Turkish pension fund Oyak targets local and global IPOs

Turkey’s largest private pension fund Oyak is planning to launch initial public offerings (IPOs) in the local and international markets, CEO Murat Yalçıntaş said.

The company intends to expand its capital market portfolio by 50 percent by 2030, the state-run Anadolu news agency reported.

Oyak will start with companies that have sustainable cash flow, Yalçıntaş said, with at least one listing planned this year.

The fund also aims to increase its asset holdings by 70 percent by 2030, focusing on investments in infrastructure, energy, technology, logistics and mining.

The asset value is expected to reach $60 billion by 2030 from the current $35.4 billion, he added.

Oyak accounts for 1.7 percent of total taxes paid in Turkey and 2.3 percent of the nation’s total exports.

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The pension fund has more than 130 companies across 24 countries across six continents. 

“We aim to reach an export volume of $10 billion by 2030 and increase our total employment to 39,000 people by that date,” he said.

Oyak reported $8.6 billion in consolidated revenue, $509 million in operating profit and $1.3 billion in net profit as of June 2025, the Daily Sabah newspaper reported.