B\u00fcy\u00fcme \u00f6z sermayesi (growth equity), kurulmu\u015f, b\u00fcy\u00fcyen \u015firketlere\u2014tipik olarak kan\u0131tlanm\u0131\u015f i\u015f modelleriyle karl\u0131 veya karl\u0131l\u0131\u011fa yak\u0131n\u2014b\u00fcy\u00fcmeyi h\u0131zland\u0131rmak, yeni pazarlara geni\u015flemek veya M&A yapmak i\u00e7in sermaye sa\u011flayan bir yat\u0131r\u0131m stratejisidir. B\u00fcy\u00fcme \u00f6z sermayesi risk sermayesi<\/a> (daha erken a\u015fama, genellikle karl\u0131l\u0131k \u00f6ncesi) ve \u00f6zel sermaye buyout’lar\u0131<\/a> (daha ge\u00e7 a\u015fama, kontrol odakl\u0131) aras\u0131nda yer al\u0131r.<\/p>\n Tan\u0131mlay\u0131c\u0131 \u00f6zellikler: hedef \u015firketler tipik olarak g\u00fc\u00e7l\u00fc b\u00fcy\u00fcme ile (y\u0131ll\u0131k %30+ gelir b\u00fcy\u00fcmesi) 20M-200M+ dolar gelirde, hen\u00fcz GAAP-karl\u0131 de\u011filse pozitif birim ekonomisi<\/a>, asgari sermaye gereksinimleri (20M-200M+ dolar \u00e7ek b\u00fcy\u00fckl\u00fckleri), az\u0131nl\u0131k yat\u0131r\u0131m pozisyonlar\u0131 (tipik olarak %10-40 sahiplik, kurucu<\/a>\/y\u00f6netim kontrol\u00fcn\u00fc koruma) ve VC’den daha uzun tutma d\u00f6nemleri (VC i\u00e7in 7-10 y\u0131la kar\u015f\u0131 5-7 y\u0131l). B\u00fcy\u00fck b\u00fcy\u00fcme \u00f6z sermayesi firmalar\u0131 aras\u0131nda General Atlantic, Insight Partners, Vista Equity, Spectrum Equity, TA Associates ve Summit Partners yer al\u0131r.<\/p>\n B\u00fcy\u00fcme \u00f6z sermayesi yat\u0131r\u0131mlar\u0131 \u00e7e\u015fitli yap\u0131lar kullan\u0131r: birincil yat\u0131r\u0131m (\u015firkete yeni sermaye, tipik yap\u0131), ikincil sat\u0131n alma (mevcut pay sahipleri sat\u0131yor\u2014genellikle kurucular veya erken VC’ler k\u0131smi likidite al\u0131yor) veya hibrit (kombinasyon). Tipik olarak kullan\u0131lan menkul k\u0131ymetler: d\u00f6n\u00fc\u015ft\u00fcr\u00fclebilir imtiyazl\u0131 hisse senedi<\/a> (VC Seri yap\u0131s\u0131na benzer), a\u015fa\u011f\u0131 y\u00f6n korumal\u0131 yap\u0131land\u0131r\u0131lm\u0131\u015f \u00f6z sermaye (kat\u0131l\u0131m s\u0131n\u0131r\u0131 ile 1x tasfiye tercihi, mandal<\/a> h\u00fck\u00fcmleri) ve giderek artan bi\u00e7imde b\u00fcy\u00fcme bor\u00e7-\u00f6z sermaye hibrit’leri. Y\u00f6neti\u015fim: \u00f6nemli etki ile tipik bir y\u00f6netim kurulu<\/a> koltu\u011fu ancak kontrol de\u011fil, b\u00fcy\u00fck eylemler \u00fczerinde s\u00fcpermajorite onay haklar\u0131, bilgi haklar\u0131 ve \u00e7\u0131k\u0131\u015f<\/a> i\u015fbirli\u011fi h\u00fck\u00fcmleri.<\/p>\n B\u00fcy\u00fcme \u00f6z sermayesi %20-25 IRR getirileri hedefler (daha az risk nedeniyle VC’den daha d\u00fc\u015f\u00fck; b\u00fcy\u00fcme oda\u011f\u0131 nedeniyle PE buyout’lar\u0131ndan daha y\u00fcksek). Strateji \u015fu nedenlerle dramatik olarak b\u00fcy\u00fcd\u00fc: daha fazla \u015firket daha uzun s\u00fcre \u00f6zel kal\u0131yor (sermayeye ihtiya\u00e7 duyan olgun \u00f6zel \u015firketlerin arz\u0131n\u0131 art\u0131r\u0131yor), geleneksel VC fonlar\u0131 erken a\u015fama k\u00f6klerinin \u00f6tesinde b\u00fcy\u00fcmeye geni\u015fledi (Sequoia, Andreessen Horowitz Growth Funds, Bessemer Growth) ve crossover fonlar (Tiger Global, Coatue) halka a\u00e7\u0131k ve \u00f6zel yat\u0131r\u0131m aras\u0131ndaki \u00e7izgiyi bulan\u0131kla\u015ft\u0131r\u0131yor. T\u00fcrkiye s\u0131n\u0131rl\u0131 yerli b\u00fcy\u00fcme \u00f6z sermayesi sermayesine sahiptir (\u00e7o\u011fu b\u00fcy\u00fck \u00e7ek uluslararas\u0131 fonlardan gelir), ancak yerel olarak y\u00f6nlendirilen b\u00fcy\u00fcme yat\u0131r\u0131mlar\u0131 T\u00fcrk aile ofisleri ve kurumsal yat\u0131r\u0131mc\u0131lar arac\u0131l\u0131\u011f\u0131yla artmaktad\u0131r.<\/p>\n","protected":false},"excerpt":{"rendered":" TLDR: B\u00fcy\u00fcme \u00f6z sermayesi (growth equity), kurulmu\u015f, b\u00fcy\u00fcyen \u015firketlere\u2014tipik olarak kan\u0131tlanm\u0131\u015f i\u015f modelleriyle karl\u0131 veya karl\u0131l\u0131\u011fa yak\u0131n\u2014b\u00fcy\u00fcmeyi h\u0131zland\u0131rmak, yeni pazarlara geni\u015flemek veya M&A yapmak i\u00e7in sermaye sa\u011flayan bir yat\u0131r\u0131m stratejisidir. B\u00fcy\u00fcme \u00f6z sermayesi risk sermayesi (daha erken a\u015fama, genellikle karl\u0131l\u0131k \u00f6ncesi) ve \u00f6zel sermaye buyout’lar\u0131 (daha ge\u00e7 a\u015fama, kontrol odakl\u0131) aras\u0131nda yer al\u0131r. B\u00fcy\u00fcme \u00d6z […]<\/p>\n","protected":false},"author":4,"featured_media":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"footnotes":""},"categories":[],"class_list":["post-12602","term","type-term","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/12602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term"}],"about":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/types\/term"}],"author":[{"embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/comments?post=12602"}],"version-history":[{"count":1,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/12602\/revisions"}],"predecessor-version":[{"id":12898,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/12602\/revisions\/12898"}],"wp:attachment":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/media?parent=12602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/categories?post=12602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}B\u00fcy\u00fcme \u00d6z Sermayesi \u00d6zellikleri<\/h3>\n
Anla\u015fma Yap\u0131lar\u0131<\/h3>\n
Getiri Profili ve Pazar Konumu<\/h3>\n