Private equity firm Turn/River Capital announced the closing of Turn/River Capital Fund VI with $2.5 billion in total commitments. And Fund VI was oversubscribed, hitting its hard cap with strong demand from existing and new limited partners. Turn/River Capital Fund V, a $1.35 billion fund completed in 2022, was also similarly oversubscribed.
Turn/River was created on the belief that software investing is best done by a team of equal parts investors and operators that work side-by-side with portfolio companies to build sustainable, growing businesses. And Turn/River has a concentrated portfolio of 19 platform companies, 14 of which have been realized.
More recently Turn/River sold Redwood Software to Vista Equity Partners and Warburg Pincus in December 2024 and signed a definitive agreement to take SolarWinds private for $4.4 billion in enterprise value in February 2025.
KEY QUOTES:
“We are honored by our partners’ trust in us. With their tremendous support we will continue to build on our growth engineering strategy that we believe creates enduring value for our portfolio companies, investors and the team here at Turn/River.”
– Dominic Ang, Founder and Managing Partner of Turn/River
“We are energized by the strong and quick support from our long-standing partners and are excited to welcome new investors from across the globe. Over the past year we’ve reached new milestones together, and we remain focused on delivering even greater outcomes in Fund VI.”
– Alexandra Kessel, Head of Investor Relations at Turn/River
