Investment Process

How we work
In general, both funds and direct co-investments need to satisfy a strict set of investment criteria modelled on EIF’s investment process. We follow a stage gate process whereby we undertake different screenings of investment proposals until we feel comfortable with undertaking a fully fledged due diligence and bringing the proposal to the Investment Committee.

What we look for
There is not one right answer to what we look for in a fund investment proposal. However, we put a lot of emphasis on:

• The investment strategy: What is the fund size and how does it fit in the current competitive landscape? What sector and stage is the fund targeting and why?
• The quality of the team: Especially in first time funds we look for a well-balanced team composition, with team members complementing each other in terms of skills and experience, with a proven ability to work together and to succeed in subsequent funds.
• The track record: Previous investment successes and failures are carefully analysed in order to understand the investment capabilities of the team.
• The alignment of interests: It is important to us to identify all stakeholders in a fund to have their interests aligned. Thus, any proposed structure will be scrutinised and if necessary challenged.

In terms of direct co-investments, we look for a qualified and credible partner, with extensive experience in the specific deal and whose reputation is at stake when undertaking any single investment.

What we offer
iVCi brings together the first wave of Turkish institutional investors and an experienced international adviser that has an extensive investor and fund network throughout Europe. The iVCi structure also allows for networking within the Turkish venture capital and industrialist environment. In terms of tangible offering, iVCi can commit up to 20% of its total fund size to any particular investment.