Turn/River Capital has closed its fourth fund at $420 million. The fund will invest in “growing, efficient” technology companies.
SAN FRANCISCO–(BUSINESS WIRE)–Turn/River Capital, a technology growth equity and buyout firm, today announced that it has successfully raised its fourth fund, Turn/River Capital IV (“Fund IV”). The $420 million Fund IV was oversubscribed and was completed with a single closing for institutional investors in less than 90 days. With Fund IV, Turn/River Capital currently has over $700 million in assets under management.
“We are incredibly grateful to our investors for their trust and partnership. The increased commitment from existing investors and strong response from new investors attests to our team and our strategy,” said Dominic Ang, Managing Partner at Turn/River Capital. “It’s been an active year for Turn/River with numerous investments and exits. We hope to build on this momentum in the new fund.”
With Fund IV, Turn/River aims to continue to execute its strategy of investing in growing, efficient technology companies. The firm seeks to provide flexible capital to fund growth, liquidity, and acquisitions for bootstrapped companies, spin-outs, and roll-ups, and it combines this capital with a proprietary operating team that can help portfolio companies accelerate their growth and profitability.
Turn/River continues to invest heavily in its operating team, recently doubling its size and making it the largest group in the Turn/River organization. The team can now work hand-in-hand with portfolio companies on all parts of the software go-to-market, including marketing, pricing, sales, and customer success.
The firm focuses on software and SaaS companies and has made 17 investments since its founding in 2012.
About Turn/River Capital
Turn/River specializes in buyouts, spin-outs, growth capital investments, founder liquidity, and recapitalizations of technology, web, and SaaS companies. The San Francisco-based team has deep operational experience and is focused on accelerating portfolio company sales, marketing, and product development. For more information, please visit www.turnrivercapital.com.