Turkey's first alternative asset management company, Re-Pie Asset Management Company, has announced a strategic partnership with Azerbaijan's independent investment consulting company BlackGarden Advisory, Report informs via foreign media.
Under the new strategic partnership, the company aims to provide investors with access to regional investment, higher returns and the potential to achieve increasing portfolio diversification. Re-Pie also plans to establish a private investment fund for Azerbaijan within cooperation.
BlackGarden Advisory LLC was registered in January 2021. Its authorized capital is 100 manats, and its representative is Emin Karimov. Through its partner network, Blackgarden Advisory provides joint venture services to individual investors and companies in Azerbaijan, Turkey, Kazakhstan, Uzbekistan, Ukraine, the United Kingdom, and the United States to purchase, sell, or establish businesses.
Re-Pie Asset Management is Turkey's largest non-bank asset management company with a portfolio value of 2.4 billion Turkish liras ($173.44 million). The company invests in real estate, technology and innovation-oriented business models. In this context, Re-Pie Asset Management aims to invest in about 20 startups operating in areas with growth potentials, such as fintech, Internet of Things (IoT), education and construction technology.
($13.83 = 1 Turkish lira on December 13)