Bloomberg News

BLG Capital Raises $187 Million for Turkish Real Estate Fund

September 17, 2012

BLG Capital, a real estate investment manager run by Turkish businessman Serdar Bilgili, said it raised 142.4 million euros ($187 million) for a fund to invest in projects in Turkey.

The BLG Turkish Real Estate Fund LP, whose global placement agent is London-based MVision Private Equity Advisers Ltd., will use the money for a student accommodation facility in Istanbul and to develop a former warehouse in the city’s Maslak business district, Bilgili said in an e-mailed statement today.

To contact the reporter on this story: Ercan Ersoy in Istanbul at

To contact the editor responsible for this story: Benedikt Kammel at

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