Posted by meb at February 9th, 2007

Two of Canada’s biggest pension funds joined forces to make private investments in Turkey as both look to deepen exposure to fast-growing emerging markets. The Canada Pension Plan Investment Board and a unit of the Ontario Teachers’ Pension Plan, said they have each invested 75 million euros  ($97 million) to set up a fund to hunt for buyout and equity investments in the European Union candidate country. The fund, to be called Actera Partners, will be the largest private equity fund in Turkey and expects to have raised 250 million euros by the middle of the year, they said. “Turkey is an attractive private equity market, with a large and growing population, a high number of quality mid-market businesses, and a developing economy which is expected to benefit from becoming increasingly harmonized with Europe,” said Jim Leech, senior vice-president of Teachers’ Private Capital.

source: Daily Times of Pakistan

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