Turnspire Capital Partners (Turnspire), a private investment firm focused on lower middle-market industrial and consumer businesses has held the final closing of Turnspire Value Fund II, at its hard cap of $275m in capital commitments.
Since its inception in 2013, Turnspire has invested over $180m in control investments across nine platform companies. With Fund II, Turnspire will continue targeting businesses with revenues between $50m and $400m.
Fund II attracted support form a diverse group of 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. 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.
