency, and participation structures), money market funds, debt instrument funds, equity funds, venture capital funds (gaming, technology, cybersecurity), real estate investment funds (including a project GYF), fund of funds, and sharia-compliant participation funds. It also offers bespoke private portfolio management for high-net-worth clients with a 10 million TL minimum.

The company's technology stack is a web-based investment platform supporting TEFAS electronic fund trading, fund performance tracking, prospectus and factsheet downloads, and account workflows. There is no disclosed proprietary algorithm, API, or developer portal. Revenue is generated primarily through management fees ranging from 0.5% to 2.5% of AUM depending on fund, with additional performance fees on selected funds, early exit commissions (up to 20% for certain funds within 24 months), and withholding tax pass-through. Distribution is multi-channel: TEFAS-listed funds reach investors through every Turkish bank and brokerage, non-TEFAS funds sell directly via Tera Yatirim account opening, and private portfolio services are delivered through a dedicated relationship management team.

The customer base spans qualified individual investors, high-net-worth individuals and family offices, institutional clients, real estate developers using project GYF financing structures, and technology and gaming startups receiving venture capital backing from the firm's specialized VC funds. The company has active co-investment partnerships with Turkish VC firms (APY Ventures, IstCapital, Birlesik Odeme, Colendi Ventures, Caucasus Ventures, Re-Pie) and Gulf-region capital channels via Capital Investment Ltd., positioning it at the intersection of traditional asset management and the emerging Turkish venture capital ecosystem.

Name

Tera Portfoy

Legal name

Tera Portföy Yönetimi A.Ş.

Website

https://www.teraportfoy.com/

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

11–50 employees

Short description

Tera Portfoy is a Turkey-regulated (SPK) portfolio management company under Tera Group managing 250+ billion TL in AUM across 18+ investment funds spanning money market, equity, real estate, venture capital, and sharia-compliant products for qualified retail, high-net-worth, and institutional clients.

Ownership category

akta.pro rank

Headquarters

HQ city

Sariyer

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Fund Management Fees: Tera Portfoy earns management fees (yönetim ücreti) charged as an annual percentage of fund assets under management. Fee rates vary by fund: TP2 at 1%, TLV at 1%, OGC at 2%, UKA at 0.5%, FSU at 2.5%, TN1 at 2%. Fees are deducted from fund assets, making revenue proportional to AUM.
2. Performance-based revenue: Free funds may charge performance fees (performans ücreti) in addition to management fees, based on returns exceeding a benchmark. Details vary by fund prospectus.
3. Early Exit and Transaction Fees: Some funds charge early exit commissions (e.g., TN1 charges 20% early exit commission for redemptions within 24 months) and withholding tax (stopaj) on gains.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Tera Portfoy is a Turkish SPK-regulated portfolio management company that creates and manages diversified investment funds — including free/algorithmic funds, money market, debt, equity, venture capital (gaming, technology, cybersecurity), real estate (including project GYF), participation-finance and fund-of-funds strategies — and provides bespoke private portfolio management for high-net-worth individuals and institutions. It distributes its funds to qualified investors primarily through the TEFAS electronic fund trading platform (accessible via any Turkish bank or brokerage) and via direct sales through Tera Yatırım.

Product overview

Tera Portfoy (Tera Portföy Yönetimi A.Ş.) is a portfolio management company regulated by Turkey's Capital Markets Board (SPK), operating as a diversified investment fund platform. The company offers 18+ named fund products across seven categories: (1) Serbest Fonlar (Free Funds) – including algorithmic strategies, equity-heavy, currency, and participation structures – under codes TLY, TMV, TMM, T3B, TRU, DOH, MLK; (2) Para Piyasası Fonları (Money Market Funds) under TP2; (3) Borçlanma Araçları Fonları (Debt Instrument Funds) under TRJ; (4) Hisse Senedi Fonları (Equity Funds) under TH; (5) Girişim Sermayesi Yatırım Fonları (Venture Capital Funds) covering gaming, technology, and cybersecurity under TU, TZ, LDS, BSI; (6) Gayrimenkul Yatırım Fonları (Real Estate Investment Funds) including a Project GYF (TN1) and participation finance-compliant variants under TUG, TGI, UKA, OGC; (7) Fon Sepeti Fonları (Fund of Funds) under FSU; and (8) Katılım Fonları (Participation Funds) under TLV. The company also offers bespoke Private Portfolio Management (Özel Portföy Yönetimi) for high-net-worth investors with a minimum of 10 million TL. Funds are distributed through TEFAS, Tera Yatırım, and other licensed intermediaries.

