Turquoise Partners (

Persian Persian may refer to: * People and things from Iran, historically called ''Persia'' in the English language ** Persians, the majority ethnic group in Iran, not to be conflated with the Iranic peoples ** Persian language, an Iranian language of the ...

: گروه مالی فیروزه‎) is a privately-owned international financial services group based in Iran which was established in 2005. Turquoise provides a wide range of financial services to foreign and domestic clients. The company is considered a pioneer in terms of managing foreign assets on the

Tehran Stock Exchange The Tehran Stock Exchange (TSE) ( fa, بورس اوراق بهادار تهران, romanized: ''Burs-e Owraq-e Bahadar-e Tehran'') is Iran's largest stock exchange, which first opened in 1967. The TSE is based in Tehran. , 339 companies with a com ...

. Turquoise is the largest manager of foreign portfolio investment on Iran's capital markets.

Background

Turquoise Partners is a leading privately-owned financial services group that is focused on Iran. It offers asset management, brokerage, and investment banking services for domestic and foreign clients. It is also active in private equity and venture capital. Turquoise produces a monthly English-language newsletter called Iran Investment Monthly, which has a large online audience. Turquoise Partners was founded in 2005 and has over 250 employees.

International Funds

Iran Equity Fund and Iran Fixed Income Fund: Turquoise's Iran equity fund was launched in 2006 and is the largest international equity fund on the Iranian capital markets with the longest track record for foreign investors. Turquoise also launched an international fixed income fund focused on listed Iranian debt instruments.

International Corporate Finance and Capital Market Services

Turquoise's investment banking division offers strategic advisory services to foreign and domestic clients, including market entry strategy, mergers and acquisitions, joint ventures, and corporate valuations. It also offers capital market advisory services, including debt capital markets, equity capital markets, private placements, fund structuring, and real estate advisory. After the JCPOA nuclear agreement, Turquoise was advising European and Asian corporates who were looking to enter the Iran market. In recent years, Turquoise has advised flagship Iranian startups in their fundraising and M&A activities.

Firouzeh Asia Brokerage

Turquoise is a majority shareholder of a fully licensed Iranian brokerage firm, Firouzeh Asia. This joint venture between Turquoise and Iran's largest private sector insurance company, Asia Insurance. Firouzeh Asia offers online and offline trading platforms to its local and foreign clients. It also produces reports and analyses on the Iranian capital markets, sectors, and listed companies in English and Persian.

Tose’ Firouzeh Asset Management

Turquoise has a local regulated asset management company, Tose’ Firouzeh Asset Management. Through this firm, Turquoise manages tailored managed accounts for its local and international clients. This firm also manages many of the Turquoise's local funds, such as: * Firouzeh Movafaghiat Equity Fund * Turquoise TSE30 Index ETF – Ticker: Firouzeh * Firouzeh Fixed Income ETF – Ticker: Firouza

Venture Capital Investments

Turquoise has seeded several venture capital investments within Iran and is known as one of the leaders in the Iranian technology ecosystem. In 2020, Turquoise launched a regulated Venture Capital Investment ETF listed on the Iran Farabourse market.

Private Equity Investments

Turquoise has carried out proprietary investments and also investments for clients in non-listed Iranian opportunities in sectors including consumer staples, financial institutions, technology, resources, healthcare, property, and industrials, among others. In late 2020, Turquoise launched a regulated Private Equity Investment ETF, listed on the Iran Farabourse market.

Ctrl+Tech Startup Studio

Ctrl+Tech is a Tehran-based startup studio managed by Turquoise Partners, which brings proven global concepts and implements them within Iran. Ctrl+Tech has seven live startups as of the beginning of 2019 and has the goal of launch three new ideas each year.

Partnerships

In 2015, Charlemagne Capital in

London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...

(U.K.) and Turquoise Partners announced their partnership. Charlemagne has $2.5 billion assets under management. Together, they have set up funds in different sectors such as

oil and gas A fossil fuel is a hydrocarbon-containing material formed naturally in the Earth's crust from the remains of dead plants and animals that is extracted and combustion, burned as a fuel. The main fossil fuels are coal, petroleum, oil, and natura ...

banks A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Becaus ...

and

retail Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and ...

in Iran worth $50 million. In 2016, Turquoise announced that it will partner with Swiss bank

REYL & Cie The REYL Group, styled REYL Intesa Sanpaolo, is a financial services company founded in Geneva in 1973 by Dominique REYL. REYL provides financial advisory and investment services to private and institutional clients. REYL specialises in wealth m ...

Dubai Dubai (, ; ar, دبي, translit=Dubayy, , ) is the most populous city in the United Arab Emirates (UAE) and the capital of the Emirate of Dubai, the most populated of the 7 emirates of the United Arab Emirates.The Government and Politics of ...

in a $200 million

Venture Capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to start-up company, startups, early-stage, and emerging companies that have been deemed to have high growth poten ...

fund focused primarily on

consumer goods A final good or consumer good is a final product ready for sale that is used by the consumer to satisfy current wants or needs, unlike a intermediate good, which is used to produce other goods. A microwave oven or a bicycle is a final good, b ...

References

External links

Turquoise Partners
{{DEFAULTSORT:Turquoise Partners Investment companies of Iran Financial services companies established in 2005