It is a company specializing in capital markets that is established as a joint stock company, and its main activity is establishing and managing investment funds. This company is able to practice its commercial activity under a license from the Capital Markets Authority.
Oragon Portfolio Management is a portfolio management company that has been licensed by the Turkish Capital Markets Authority to establish real estate investment funds since 2018. In 2023, the ability to create and manage venture capital portfolios was added to its licensed business activities.
Oragon creates and manages real estate investment trusts and venture capital funds
It is an investment fund that provides qualified investors participating in it with an investment return based on the assets of real estate ownership in exchange for a participation share.
Real estate investment funds are assets managed by portfolio management companies in accordance with the rules set by the Capital Markets Authority.
A REIT can also be used to monetize large-scale real estate holdings and provide liquidity by allowing them to be traded into penny stocks. The fund's assets are separate from the assets of the portfolio management company, which is the founding and managing company of the fund. The Fund's assets and profits generated in the Fund belong to eligible investors who are shareholders in the Fund.
It is an investment fund in venture capital, or what is called venture capital, that provides qualified investors participating in it with an investment return according to ownership principles in exchange for a participation share.
These funds are assets managed by portfolio management companies in accordance with the rules set by the Capital Markets Authority. The fund is established over a specific period of time and carries out investment activities in the capital of investment projects. The fund's assets are separate from the assets of the portfolio management company, which is the founder and manager of the fund. The assets of the Fund and the profits realized in the Fund belong to its shareholders.
Professional management
The investments that will be included in the investment fund are selected by professional portfolio managers, based on detailed studies of the market, and the fund’s investment sources are selected from the best investments promising profits.
Economies of scale (saving costs through increased production)
The funds collected from individual investors are managed by a single entity under the roof of the fund, thus making it possible to make a promising investment of a large size that cannot be done individually, and also making it possible to benefit from the market power resulting from economic savings.
Ease of completing operations
In real estate investment funds, the portfolio management completes all the operations and transactions necessary to run the investment process, such as following up on sales, purchases, rentals, collections, defenses, and evicting tenants, following up on licensing and construction transactions, carrying out accounting operations, and following up on tax payment transactions. Thus, individual investors will not have to do this work and complete transactions individually.
In venture capital funds, investment resources can be provided at the individual or institutional level by investing in companies that have great potential for growth and value addition, that provide expectations of high returns through improved operational, production or sales performance, and are in a position to of achieving its operational objectives with the financial and/or institutional support that will be provided.
Risk distribution
The real estate market and the venture capital market are volatile markets, which creates a great possibility of facing risks in the process of individual investment in them. But investment funds provide more stable investment income through the risk distribution process.
Continuing investors who hold the status of “qualified investor” can participate in these funds, i.e. investors who meet the eligibility criteria specified in the laws and regulations issued by the Capital Markets Authority.
At least 80% of the total value of the fund must consist of real estate investments. The fund's real estate investments are selected according to the decisions made by the Investment Committee. These types of real estate are selected and included in the portfolio according to the principles specified in the Communiqué on Principles Regarding Real Estate Investment Funds.
At least 80% of the total value of the fund must consist of venture capital investments. The fund's venture capital investments are selected based on decisions made by the Investment Committee. These types of venture capital investments are selected and included in the portfolio according to the principles specified in the Communiqué on Principles Regarding Venture Capital Investment Funds.
At least 80% of the total value of the fund must consist of real estate investments. The Fund's real estate investments are selected in accordance with the decisions made by the Investment Committee. These types of real estate properties are selected and included in the portfolio in accordance with the principles set out in the Statement of Principles for Real Estate Investment Trusts
The investor in the fund is the owner of an investment stake in it. Owning this stake gives him the ability to purchase shares in the fund according to the notice period of the fund in accordance with the conditions specified in the issuance document.
The profit and loss position is determined according to the increase/decrease in the value of assets in the fund’s portfolio.
Is it possible to monitor the content of the investment portfolios of real estate investment funds and capital funds?
The Fund's financial report is published twice a year on the website (https://www.kap.org.tr/tr/ ).
What factors make REITs and venture capital?
Securities in the Fund's portfolio gain or lose value depending on the following factors:
Market Factor: The possibility that the Fund will incur a loss due to a decrease in the market value of assets in the portfolio and an increase in the market value of liabilities.
Exchange Rate Factor: The possibility that the Fund will incur a loss due to changes in the value of assets and liabilities denominated in foreign currencies as a result of changes in foreign currency exchange rates.
Liquidity Factor: The possibility that the Fund will incur a loss because the Fund does not have a sufficient level and quality of cash assets or cash inflows to meet its cash outflows in full and on time.
Financing factor: The possibility that the Fund will incur a loss due to its inability to access the required financing sources on time and to the necessary extent.
Intensification factor: the possibility that the Fund will be exposed to risks inherent in a particular asset or group of assets and incur losses as a result of investing heavily in a particular asset or group of assets.
Counterparty factor: The possibility that the Fund will incur losses due to the failure of the counterparty to fulfill its obligations.
The investor in the fund is the owner of an investment stake in it. Owning this stake gives him the ability to sell his shares in the fund according to the notice period of the fund in accordance with the conditions specified in the issuance document.
There are no entry and exit fees for the fund's investments.