Turn/River Capital, a technology growth equity and buyout firm, has raised its fourth fund, Turn/River Capital IV (Fund IV). The USD420 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 USD700 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,” says 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 organisation. 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.
