“Tremendous Maturation”

Turkey is turning the corner to becoming a much more mature private equity market, according to Jeffrey Leonard, President and CEO of Global Environment Fund and current Chairman of the Emerging Markets Private Equity Association. Leonard’s firm has done two investments in Turkey over the years, including one that “did not go well.”

In a candid interview, Leonard shares his first-hand analysis on a major economy that has been under-penetrated by private equity.