GSYF Investment: Becoming a Partner to More Than Just Companies

Venture Capital Investment Funds (GSYFs) have been discussed more frequently in recent years. However, as interest grows, there is a common question investors often ask:

“What am I actually becoming a part of when I invest in a GSYF?”

The answers to this question usually revolve around fund size, targeted returns, or sector preferences. Yet to truly understand GSYF investments, it is necessary to evaluate them from a more fundamental perspective.

GSYFs are not “buy and hold” products in the traditional sense. Investors are not only partnering in a portfolio of specific companies, but also in a perspective that reflects how those companies are approached.

This perspective extends from which stage companies are preferred, to how growth is supported, and how decisions are made during challenging periods. Therefore, when investing in a GSYF, the question “Which companies are being invested in?” is just as important as “How are these investments managed?”

Although GSYF investments may appear complex, there are core elements that simplify the process for investors. At the forefront is having a clearly articulated investment approach. The types of companies invested in, expectations from these investments, and the time horizon should all be expressed transparently.

Equally important is the fund’s management style. Are investments only monitored at the initial stage, or are they actively managed throughout the entire process? This distinction directly affects the investor’s long-term experience.

Another critical element is communication. When investors feel they can follow the fund’s progress and understand the process, the investment relationship becomes much healthier.

GSYF investments should not be evaluated with short-term expectations, but rather with an understanding that develops over time. For this reason, the healthiest approach for investors is to begin the journey with a clear understanding of what to expect—and what not to expect.

When approached with the right expectations, GSYFs offer a form of partnership that provides investors with a different perspective and becomes more comprehensible over time.

Therefore, the key question in GSYF investments is not “Which fund is more ambitious?” but rather “Which fund do I truly understand?”

For those who would like to explore more closely how the approach discussed in this article is implemented in GSYF investments and how it is applied within our funds, we share details of the relevant funds below.

A Diversified Basket with Different Strategies

BV Portföy offers flexible and professional fund structures designed to meet the needs of institutions and investor profiles of varying scales. Each fund is structured to align with investors’ financial goals while also enabling them to efficiently fulfill their R&D incentive obligations.

You can review the main GSYF options structured in compliance with R&D obligations within BV Portföy via this link.

BV Portföy Sinerji Venture Capital Investment Fund (BSG)

With no minimum investment threshold, the Sinerji GSYF offers a flexible investment alternative, particularly for companies seeking to fulfill R&D incentive obligations. Through secondary investments, co-investment models, and dividend distributions, the fund aims to provide investors with regular cash flow and high return potential.

BV Portföy Joygame Pre-IPO Venture Capital Investment Fund (JOY)

Established with Boğaziçi Ventures’ expertise in the gaming sector, the Joygame GSYF operates with the goal of becoming Turkey’s first publicly listed game publisher. By supporting Joygame’s growth, the fund aims to offer investors high return opportunities following the IPO.

BV Portföy LT Pre-IPO Venture Capital Investment Fund (BVS)

The LT Pre-IPO GSYF focuses on Liquidity Trading, a company developing high-frequency and algorithmic trading (HFT & quant trading) technologies. By supporting the company’s international expansion, the fund offers investors a relatively balanced risk-profile investment approach.

BV Growth II Venture Capital Investment Fund (Artificial Intelligence Fund)

BV Growth II elevates Boğaziçi Ventures’ technology vision by investing in early-stage, AI-focused startups. With a target fund size of USD 50 million, the fund aims to create global technology leaders and unicorns by backing strong teams.

The most effective way to manage your investments with confidence, diversify your portfolio, and minimize risks is made possible through the expertise of BV Portföy.