Differentiator

Problem solved

Functional benefit

Brands

• Game Invest: Venture capital investment fund focused on gaming sector investments, co-managed with Ludus Ventures
• Tech Invest
• Ludus Ventures
• BRKT

Products and services

• TLY – Tera Portföy Birinci Serbest Fon Free fund (serbest fon) using capital market products and an asset allocation strategy to target medium-term returns above monthly deposit rates; designed for qualified investors.
• TMV – Tera Portföy Algoritmik Stratejiler Serbest Fon Algorithmic strategies free fund using trade-system-supported strategies to manage equity and derivative market positions while balancing position risks with domestic and foreign financial products.
• TMM – Tera Portföy İkinci Serbest (Döviz) Fon Foreign-currency-denominated free fund investing in eurobonds and FX-indexed private sector debt instruments to target returns through exchange rate movements and currency exposure.
• T3B – Tera Portföy Üçüncü Serbest (TL) Fon (Hisse Senedi Yoğun Fon) Turkish-Lira free fund investing at least 80% of its portfolio in BIST-listed equities, targeting absolute returns above deposits in the medium term with no foreign exchange risk.
• TRU – Tera Portföy Katılım Serbest (Döviz) Fon Participation-finance-compliant foreign-currency free fund investing in sukuk and participation-indexed capital market instruments.
• DOH – Tera Portföy Dördüncü Hisse Senedi Serbest (TL) Fon Equity-focused Turkish-Lira free fund targeting capital appreciation through equity market investments.
• MLK – Tera Portföy Maslak Serbest Özel Fon Special free fund for institutional and HNW qualified investors with customized investment strategies.
• TP2 – Tera Portföy Para Piyasası (TL) Fon Low-risk, high-liquidity TL money market fund investing exclusively in Turkish Lira-denominated instruments with a maximum weighted average maturity of 45 days; TEFAS-listed, same-day execution (T+0) for orders before 13:30, 1% annual management fee, fund size of approximately 159.2 billion TL, 123,008 investors, +60.2% 1-year return.
• TLV – Tera Portföy Para Piyasası Katılım (TL) Fon Participation-finance-compliant TL money market fund investing exclusively in sukuk, participation accounts, and other interest-free instruments; max 45-day weighted average maturity, TEFAS-listed, 1% annual management fee, 9,434 investors, +22.2% YTD return as of 26 June 2026.
• TRJ – Tera Portföy Birinci Borçlanma Araçları (TL) Fon TL-denominated debt instrument fund investing primarily in Turkish Lira fixed-income securities to generate stable income.
• TH – Tera Portföy Hisse Senedi (TL) Fonu (Hisse Senedi Yoğun Fon) Equity-heavy fund investing primarily in Turkish-listed stocks to target long-term capital appreciation through equity market exposure.
• TU – Tera Portföy Game Invest Girişim Sermayesi Yatırım Fonu Gaming-sector venture capital fund co-founded with Ludus Ventures for mobile gaming pre-seed and seed investments — Turkey's largest gaming-focused VC fund at the time of launch.
• TZ – Tera Portföy Tech Invest Teknoloji Girişim Sermayesi Yatırım Fonu Technology-sector venture capital fund investing in technology startups; first portfolio investment was Fimple, a cloud-based banking-as-a-service provider.
• LDS – Tera Portföy Ludus Girişim Sermayesi Yatırım Fonu Gaming-sector venture capital fund for mobile gaming investments, co-built with Ludus Ventures; invested in Midas Games (USD 1M round) and Mage Games (USD 3.5M round) for PVP mobile gaming.
• BSI – Tera Portföy BRKT Siber Güvenlik Girişim Sermayesi Yatırım Fonu Cybersecurity-focused venture capital investment fund authorized by the Capital Markets Board (SPK) on 14.04.2026.
• TN1 – Tera Portföy Birinci Proje Gayrimenkul Yatırım Fonu Project real estate investment fund (Proje GYF) enabling investors to participate in the full real estate development cycle from land acquisition through project development to final sales proceeds; 100,000 TL minimum participation, open for purchase every business day, monthly independent valuation, 2% annual management fee, 20% early exit commission (0–24 months), 17.5% withholding tax (0–24 months), 0% after 2 years.
• TUG – Tera Portföy Birinci Gayrimenkul Yatırım Fonu Standard real estate investment fund investing in income-producing properties such as commercial, residential, land, offices, shopping malls and logistics centers.
• TGI – Tera Portföy İkinci Gayrimenkul Yatırım Fonu Real estate investment fund targeting trading profits and rental income across residential, commercial, offices, shopping malls, hotels, logistics centers and land.
• UKA – Tera Portföy Konut Alfa Katılım Gayrimenkul Yatırım Fonu Participation-finance-compliant real estate fund investing in residential, commercial, land, offices, shopping malls and logistics properties aligned with international participation-finance principles.
• OGC – Tera Portföy Çatı Katılım Gayrimenkul Yatırım Fonu Participation-finance-compliant real estate fund targeting capital appreciation, trading profits and rental income through high-yield commercial and residential real estate.
• FSU – Tera Portföy Fon Sepeti Fonu Fund-of-funds investing at least 80% of total value in units of other investment funds and ETFs, targeting medium-to-long-term high returns in TL by selecting from domestic and foreign funds; 2.5% annual management fee; 5,616 investors.
• Özel Portföy Yönetimi (Custom / Private Portfolio Management) Bespoke discretionary portfolio management service for individuals and institutional clients; minimum 10 million TL under management, minimum 1-year horizon, customized strategies based on investor risk tolerance and financial goals; services include bespoke fund structuring, GSYF and GYF design, and operational management.

