At A Glance
The firm, its objectives, and the activities it undertakes.
WSD Capital Management is a value-oriented investment firm that commits people, capital, and fortitude to help address the critical issues facing public companies. We seek to work with the management of the companies in which we invest to enhance shareholder value through a combination of strategic redirection, improved operational execution and more disciplined capital allocation.
The firm was founded in 2014 as the first activist investor and global hedge fund management firm in Turkey.
At WSD Capital Management, we apply a constructively firm approach to supporting controversially ambitious investments in undervalued or underperforming public companies.
Our objective is to engage management and boards to implement changes required to improve businesses. The capital we deploy is patient, engaged and productive, strengthening competitiveness and propelling growth by fostering significant and lasting action on the critical issues facing public companies.
We focus on the discovery and development of companies and special situations with a compelling catalyst to enhance shareholder value and drive growth, navigating complex business relationships, corporate strategy, finance and operations.
Our unique position in the investment profession is built on our distinctive process of developing outstanding assets into outstanding companies through benevolent hostility.
Experience in Financial Markets
What differentiates our approach from others is that, from day one, our mission has been to do what’s right rather than what’s popular or politically correct; which, in the long run, is always more important than being the toast of the golf course.
— Ertan Enginalev
Founder & Managing Partner
Our goal is to create value across regulatory, economic and financial market cycles. This requires us to expend significant time and resources to understand and purposefully engage in difficult and complex situations that other investors may avoid by:
- Taking a private equity investment approach to the public markets
- Creating value and driving outcomes by using activism when appropriate
- Concentrating portfolio in a limited number of high conviction investments
- Conducting deep fundamental research
- Adopting a long-term time investment horizon
- Investing opportunistically in dislocations, corporate transformations and special situations
We support select investments with a number of key corporate initiatives that have a direct impact on enhancing value, both in the short- and long-term.
These initiatives are often similar to the strategic actions that private equity investors pursue after taking a company private. As a public markets investor, we avoid the control premiums, illiquidity and leverage of the private equity model while assisting companies in:
- Designing and executing strategic corporate initiatives, including acquisitions, divestitures, spin-offs, asset sales, joint ventures, strategic partnerships, and other transactions that can improve the overall value of the corporate enterprise.
- Enhancing capital allocation and efficiency, including share repurchases, special dividends, recapitalizations, going-private transactions, optimization of returns on cash flows, and the management of the overall corporate balance sheet.
In 2014, WSD Capital Management opened its doors with two desks and a single mission. From these early beginnings, the firm has captured a set of core strengths.
IndependenceWSD Capital Management is completely independent and not affiliated with any banking, insurance or industrial group.
ExpertiseWSD Capital Management combines deep expertise in M&A and Private Equity with global capital market experience.
FlexibilityWSD Capital Management maintains a flexible mandate that allows our team to adjust to changing market circumstances.
TransparencyWSD Capital Management pursues its investment initiatives and executes its engagements with unmatched transparency.
FortitudeWSD Capital Management is defined by unwavering discipline, favoring long-term growth over short-term returns.