At least 80% of the net asset value of the fund will consist of investments in partnership shares of companies established to carry out renewable energy investments and services, lease certificates and convertible/exchangeable securities issued/to be issued by such companies in accordance with Islamic methods as well as other capital market instruments deemed appropriate by the Board.
İş Asset Renewable Energy Venture Capital Fund was established to invest in companies involved in power generation from renewable energy sources, primarily wind and solar and has already invested in a 32 MW wind power plant.
The Fund's investments are valued twice a year, on June 15 and December 15, by KPMG Yönetim Danışmanlığı A.Ş. The Fund's audit reports are prepared by one of the big four audit firms and published on our website.
Since the investment period of the fund is completed, no new fund units will be issued. However existing shares can be transferred to other qualified investors, upon the founder’s approval, along the duration the fund.
The duration of the Fund is 10 years, with the last 2 years being the liquidation period. At the end of this period, exit from investments can be realized through public offering, sale to existing shareholders or sale to third parties. Upon exit from investments, the fund units are redeemed and the price of the fund units is paid to the investors, including the profit generated in the fund during the investment period.
An annual portfolio management fee of 2,0% of the net asset value is paid from the fund portfolio.
