Turkey Wealth Fund

Turkey Wealth Fund
Native name
Türkiye Varlık Fonu
IndustrySovereign wealth fund
Founded26 August 2016 (2016-08-26)
Headquarters,
Key people
President Recep Tayyip Erdoğan (Chairman)
Salim Arda Ermut (CEO)
AUM US$ 360 billion (2024)
OwnerRepublic of Turkey
Number of employees
139 (2023)
Websitewww.tvf.com.tr

The Turkey Wealth Fund (TWF; Turkish: Türkiye Varlık Fonu, TVF) is the sovereign wealth fund of Turkey. It was established on 26 August 2016 under Law No. 6741, with the purpose of contributing to the development of strategic investments, supporting large-scale infrastructure, and strengthening capital markets

As of 2024, its assets under management were estimated at more than US $360 billion, placing the fund among the 10 largest sovereign wealth funds in the world, according to the Sovereign Wealth Fund Institute.

TWF's operations have been characterized as secretive and opaque.