\u00d6zel Kredi Fonlar\u0131\u2019n\u0131n, \u00f6zellikle y\u00fcksek T\u00fcrk Liras\u0131 faizi, d\u00fc\u015f\u00fck d\u00f6viz art\u0131\u015f\u0131 ve kredi b\u00fcy\u00fcmesinin reg\u00fclasyonla yava\u015f olmas\u0131ndan \u00f6t\u00fcr\u00fc, kurumsal finansmanda alternatif bir kanal haline geldi\u011fini ifade eden Servo Capital Y\u00f6netim Kurulu Ba\u015fkan\u0131 Kaan Kiziro\u011flu, global piyasalarda aktif olarak faaliyet g\u00f6steren bir\u00e7ok \u00d6zel Kredi Fonu ile g\u00f6r\u00fc\u015fmelerin y\u00fcr\u00fct\u00fcld\u00fc\u011f\u00fcn\u00fc ve bu fonlar\u0131n bu y\u0131l i\u00e7inde T\u00fcrkiye\u2019ye olan ilgisinin \u00e7ok belirgin \u015fekilde artt\u0131\u011f\u0131n\u0131 ve \u00f6n\u00fcm\u00fczdeki 3 y\u0131lda 1,0 – 1,5 milyar ABD dolar\u0131 tutar\u0131nda kayna\u011f\u0131n T\u00fcrkiye\u2019ye plase edilebilece\u011fini ifade etti.\u00a0<\/p>\n
Farkl\u0131 sekt\u00f6rlerden farkl\u0131 b\u00fcy\u00fckl\u00fckteki \u015firketlere yurti\u00e7i ve yurtd\u0131\u015f\u0131 finansman bulma, \u015firket al\u0131m ve sat\u0131mlar\u0131, operasyonel ve finansal yeniden yap\u0131land\u0131rmalar gibi yat\u0131r\u0131m bankac\u0131l\u0131\u011f\u0131 hizmetleri veren kurumsal finansman \u015firketi Servo Capital Advisors\u2019un (Servo Capital) Y\u00f6netim Kurulu Ba\u015fkan\u0131 Kaan Kiziro\u011flu, \u00d6zel Kredi Fonlar\u0131 (Private Credit) taraf\u0131ndan sa\u011flanan finansman olanaklar\u0131 hakk\u0131nda bilgiler aktard\u0131.<\/p>\n
Servo Capital T\u00fcrk \u015firketleri i\u00e7in konvansiyonel finansmana alternatif olarak \u00f6ne \u00e7\u0131kan \u00d6zel Kredi Fonlar\u0131\u2019ndan alternatif finansman kayna\u011f\u0131 sa\u011flamaya odaklan\u0131yor<\/p>\n
Son d\u00f6nemde global \u00f6l\u00e7ekte aktif olarak faaliyet g\u00f6steren 15-20 b\u00fcy\u00fck \u00f6l\u00e7ekli \u00d6zel Kredi Fonu\u2019nun T\u00fcrkiye\u2019ye olan ilgisinde belirgin bir art\u0131\u015f g\u00f6zlemlendi\u011fini vurgulayan Kaan Kiziro\u011flu, \u201cPrivate Credit (\u00f6zel kredi veya \u00f6zel bor\u00e7), sermaye piyasalar\u0131n\u0131n ve geleneksel bankac\u0131l\u0131\u011f\u0131n d\u0131\u015f\u0131nda kalan, emeklilik \u015firketleri, sigorta \u015firketleri, varl\u0131k fonlar\u0131 ve nitelikli yat\u0131r\u0131mc\u0131lar taraf\u0131ndan sa\u011flanan likiditeyi y\u00f6neten fonlar taraf\u0131nda do\u011frudan bor\u00e7 verme ve bor\u00e7 benzeri yap\u0131lar\u0131n olu\u015fturdu\u011fu alternatif finansman ekosistemidir. \u015eu anda T\u00fcrkiye\u2019de 1 milyar ABD dolar\u0131ndan fazla tutarda proje, \u00d6zel Kredi Fonlar\u0131 taraf\u0131ndan incelenip analiz ediliyor\u201d dedi.<\/p>\n
\u00d6n\u00fcm\u00fczdeki 3 y\u0131lda 1,0 – 1,5 milyar dolar tutar\u0131nda kaynak T\u00fcrkiye\u2019ye plase edilebilir<\/p>\n
