3TS Cisco Growth Fund is set to receive a significant boost via a co-investment deal between 3TS Capital Partners and Istanbul Venture Capital Initiative (iVCi). 3TS Capital partners, a CEE private equity firm, will join forces with iVCi to provide a €6 million investment aimed at helping the technology, media, and telecom sectors grow in Turkey.
Istanbul Venture Capital Initiative (www.ivci.com.tr)
iVCi was established in 2007 as Turkey’s first dedicated fund of funds and co-investment program, and is managed entirely by the European Investment Fund (EIF). The fund, with total commitments of €160 million, provides investments to small and mid-sized companies in Turkey.
iVCi’s list of investors includes the Development Bank of Turkey, the European Investment Fund, National Bank of Greece Group, Garanti Bank, the Small and Medium Industry Development Organisation of Turkey, and the Technology Development Foundation of Turkey.
3TS Capital Partners (www.3tscapital.com)
3TS Capital Partners is one of the leading private equity and venture capital firms in central and Eastern Europe, operating throughout the region with offices in Budapest, Bucharest, Prague, Vienna, and Warsaw.
3TS primarily targets growth capital investments in technology, media, and telecoms. The preferred total investment size is in the range of € 5.0 million to € 15.0 million. 3TS Capital is jointly sponsored by 3i, Sitra, EBRD, KfW, and Cisco.
