QInvest, a Qatar-based private equity firm, has acquired Ergo Portfoy, an asset management firm in Turkey.
Portfoy is one of the leading asset management groups in Turkey with over 1.5 billion Turkish Liras in assets under management, providing pension and mutual fund and discretionary portfolio management services. Established in 2007 QInvest's has paid up capital of $750 million with shareholders including Qatar Islamic Bank, institutional investors, as well as high-net-worth individuals. The amount of the deal is not disclosed.
QInvest is listed in the Directory of Venture Capital and Private Equity in the Middle East with the code LIP08.
More details follows
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