Liquidation process of funds worth hundreds of billions of liras and the figures in companies' management network

Serdar HocamAuthor & Editor

With seven portfolio companies entering the liquidation process, 15 critical figures in their management, including rectors, former ambassadors, and businesspeople, have come to the public agenda.

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Patronlardan rektöre, eski büyükelçiden kamu bürokratlarına uzanan yönetim ağı

The entry of seven funds worth hundreds of billions of liras into the liquidation process revealed that 15 figures serving in the management, risk, and internal control levels of the companies formed a striking management network.

Prominent Figures in the Tera Group

Emre Tezmen, co-founder of Tera Yatırım Menkul Değerler and Tera Portföy, assumed chairmanships of the board of directors in the group extending from the investment company to the bank and was detained.

Istanbul Topkapı University Rector Prof. Dr. Emre Alkin joined the Tera Portfolio Board of Directors on June 26, 2026, while his brother Prof. Dr. Kerem Alkin became an independent member.

Pusula Portfolio Management Staff

Muhammed Yarız is the chairman of the board of directors of Pusula Portfolio and heads Pusula Investment Holding; the assets managed by the company reached 633.8 billion liras at the end of August 2026.

While Ayşe Seher Aydın serves as a member of the board of directors and general manager at Pusula Portfolio, Halil İbrahim Ege carries out the deputy chairmanship and internal control responsibility.

Changes in Hedef Holding and Its Affiliates

Namık Kemal Gökalp resigned from his chairmanships of the board of directors on September 18 after serving on the boards of Hedef Holding, İnfo Yatırım, Hedef Girişim, and Hedef Yatırım Bankası.

Sibel Gökalp serves as the chairwoman of the board of directors of Hedef Portfolio.

Pardus and Atlas Portfolio Structuring

Asiye Güler serves as the chairperson of the board of directors of Güler Yatırım Holding and Pardus Venture Capital Investment Trust, and owns a 20.64 percent stake in Pardus Portfolio.

Serdar Altınbaş has been serving as the chairman of the board of directors of Atlas Portfolio since 2022.

Bulls Portfolio and Other Executives

While Gökay Yılmaz moved to the Bulls group in 2024 to become the Chairman of the Board of Directors of Bulls Portfolio, Ersoy Çoban is a board member responsible for internal control in the same institution.

Atlas Portfolio Deputy Chairman Eren Yeşilyurt previously served as a chief tax inspector in the public sector and as TFF deputy general secretary.