Servo Capital Y\u00f6netim Kurulu Ba\u015fkan\u0131 Kaan Kiziro\u011flu, \u015funlar\u0131 da s\u00f6zlerine ekledi: \u201cK\u00fcresel \u00f6zel kredi piyasas\u0131n\u0131n y\u00f6netilen varl\u0131k b\u00fcy\u00fckl\u00fc\u011f\u00fcn\u00fcn (AUM) 2030 y\u0131l\u0131na kadar muhtemelen 4,5 – 5 trilyon ABD dolar\u0131na ula\u015farak daha da geni\u015flemesi beklenmektedir. Tahminlerimiz \u00e7er\u00e7evesinde, \u00f6n\u00fcm\u00fczdeki 3 y\u0131l i\u00e7inde yakla\u015f\u0131k 1,0 – 1,5 milyar ABD dolar\u0131 tutar\u0131nda bir kayna\u011f\u0131n T\u00fcrkiye piyasas\u0131nda kredi olarak de\u011ferlendirmek \u00fczere plase edilece\u011fini \u00f6ng\u00f6r\u00fcyoruz.\u201d<\/p>\n
\u00d6zel kredilerin yak\u0131n co\u011frafyam\u0131zdaki rotas\u0131 Istanbul\u2019da Global Banking & Markets etkinli\u011finde \u00e7izildi<\/p>\n
25\u201326 Kas\u0131m\u2019da \u0130stanbul\u2019da ger\u00e7ekle\u015fen Global Banking & Markets: CEE, Central Asia & T\u00fcrkiye 2025 etkinli\u011finin, T\u00fcrkiye ve yak\u0131n co\u011frafyas\u0131ndaki Orta Asya, Orta ve Do\u011fu Avrupa (CEE) b\u00f6lgesinin en \u00f6nemli finansal bulu\u015fmas\u0131 oldu\u011funu belirten Kaan Kiziro\u011flu, \u201cBir\u00e7ok \u00f6nemli finans profesyonelini, karar vericiyi ve fon y\u00f6neticilerini \u0130stanbul\u2019da bir araya getiren bu etkinlikte \u00f6zellikle T\u00fcrkiye, Orta Asya, Orta ve Do\u011fu Avrupa b\u00f6lgelerinde \u00f6zel ve alternatif kredi piyasalar\u0131n\u0131n gelece\u011fi tart\u0131\u015f\u0131ld\u0131. Sermaye ak\u0131\u015flar\u0131n\u0131 T\u00fcrkiye\u2019ye \u00e7ekme vizyonumuzla, \u00e7ok \u00f6nem verdi\u011fimiz bu platformda biz de yerimizi ald\u0131k\u201d dedi.\u00a0<\/p>\n
Global Banking & Markets: CEE, Central Asia & T\u00fcrkiye 2025 etkinli\u011finde, \u00d6zel Kredi Fonlar\u0131\u2019na ili\u015fkin d\u00fczenlenen oturumun moderat\u00f6rl\u00fc\u011f\u00fcn\u00fc \u00fcstlenen Kaan Kiziro\u011flu, \u201cBu oturumda \u00d6zel Kredi Fonlar\u0131n\u0131n T\u00fcrkiye\u2019ye y\u00f6nelik alokasyonlar\u0131n\u0131 art\u0131rd\u0131\u011f\u0131 ve yat\u0131r\u0131mc\u0131 taraf\u0131nda belirgin \u015fekilde y\u00fckselen bir i\u015ftah\u0131n g\u00f6zlemlendi\u011fi vurguland\u0131. Kafkas \u00fclkeleri ve K\u00f6rfez (GCC) b\u00f6lgesinden kat\u0131lan yat\u0131r\u0131mc\u0131lar, T\u00fcrkiye\u2019deki mevcut durumu ve piyasalar\u0131n sundu\u011fu f\u0131rsatlar\u0131 daha yak\u0131ndan incelemek istediklerini, bu b\u00f6lgeye y\u00f6nelik ilgilerinin ise giderek g\u00fc\u00e7lendi\u011fini ifade ettiler\u201d dedi.<\/p>\n
