SPK Approves Free Capital Increases and New Fund Licenses: A Pivotal Shift in Market Dynamics

The Capital Markets Board (SPK) has refocused investor attention by approving Turkey’s largest free capital increases and new fund licenses in its weekly bulletin.

Core of the Free Capital Increases

■Derlüks Yatırım Holding Inc.: TL 791.8 million

■Dinamik Isı Makina Insulation Materials Industry and Trade Inc.: TL 400.2 million

■Vişne Mining Production Industry and Trade Inc.: TL 64.3 million

These three companies aim to strengthen equity bases and reduce liquidity risk through free capital raises.

Debt Instruments and Lease Certificate Approvals

■Brisa Bridgestone Sabancı Tire Industry and Trade Inc. – TL 6 billion

■Garanti BBVA Operational Leasing Services Inc. – TL 30 billion

■Quick Financing Inc. – TL 1.07 billion

■Hepsi Financing Inc. – TL 400 million

■Arsan Finance Factoring Inc. – TL 450 million

■Strategy Holding Inc. – TL 200 million

■Korteks Textile Industry and Trade Inc. – TL 7 billion

■Ak Investment Securities Inc. – TL 13.9 billion

■Oyak Investment Securities Inc. – TL 40 billion

■Yapı Kredi Investment Securities Inc. – TL 22 billion

■BNP Paribas Issuance B.V – TL 900 million

■DK Asset Leasing Inc. – TL 25 billion

■Pasha Investment Bank Inc. Maygold Asset Financing Fund – TL 10 billion

These approvals will accelerate capital flows into corporate and real‑estate financing.

Authorized Launch of New Funds

■Arz Real Estate and Venture Capital Portfolio Management Inc. – 21st Venture Capital Investment Fund

■Metro Portfolio Management Inc. – Real Estate Umbrella Fund, Venture Capital Umbrella Fund

■Tuna Portfolio Management Inc. – Free Umbrella Fund

These vehicles open fresh channels for venture capital and real‑estate sector investments.

Murat Yıldız – SPK’s actions deepen market liquidity while bolstering investors’ risk appetite, especially for real‑estate and infrastructure‑linked projects. Free capital increases can improve companies’ equity ratios and credit ratings, potentially lowering long‑term borrowing costs. The newly authorized funds will invigorate the venture‑capital ecosystem, acting as a catalyst for financing innovative projects.