Quantifiable outcome

• TP2 achieved +60.2% 1-year return, significantly outperforming its blended benchmark of +46.98%
• +4 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered flagship and minor.

• Ludus VenturesflagshipStrategic or Co-development Partner · 1 January 2023Tera Portfoy and Ludus Ventures co-established the largest gaming sector-focused venture capital fund in Turkey for mobile gaming pre-seed and seed investments. The fund (LD/Ludus Ventures GSYF) targets a base of 20 million USD and ceiling of 30 million USD, making it the biggest gaming-focused venture capital fund in Turkey. The partnership leverages Ludus Ventures' expertise in gaming investments and Tera Portfoy's regulatory and capital markets infrastructure.
• Ludus VenturesflagshipStrategic or Co-development Partner · 1 January 2023Through the Ludus Ventures GSYF, Tera Portfoy has invested in multiple gaming startups: Midas Games (1 million USD), Mage Games (3.5 million USD), and Gleam Games (1 million USD, co-invested with IstCapital). These investments target the growing Turkish mobile gaming market.
• Ankara Bilim UniversitesiminorStrategic or Co-development Partner · 1 January 2023Ankara Bilim Universitesi collaborated with Tera Portfoy as a co-organizer of the 5th Verimlilik ve Teknoloji Fuari (Productivity and Technology Fair) in February 2023, covering defense, IT, industry, energy, agriculture, communication, health, and transportation sectors.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• İş Portföy: Largest Turkish PMC by AUM, subsidiary of İşbank. Operates money market, equity, debt, participation, and real estate funds distributed through İşbank's branch network and TEFAS — direct competitor to Tera Portfoy's multi-category platform.
• Garanti Portföy: Garanti BBVA's PMC arm, managing broad fund categories with strong bank-channel distribution. Direct peer competing for the same qualified investors, with structural advantage of bank-branch distribution.
• Ak Portföy: Akbank's PMC subsidiary, one of Turkey's largest non-deposit bank PMCs. Comparable product breadth (money market, equity, bond, real estate funds) and overlapping investor base via TEFAS and Akbank's distribution network.
• Yapı Kredi Portföy: Yapı Kredi's PMC arm, offering a comparable multi-fund platform across money market, equity, fixed income, and participation strategies. Direct competitor in TEFAS distribution and Turkish qualified investor segment.
• QNB Portföy: QNB Finansbank's PMC subsidiary with diversified fund offerings. Competes directly in money market, equity, and participation fund categories, leveraging bank-channel distribution and TEFAS listings.
• KT Portföy: Independent Turkish PMC with a multi-category fund platform, frequently co-investing with Tera Portfoy in tech and fintech venture rounds (e.g., Fimple, Turan App). Direct peer in Turkish PMC market, especially in VC and tech funds.
• Re-Pie Portföy: Turkish PMC with strong presence in venture capital and technology-focused funds, co-invested alongside Tera Portfoy in the Turan App round. Competes for VC mandates and qualified investor capital in the same Turkish ecosystem.
• Neo Portföy: Turkish PMC operating diversified funds including venture capital (e.g., TÜRKAZ Yatırım Fonu, mentioned in Tera's Turan App co-investment). Direct peer in both traditional fund management and the Turkish VC-fund segment.
• Meksa Portföy: Independent Turkish PMC managing diversified fund categories across money market, equity, debt, and participation vehicles. Competes with Tera Portfoy for TEFAS distribution share and qualified investors in the non-bank-affiliated PMC segment.
• Deniz Portföy: Denizbank's PMC subsidiary offering money market, equity, bond, and participation funds via bank channels and TEFAS. Direct competitor in the Turkish PMC market, particularly in participation and sharia-compliant fund categories.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/TeraPortfoy
• Facebookfacebook.com/TeraPortfoy

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

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

M&A

Investments10 records

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

Frequently asked questions about Tera Portfoy