Turnspire Closes Oversubscribed Second Fund With $850M From Institutional Heavyweights

Turnspire Capital Partners has successfully closed Fund II with robust support from a diverse array of institutional investors spanning North America and Europe.

The backing includes contributions from corporate and public pension funds, endowments, foundations, asset managers, funds of funds, family offices, and high-net-worth individuals.

Notably, Fund II also saw significant involvement from the general partner and members of Turnspire’s executive operator network.

Investor Profile:

Backers in Fund II represent a high-caliber group of institutional investors, showcasing a diverse mix of financial entities. The investors hail from various regions, underlining the global appeal of Turnspire’s investment strategy.

Among the contributors are corporate and public pension funds, endowments, foundations, asset managers, funds of funds, family offices, and high-net-worth individuals.

Turnspire’s Investment History:

Since its establishment in 2013, Turnspire has demonstrated a strong track record, deploying over $180 million in control investments across nine platform companies.

The firm’s commitment to strategic and impactful investments has contributed to its success and reputation in the industry.

Fund II Objectives:

With the closing of Fund II, Turnspire remains dedicated to pursuing complex transactions within the North American lower middle-market industrial and consumer sectors.

The firm will specifically target businesses with revenues ranging from $50 million to $400 million. This focus underscores Turnspire’s strategy of engaging with companies that present unique challenges and opportunities.

Leadership:

Guiding Turnspire Capital Partners is its Founder and Managing Partner, Ilya Koffman.

Under Koffman’s leadership, the firm has carved a niche for itself in navigating intricate investment landscapes and delivering value to its investors.

Conclusion:

The successful closure of Fund II reflects Turnspire Capital Partners’ ongoing commitment to excellence in the realm of private equity.

As the firm continues to target and execute complex transactions, its collaboration with a diverse set of high-caliber investors positions Turnspire for further growth and success in the years to come.