Ayn\u0131 etkinlikte, \u00d6zel Kredi Fonlar\u0131\u2019n\u0131n uygulamalar\u0131na ili\u015fkin olarak d\u00fczenlenen di\u011fer bir oturumun da moderat\u00f6rl\u00fc\u011f\u00fcn\u00fc \u00fcstlenen Kaan Kiziro\u011flu, \u201cBu oturumda da, fonlara ili\u015fkin temsilciler firmalardan gelen bilgi paketinin yeterli ve do\u011fru \u015fekilde sunulmas\u0131n\u0131n s\u00fcre\u00e7 verimlili\u011fi ve h\u0131z\u0131 a\u00e7\u0131s\u0131ndan kritik \u00f6nemde oldu\u011funu vurgulad\u0131lar. \u00d6zellikle, \u015firketlerin ba\u011f\u0131ms\u0131z denetimden ge\u00e7mi\u015f tablolar\u0131n\u0131n ve kredi \u00f6demelerine baz te\u015fkil edecek nakit ak\u0131\u015f projeksiyonlar\u0131n\u0131n haz\u0131r olmas\u0131n\u0131n, fonlar\u0131n i\u015flemi de\u011ferlendirme s\u00fcreci i\u00e7in en \u00f6nemli unsurlardan oldu\u011funu belirttiler. Bu do\u011frultuda, fonlara ba\u015fvurmay\u0131 planlayan \u015firketlerin s\u00fcreci en ba\u015f\u0131ndan itibaren deneyimli dan\u0131\u015fmanlarla y\u00fcr\u00fctmesinin hem \u015feffafl\u0131k hem de h\u0131zl\u0131 ve sa\u011fl\u0131kl\u0131 ilerleyi\u015f a\u00e7\u0131s\u0131ndan belirleyici oldu\u011fu, oturumda \u00f6zellikle vurguland\u0131\u201d \u015feklinde konu\u015ftu.\u00a0<\/p>\n
T\u00fcrkiye\u2019de \u00f6zel kredi piyasas\u0131 f\u0131rsatlar bar\u0131nd\u0131ran bir yap\u0131da<\/p>\n
Kaan Kiziro\u011flu s\u00f6zlerini \u015f\u00f6yle s\u00fcrd\u00fcrd\u00fc:<\/p>\n
\u201cT\u00fcrkiye\u2019de \u00d6zel Kredi Fonlar\u0131 ekosistemi hen\u00fcz geli\u015fimin erken a\u015famas\u0131nda; ancak orta ve b\u00fcy\u00fck \u00f6l\u00e7ekli \u015firketlerin finansmana eri\u015fim zorluklar\u0131 ve bankalar\u0131n sermaye k\u0131s\u0131tlar\u0131, \u00f6zel kredi (private credit) modelini ciddi bir potansiyel hale getiriyor. \u00d6zellikle 2025 y\u0131l\u0131nda bankalar\u0131n kredi i\u015ftah\u0131n\u0131n azalmas\u0131, d\u00fczenleyici otoritenin bankalar\u0131n sermaye y\u00fck\u00fcml\u00fcl\u00fcklerini art\u0131rmas\u0131, y\u00fcksek TL faiz ve yava\u015f d\u00f6viz art\u0131\u015f\u0131 sonucunda \u015firketlerin finansmana eri\u015fim ihtiya\u00e7lar\u0131n\u0131n b\u00fcy\u00fcmesi, \u00d6zel Kredi Fonlar\u0131 i\u00e7in T\u00fcrkiye\u2019de bir f\u0131rsat penceresi a\u00e7m\u0131\u015f durumda. Bu geli\u015fmelere paralel olarak T\u00fcrkiye\u2019nin CDS\u2019inin 700 baz puanlardan 250-260 baz puanlara gerilemesi ile T\u00fcrkiye\u2019ye olan g\u00fcvenin artmas\u0131n\u0131n, yurtd\u0131\u015f\u0131 kredi verme i\u015ftah\u0131n\u0131n artmas\u0131nda etkisi oldu\u011funu belirten Kiziro\u011flu, \u201cBiz de Servo Capital olarak m\u00fc\u015fterilerimizin ihtiya\u00e7lar\u0131n\u0131n en do\u011fru ve k\u0131sa s\u00fcrede sa\u011flanmas\u0131 i\u00e7in T\u00fcrkiye\u2019de risk alma i\u015ftah\u0131 artan t\u00fcm \u00d6zel Kredi Fonlar\u0131 ile g\u00f6r\u00fc\u015f\u00fcyoruz. Baz\u0131 fonlar \u00f6n\u00fcm\u00fczdeki 3 y\u0131l zarf\u0131nda 1 \u2013 1,5 milyar ABD dolar\u0131 tutar\u0131nda fonu T\u00fcrk \u015eirketlere plase etmek i\u00e7in f\u0131rsatlara bakmaya odaklanm\u0131\u015f durumda. \u00d6zel Kredi Fonlar\u0131 \u00f6zellikle net ihracat\u00e7\u0131 konumda olan, b\u00fcy\u00fcme odakl\u0131 faaliyet g\u00f6steren, ald\u0131\u011f\u0131 finansmanla h\u0131zl\u0131 karl\u0131l\u0131k art\u0131\u015f\u0131 g\u00f6sterebilecek, kredi verene g\u00fc\u00e7l\u00fc teminat yap\u0131s\u0131 sunabilen firmalara odaklan\u0131yorlar. \u00d6zel Kredi Fonlar\u0131, firma \u00f6zelinde 25 ile 100 milyon ABD dolar\u0131 kredi aras\u0131nda finansman\u0131 tek ba\u015flar\u0131na verebilirken daha fazla kredi talepleri i\u00e7in sendikasyon yapabiliyorlar.\u201d\u00a0<\/p>\n
