Toranj Capital
Toranj Investment Advisory Private Joint Stock Company, trading as Toranj Capital, is a private Tehran-based investment advisory and asset-management firm incorporated in 2015. It manages funds and discretionary portfolios across fixed income, equities, gold, venture capital and other strategies, while offering market making, corporate finance and crowdfunding services. The firm is relevant to investors and issuers seeking local capital-markets access and managed investment products in Iran.
Market position
Toranj operates as a multi-strategy Iranian investment-management and advisory platform, combining managed funds and discretionary portfolios with corporate-finance, market-making and crowdfunding services.
Operations & footprint
Products and services
Toranj Capital provides investment advisory, dedicated portfolio management, investment-fund establishment and management, market making, company valuation, corporate financing, capital-market admission and public-offering support, debt issuance advisory, crowdfunding, and venture investment. Its managed products include fixed-income, equity, mixed, fund-of-funds, leveraged, gold, market-making, and venture-capital funds. The company also provides investor risk assessment, financial research, business financing support, and access to managed investment products for retail, corporate, and institutional clients.
Operations and assets
The company manages fixed-income funds including Afra/Afran and Tamkin; equity funds Sarv and Anar; the Zeytoon mixed-asset fund; the Tameshk fund-of-funds; the Tak Dana market-making fund; the Sarv Roshd Paydar Yekom venture-capital fund; and the Toranj Gold Fund. Media coverage dated 27 October 2023 cited approximately 80,000 billion tomans of assets under management and about 10 regulated funds.
Geographic footprint
Tehran, Iran.
Commercial and investment relevance
Toranj is relevant for investors assessing independent asset managers, diversified investment-fund platforms, corporate financing, crowdfunding, venture-capital funds, leveraged products, gold funds, and professional portfolio management in Iran. Its product breadth provides exposure to both conventional securities and alternative financing structures. Due diligence should verify current shareholders, assets under management, fund concentration and liquidity, proprietary-investment exposure, venture-portfolio valuation, crowdfunding defaults, market-making obligations, underwriting or financing commitments, client-asset segregation, related-party transactions, capital adequacy, cybersecurity, regulatory compliance, investment-performance reporting, redemption management, and the relationship between the advisory company and affiliated investment or operating entities. For issuers and corporate clients, Toranj combines valuation, restructuring, M&A, debt-financing and capital-market admission support with access to investment-management and crowdfunding capabilities. For investors, it provides professionally managed exposure across several Iranian asset classes and fund structures.
Constraints, risk & compliance
Key risks and constraints
Investment performance and redemption capacity depend on Iranian capital-market liquidity and the underlying exposure of each fund or managed mandate. Venture-capital holdings, market-making mandates, gold-linked products and crowdfunding financing carry distinct valuation, liquidity and execution risks.
Sanctions and compliance considerations
The corporate entity requires counterparty sanctions screening. Its CEO, Hadi Johari, has held historical board roles in Iranian state and parastatal groups associated with international sanctions exposure.
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Frequently asked questions
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What does Toranj Capital do?
Toranj Capital provides investment advisory, discretionary portfolio management, fund management, market making, corporate-finance advisory, valuation, restructuring, M&A support, debt-issuance support and crowdfunding services.
Where is Toranj Capital headquartered?
Toranj Capital is headquartered in Tehran, Iran, at Unit 101, No. 38, Golfam Street, Nelson Mandela (Jordan) Boulevard.
What investment products does Toranj Capital manage?
Its managed offerings include fixed-income, equity, mixed-asset, fund-of-funds, market-making, venture-capital and precious-metals funds, alongside discretionary managed portfolios.
Is Toranj Capital publicly listed?
No. Toranj Investment Advisory is a private joint stock company.