Turnspire Capital Partners – recently announced the closing of Turnspire Value Fund II, L.P. at its hard cap of $275 million in capital commitments. Since founding in 2013, Turnspire invested over $180 million in control investments across nine platform companies.
Through Fund II, Turnspire will continue targeting complex transactions involving North American lower middle-market industrial and consumer businesses with revenues between $50 million and $400 million.
Turnspire welcomed to Fund II a diverse group of high-caliber institutional investors across North America and Europe, including corporate and public pension funds, endowments and foundations, asset managers, funds of funds, and family offices as well as high-net-worth individuals. And Fund II also includes significant participation from the general partner and members of Turnspire’s executive operator network.
Chapman and Cutler LLP acted as legal counsel to Fund II and InRider Partners LLC provided investor relations services.
KEY QUOTES:
“We are grateful to our existing and new limited partners for their trust in Turnspire. In Fund II, we plan to continue employing the proven investment strategy that Turnspire has executed for over a decade – by exclusively targeting high-quality businesses, buying right, and creating significant value through operational transformations. We look forward to further demonstrating Turnspire’s reputation as the buyer of choice for complex lower-middle-market transactions.”
- Founder and Managing Partner Ilya Koffman
“We believe that the significant investment community demand for Fund II reflects Turnspire’s differentiated investment strategy, the quality of our team, the high-caliber executives we partner with to drive operational improvements, and the strength of our investment track record. We take immense pride in the lasting franchise we have built and look forward to continuing to earn our investors’ trust.”
- Turnspire Partner Abel S. Osorio