2008 K\u00fcresel Finansal Krizinden sonra bankalar\u0131n bilan\u00e7o risklerini k\u00fc\u00e7\u00fcltmesi, Basel III d\u00fczenlemeleriyle sermaye yeterlili\u011fi y\u00fck\u00fcml\u00fcl\u00fcklerinin artmas\u0131 ve piyasaya sa\u011flayabildikleri likiditenin s\u0131k\u0131la\u015fmas\u0131 ile b\u00fcy\u00fcyen bu alan\u0131n, gelece\u011fin en h\u0131zl\u0131 b\u00fcy\u00fcyecek finansman alan\u0131 oldu\u011funu belirten Kaan Kiziro\u011flu, \u201cBug\u00fcn global \u00d6zel Kredi piyasas\u0131 yakla\u015f\u0131k 2 \u2013 2,5 trilyon ABD dolar\u0131 b\u00fcy\u00fckl\u00fc\u011fe ula\u015fm\u0131\u015f durumda olup, bu rakam 2009\u2019daki seviyenin yakla\u015f\u0131k 7-10 kat\u0131d\u0131r.\u201d \u015feklinde konu\u015ftu.<\/p>\n
Servo Capital Y\u00f6netim Kurulu Ba\u015fkan\u0131 Kaan Kiziro\u011flu, \u00d6zel Kredi Fonlar\u0131n\u0131n avantajlar\u0131n\u0131 \u015fu \u015fekilde vurgulad\u0131: \u201c\u00d6zel Kredi, bor\u00e7lular (\u00f6zellikle orta ve b\u00fcy\u00fck \u00f6l\u00e7ekli \u015firketler) ve bunlar\u0131n \u00f6zel sermaye yat\u0131r\u0131mc\u0131lar\u0131 (private equity sahipleri) a\u00e7\u0131s\u0131ndan sundu\u011fu avantajlarla da talep g\u00f6ren bir finansman t\u00fcr\u00fcd\u00fcr. Bu model, bor\u00e7 veren ve bor\u00e7 alan aras\u0131nda daha yak\u0131n ili\u015fki ve esnek yap\u0131lar sa\u011flayarak her iki taraf i\u00e7in de daha yak\u0131n izlenen, kontrol edilebilen, iste\u011fe \u00f6zel yap\u0131lar kurularak icra edilebilmektedir. \u00d6zel Kredi Fonlar\u0131, geleneksel bankalara ve de reg\u00fclasyona tabi sermaye piyasalar\u0131na k\u0131yasla daha h\u0131zl\u0131 bir \u015fekilde finansman imkan\u0131 sa\u011flar. Az say\u0131da kredit\u00f6r taraf\u0131ndan kurgulanan \u00f6zel (tailor-made) yap\u0131lar sayesinde i\u015flemler, sendikasyon s\u00fcrecine g\u00f6re \u00e7ok daha k\u0131sa s\u00fcrede ve daha esnek finansal k\u0131s\u0131tlarla tamamlanabilir.\u201d\u00a0<\/p>\n
T\u00fcrkiye\u2019de \u00f6zel kredi fonlar\u0131n\u0131n geli\u015fimi i\u00e7in hukuki zeminin de daha uygun hale getirilmesi gerekiyor<\/p>\n
