# OYAK

OYAK is a Pension Fund based in Ankara, Turkey.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Ankara, Turkey
- **Region:** Europe
- **Address:** Eti Mahallesi, Gazi Mustafa Kemal Bulvari Number 138, 06570
- **Founded:** 1961
- **Assets under management:** 16.1B (Altss estimate)
- **Website:** www.oyak.com.tr
- **LinkedIn:** https://www.linkedin.com/company/oyak

## Regulatory record

- **Reports private funds:** No

## About

OYAK was established in 1961 by the Turkish Ministry of National Defense to provide retirement support for armed forces personnel. The fund maintains a direct ownership model over industrial assets rather than relying solely on external managers. The portfolio spans steel production, cement, automotive manufacturing, energy distribution and agribusiness. Confirmed positions include 49% of Oyak-Renault Otomobil Fabrikaları, 49.29% of Ereğli Demir ve Çelik, 75.81% of OYAK Çimento and 100% of Güzel Enerji. Operations extend to Germany, the Netherlands, Finland and Portugal through subsidiaries and joint ventures with Renault and Taiwan Cement Corporation. Group consolidated assets reached $35.4B by June 2025. The organization employs 38,796 people and maintains memberships in Pensions Europe since 2003 and the World Economic Forum Centre for Financial and Monetary Systems. In September 2025 Erdemir served as platinum sponsor of TEKNOFEST. The fund structure ties investment decisions to the statutory mandate of the Turkish Armed Forces pension system, creating a governance link absent in standard asset managers.

## Sectors

- Agribusiness
- Energy & Utilities
- Mining
- Renewable Energy
- Information Technology

## Questions

### Who runs investment decisions at OYAK?

Investment decisions sit with the fund's internal management and subsidiaries including OYAK Yatırım and OYAK Portföy. No individual CIO or CEO is publicly named in available records.

### Does OYAK participate in fund commitments or only direct deals?

OYAK holds direct equity stakes in operating companies and listed Turkish issuers. Public positions include Ereğli Demir ve Çelik and OYAK Çimento.

### What is OYAK's known posture on co-investments alongside external GPs?

No co-investment activity with external GPs is disclosed. The fund focuses on wholly owned subsidiaries and majority stakes in Turkish industrial assets.

## Related profiles

- [Belfius Insurance](https://altss.com/profile/belfius-insurance)
- [Carlsberg](https://altss.com/profile/carlsberg)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/oyak

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology