Overview
Franklin Templeton started investing in private equity deals in Turkey since the beginning of 2000s driven by the country’s robust growth, strong fundamentals and future potential. Today, Franklin Templeton is a leading Private Equity manager in Turkey.
Franklin Templeton Turkey is currently active through its Turkey focused PE fund, Templeton Turkey Fund I, managed by seasoned investment and operating professionals. Established in 2015, with commitments from global blue-chip investors, TTF I as of June 2025 manages 3 investments in Turkey.
Franklin Templeton Turkey’s strategy is to invest in fast growing mid cap companies in Turkey seeking capital and strategic partnership to maximize long term value through accelerated growth, regional expansion and operational improvements.
Franklin Templeton Turkey is part of Templeton Global Investments’ Emerging Markets team. The Emerging Markets team is a dedicated emerging markets team with more than 70 investment professionals based in 14 countries. Established in 1987, the EM team manages, USD 38 billion in both public and private market assets. In private markets, the EM team’s experience spans 30 years and manages capital comprised of single-deal vehicles and managed accounts, as well as local and global private funds. The private market strategies deployed by the EM team include private equity (growth capital and buyouts), private infrastructure, debt financing, and privatisation and reform of state-owned enterprises.
Portfolio

Online Retail
Hepsiburada
| Investment Summary | |
|---|---|
| Investment Date | 2015 |
| Sector | E-commerce |
| Status | Partially Exited |
| Website | www.hepsiburada.com |
Founded in 2000, Hepsiburada is a leading e-commerce platform in Turkey with a hybrid sales model combining 3P-based marketplace and 1P-based direct sales in a unified catalogue. The Company has been one of the early pioneers of digitalization of commerce in Turkey and has become the first Turkish firm to list on the Nasdaq stock exchange under ticker of HEPS.

Logistics
Netlog
| Investment Summary | |
|---|---|
| Investment Date | 2017 |
| Sector | Logistics |
| Status | Current holdings |
| Website | www.netlog.com.tr |
Established in 2003, Netlog is Turkey’s largest end-to-end integrated supply chain solutions provider, offering solutions in three divisions (integrated logistics including temperature-controlled logistics, operational leasing and procurement & supply chain solutions) and focused on several industry verticals such food & beverage, FMCG, pharma and fashion & lifestyle. The Company operates one of the largest fleet networks in Turkey and has an expansive infrastructure with over 120 sites in Turkey, Belgium, Netherlands, UK, USA, UAE, China and Singapore comprising an area of more than 2 million square meters.

Commercial Banking
Fibabanka
| Investment Summary | |
|---|---|
| Investment Date | 2016 |
| Sector | Banking |
| Status | Current holdings |
| Website | www.fibabanka.com.tr |
Fibabanka, acquired by Fiba Holding in 2010, is a Turkish medium-sized commercial bank with a nationwide network of 35+ branches with over 1,600 personnel. The Bank’s main customers are corporate clients and SMEs. The Bank is very active in alternative distribution channels and successfully utilizing digital opportunities. The Bank focuses on the transformation of the banking sector from branch-heavy structure to becoming digital solution provider.
Investment Team

Erman Kalkandelen
CEO of Turkey

Mustafa Aydemir
Managing Director

Ali Can Akyuz
Director

Deger Atay
Director

Atilla Korkut
Director

Damla Yıldız
Vice President

Kerem Kader
Vice President

Atahan Ucar
Associate
Please contact us for any questions or concerns.
Post:
Franklin Templeton Danışmanlık Hizmetleri A.Ş
Ferko Signature
Büyükdere Caddesi
No: 175 Levent
34398 İSTANBUL TURKEY
Tel: +902123193303
