Franklin Templeton announces launch and first close of Templeton Turkey Fund II

Luxembourg, 17 March 2026 – Franklin Templeton¹, a leading global asset manager, today announced the first close of Templeton Turkey Fund II SCSp (TTF II), a closed-end private equity fund targeting small and mid-market companies in Türkiye, with commitments from a strong and diverse group of institutional investors.

The Fund is supported by leading institutions including EBRD and IFC whose partnership underscores continued confidence in Türkiye’s private equity opportunity and in Franklin Templeton’s long-standing local platform. The fund is targeting USD 300 million in commitments, with a view to deploy half a billion with its co-investors and is on track to exceed that amount ahead of a final close planned for next year. TTF II builds on more than two decades of private equity investing experience in Türkiye and will focus on delivering long-term capital growth through disciplined, value-driven investments.

The Fund will invest primarily in growth companies operating in Türkiye, targeting expansion capital, leveraged transactions and buyouts. Consistent with its investment strategy, the Fund will focus on sectors including value-added industrial businesses, fast-growing consumer and service companies, and late-stage technology businesses, supporting companies with strong fundamentals, high-quality management teams and scalable business models. The Fund’s strategy emphasizes operational improvement, governance enhancement, acceleration of local and international growth, and strategic repositioning, partnering closely with founders and management teams to unlock sustainable growth and long-term value creation.

Erman Kalkandelen, Managing Director, Global Private Equity, CEO Turkey said: “Through TTF II, our aim is to support Türkiye’s mid-market by backing companies poised to become national champions and regional leaders. We strongly believe in the dynamics and long-term prospects of the Turkish economy, which is supported by a large domestic market, value-added manufacturing strength and a rapidly evolving technology ecosystem. With this fund we are reaffirming our commitment to supporting the next generation of Turkish businesses and contributing to sustainable economic growth in the country. We will also focus on family-owned businesses, supporting their institutionalization and preparing them to for successful exits, especially through IPOs.”

Franklin Templeton Turkey is part of Templeton Global Investments’ Emerging Markets team. The Emerging Markets team is a dedicated emerging markets team with more than 100 investment professionals based in 17 countries. Established in 1987, the EM team manages USD 81 billion in both public and private market assets. In private markets, the EM team’s experience spans 30 years and manages capital comprised of single-deal vehicles and managed accounts, as well as local and global private funds. The private market strategies deployed by the EM team include private equity (growth capital and buyouts), private infrastructure, debt financing, and privatisation and reform of state-owned enterprises.

-ENDS-

Contacts:

Saira Khan Director, Public Relations, Europe and LatAm Franklin Templeton Investments Cannon Place, 78 Cannon Street London EC4N 6HL Tel: +44 20 7073 8644 Email: [email protected]

Sarah Aziz Director, Public Relations, CEEMEA Franklin Templeton The Gate, East wing, Level 2 Dubai Financial Centre Dubai UAE Tel: 0097156 1749957 Email: [email protected]

Notes to Editors:

This is a marketing communication. Please refer to the prospectus or information document of the AIF and, where available, to the KID before making any final investment decisions.

1. Franklin Templeton is a trusted investment partner, delivering tailored solutions that align with clients’ strategic goals. With deep portfolio management expertise across public and private markets, we combine investment excellence with cutting-edge technology. Since our founding in 1947, we have empowered clients through strategic partnership, forward-looking insights, and continuous innovation – providing the tools and resources to navigate change and capture opportunity.

With more than $1.7 trillion in assets under management as of January 31, 2026, Franklin Templeton operates globally in more than 35 countries.

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