T\u00fcrkiye\u2019de bu alan\u0131n geli\u015fmesi i\u00e7in hukuki zeminde \u00f6nemli ad\u0131mlar at\u0131lmas\u0131 gerekti\u011finin alt\u0131n\u0131 \u00e7izen Kaan Kiziro\u011flu, \u201cK\u00fcresel piyasalarda \u00d6zel Kredi Fonlar\u0131 kurumsal finansman d\u00fcnyas\u0131n\u0131n ana bile\u015fenlerinden biri haline geldi. Bu d\u00f6n\u00fc\u015f\u00fcm hem yat\u0131r\u0131mc\u0131lar hem de fon arayan \u015firketler i\u00e7in yeni f\u0131rsatlar yarat\u0131yor. Banka d\u0131\u015f\u0131 bor\u00e7lanma kanallar\u0131 derinle\u015fiyor, \u00d6zel Kredi Fonlar\u0131 nitelikli yat\u0131r\u0131mc\u0131lara getiri \u00e7e\u015fitlili\u011fi sunuyor ve \u015fu anda perakende yat\u0131r\u0131mc\u0131lar da bu fonlara getirilerinden dolay\u0131 yat\u0131r\u0131m yapmaya ba\u015flad\u0131lar. \u00d6zel Kredi Fonlar\u0131n\u0131n T\u00fcrkiye\u2019ye olan ilgisinin do\u011fru ve yerinde kullan\u0131lmas\u0131 halinde T\u00fcrkiye gibi banka-yo\u011fun ekonomiler i\u00e7in bu model, \u00f6n\u00fcm\u00fczdeki 5-10 y\u0131lda kurumsal finansman\u0131n yeniden tan\u0131mlanaca\u011f\u0131 en kritik alanlardan biri olabilir ve bu b\u00fcy\u00fcyen finansman modelinden T\u00fcrkiye de pay\u0131n\u0131 alabilir. Ancak bunun i\u00e7in hukuki zeminde do\u011frudan kredi verme (Direct Lending) faaliyetinin tan\u0131mlanmas\u0131, teminat hukuku ve icra s\u00fcre\u00e7lerinin g\u00fc\u00e7lendirilmesi ve en \u00f6nemlisi vergisel d\u00fczenlemelerin yap\u0131lmas\u0131 \u00f6nem arz etmektedir\u201d dedi.<\/p>\n
<\/strong> Son d\u00f6nemde k\u00fcresel \u00f6l\u00e7ekte h\u0131zla artan \u00d6zel Kredi Fonlar\u0131, geleneksel bankac\u0131l\u0131k sisteminin s\u0131n\u0131rl\u0131 kald\u0131\u011f\u0131 alanlarda kurumsal finansman\u0131n yeni bir bile\u015feni olarak \u00f6ne \u00e7\u0131k\u0131yor. 2008 Global Finansal Krizi sonras\u0131 d\u00f6nemde, 200 \u2013 300 milyar ABD dolar\u0131 d\u00fczeyinde olan k\u00fcresel \u00d6zel Kredi Fon pazar\u0131 b\u00fcy\u00fckl\u00fc\u011f\u00fcn\u00fcn, \u015fu anda 2 \u2013 2,5 trilyon ABD dolar\u0131 aras\u0131nda oldu\u011fu ve 2030 senesine dek iki kat\u0131na \u00e7\u0131karak, yakla\u015f\u0131k 4,5 – 5 trilyon ABD dolar\u0131na ula\u015faca\u011f\u0131 tahmin ediliyor.<\/p>\n","protected":false},"author":1,"featured_media":15984,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow07ekDA:productID":"","footnotes":""},"categories":[12,4,10,11],"tags":[],"class_list":["post-15983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-spor","category-dunya","category-otomobil","category-saglik"],"_links":{"self":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/15983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/comments?post=15983"}],"version-history":[{"count":0,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/15983\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media\/15984"}],"wp:attachment":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media?parent=15983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/categories?post=15983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/tags?post=15983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nSANAY\u0130 HABER AJANSI <\/p>\n","protected":false},"excerpt":{"rendered":"