BV Portföy Reaches Over 1.4 Billion TL by Launching 8 Funds in Its First Year!

BV Portföy achieved remarkable growth and success within just one year of launching its first fund. Driven by strong investor interest and the addition of 7 new funds in 2023, BV Portföy closed the year with over 1.4 billion TL in assets under management and a growing community of more than 1,400 investors.

Offering strategically designed investment solutions that balance risk and return, BV Portföy delivers a diverse set of fund options composed of shares from innovative, trendsetting technology companies in Turkey and around the world. As a subsidiary of Boğaziçi Ventures, BV Portföy focuses on disruptive innovation instead of traditional asset management models, channeling years of experience and expertise into forward-looking technology investments.

Founded as a 100% subsidiary of Boğaziçi Ventures, Turkey’s leading venture capital firm supporting globally scalable tech startups, BV Portföy Yönetimi A.Ş. received its portfolio management license in July 2022. It launched its first fund in January 2023, targeting venture capital and publicly listed technology equities. The BV Portföy Gaming and Technology Variable Fund (BTE) reached 156 million TL in size by year-end and delivered an impressive 70% returnin 2023.

Launched in November, the Artificial Intelligence (AI) Thematic Technology Variable Fund (BVV) closed the year with 82 million TL in assets, providing investors with a 14% return in just two months.

Among its early-stage venture capital funds, the Boğaziçi Ventures Venture Capital Fund (BVG) invested 150 million TL across 10 new startups and continued support for 8 existing portfolio companies in 2023. While the fund primarily targets the gaming and gaming tech sectors, it also expanded into fintech, retail tech, SaaS, digital health, HR, and edtech. Focusing on scalable ventures with international growth potential, BVG invested in disruptive innovation projects poised to drive structural transformation. The number of BVG-backed startups reached 31, while the fund’s total value grew 6.5 times to 1.08 billion TL, delivering a stellar 113.6% return to its investors in 2023.

Another noteworthy fund is the Sinerji Venture Capital Investment Fund (BSG), which focuses on co-investment strategies. In 2023, the fund reached 25 million TL in size. In 2024, its primary objective will shift toward secondary investments, offering liquidity opportunities to founders and angel investors by purchasing partial stakes.

BV Portföy also provides pre-IPO investment opportunities. In February 2024, the Joygame Pre-IPO VCIF and Liquidity Trading Pre-IPO VCIF will offer investors a chance to invest in Joygame, one of Turkey’s leading gaming firms, and Liquidity Trading, a domestic leader in high-frequency and quantitative trading technologies.

Emphasizing its tech-driven approach through Quant Funds, BV Portföy partnered with Liquidity Trading (LT), a pioneer in this domain, to launch the Statistical Arbitrage Free (TRY) Fund (BVZ)—also known as BV Quant. Introduced in May, BV Quant closed the year with 53 million TL in assets, increasing fund value by 34.4%. During the same period, the benchmark (Deposit Yield Index * 1.1) delivered 24.1%, meaning the fund achieved an excess return of 10.3%.

In November 2023, BV Portföy also launched its Second Free Fund (BVI), which allocates at least 51% of its portfolio to Turkish equities with the goal of outperforming the BIST-50 index. The fund reached 21 million TL by year-end.

Throughout 2023, BV Portföy showcased its investment expertise and the value of targeting the right themes by launching two successful thematic funds. In 2024, it will continue making a difference in the sector by issuing two new thematic funds, along with venture capital and pre-IPO-focused funds. These initiatives will offer investors exposure to diversified portfolios across various sectors and themes.

Looking ahead, BV Portföy aims to seize structural changes driven by satellite connectivity advancements in next-generation mobile and IoT technologies through a space technology-focused fund. In addition, the company is preparing to launch Turkey’s first Sports Industry Fund, targeting the fast-growing global sports ecosystem.

About BV Portföy:
BV Portföy Yönetimi A.Ş. (“BV Portföy”) establishes and manages venture capital investment funds targeting technology companies across various stages—from early-stage to pre-IPO—as well as thematic funds composed of tech-focused equities. With its technology-driven investment philosophy, BV Portföy stands out in the capital markets. It also offers services in establishing and managing investment funds regulated by the Capital Markets Board (CMB) for both individual and institutional investors. BV Portföy is a subsidiary of Boğaziçi Ventures.

About Boğaziçi Ventures:
Boğaziçi Ventures is a leading alternative investment firm focused on launching and managing funds that invest in technology companies across multiple verticals and geographies, while generating high value for its portfolio companies. With over 100 technology investments to date, its partners and team play an active role in startups—mentoring entrepreneurs and transferring know-how to guide them toward global success. The group also offers tailor-made funds and digital asset custody services to meet diverse investor needs.
More info: www.bogaziciventures.com