A Turkish management duo has rolled out the country’s first sizeable private equity fund, Financial Times reports. Mediterra Capital Management has raised an initial €100 million for the fund.

Mediterra may invest in medium-sized deals worth up to €250 million. Murat Erkurt one of Mediterra’s two partners, launched the fund with Ahmet Faralyali, a former KKR executive. The fund received investments from public investors, such as the European Bank for Reconstruction and Development.

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