A new bridge, which will connect new metro lines, is under construction over the Golden Horn in Istanbul September 5, 2013. REUTERS/Murad Sezer
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Private-equity investments in Turkey are set to increase more than 50 percent this year from a six-year low in 2016 with TPG Capital LP considering acquisitions and Cinven Ltd. predicting renewed interest from foreigners.KKR & Co. has long exited Turkey, while Carlyle Group, which only has one investment left in the country, closed its office in Istanbul.Last year, investors including Abraaj and Istanbul-based Mediterra Capital Management Ltd. raised more than $820 million for funds dedicated to Turkey, the most since 2012, when they amassed $2 billion, according to Washington-based EMPEA, a global association of emerging-market private-capital funds.Firms such as Bridgepoint Advisers Ltd. and the private-equity arms of Goldman Sachs Group Inc. and Credit Suisse Group AG have limited their recent purchases to midcap Turkish assets, such as the $150 million investment with the European Bank for Reconstruction & Development in the company which controls a Burger King franchise.
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