Venture Capital Investment Fund (GSYF)
Contents
Key Points
- The fund becomes a shareholder by injecting capital into or buying shares of investee companies and aims to realise value on exit through a sale or an IPO.
- A GSYF gives diversified, professionally managed access to early-stage and growth companies.
- it is a long-term, illiquid investment and money may be tied up for years.
How It Works
units are sold to qualified investors. CMB Principle Decision i-SPK.37.10 of 26 October 2026 (Bulletin 2026/74) removed the i-SPK.37.7 exception for GSYF investors and raised the professional-client-on-request thresholds to TRY 50 million in financial assets and TRY 25 million in transaction volume; GSYF buyers now face the qualified investor conditions updated for all investors, and investors who qualified under the old amounts but do not document the new requirements to their intermediary can only place sell orders. Because investee companies are not listed, valuations follow appraisal reports and the rules in the prospectus; the fund’s term and exit conditions are set in the prospectus.
Interpretation
A GSYF gives diversified, professionally managed access to early-stage and growth companies. Returns usually materialise towards the end of the fund’s life through successful exits.
Pitfalls
it is a long-term, illiquid investment and money may be tied up for years. Many investee companies may fall short of expectations. Valuations are model-based rather than market prices, so interim prices should be read with care.
Official Sources
Official regulation and sources the definition is based on.
Pages Where This Term Appears
Related Terms
Frequently Asked Questions
What is Venture capital investment fund (GSYF)?
A venture capital investment fund invests money raised from qualified investors mainly in unlisted companies with growth potential by taking equity stakes.
How does Venture capital investment fund (GSYF) work?
units are sold to qualified investors. CMB Principle Decision i-SPK.37.10 of 26 October 2026 (Bulletin 2026/74) removed the i-SPK.37.7 exception for GSYF investors and raised the professional-client-on-request thresholds to TRY 50 million in financial assets and TRY 25 million in transaction volume; GSYF buyers now face the qualified investor conditions updated for all investors, and investors who qualified under the old amounts but do not document the new requirements to their intermediary can only place sell orders. Because investee companies are not listed, valuations follow appraisal reports and the rules in the prospectus; the fund’s term and exit conditions are set in the prospectus.
Prepared by: Yatırımcı.AI Research TeamLast reviewed: Method: MethodologyEditorial policy