TURN/RIVER MANAGEMENT, L.P.
TURN/RIVER MANAGEMENT, L.P. is a Series C+ and buyout fund in the US, Western Europe and Israel writing $50M–$200M checks into Enterprise, Fintech, Security, enterprise-applications and enterprise-infrastructure.
- Stages
- Series C+, buyout
- Sectors
- Enterprise, Fintech, Security, enterprise-applications, enterprise-infrastructure
- Check size
- $50M–$200M
- Invests in
- US-wide, Western Europe, Israel
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 2012
- Assets under management
- $4.86B
- Website
- turnriver.com
Thesis
Turn/River Management, L.P. is a San Francisco-based private equity firm founded in 2012, specializing in software companies with $5M-$50M in ARR. Their unique 'growth engineering' strategy combines flexible capital with deep operational expertise from an in-house team of specialists in sales, marketing, finance, product, and AI. They focus on acquiring controlling stakes in profitable, high-growth enterprise software companies across North America and Western Europe, with a growing interest in Israel. They invest in various software business types, including bootstrapped, spin-outs, formerly venture-funded, and take-privates, with a portfolio spanning Enterprise Applications, Enterprise Infrastructure, and FinTech. The firm has raised multiple funds, with its sixth fund closing at $2.5 billion in March 2025, bringing their total AUM to over $4.86 billion.
Common questions
Does TURN/RIVER MANAGEMENT, L.P. invest at the Series C+ stage?
Yes. TURN/RIVER MANAGEMENT, L.P. lists Series C+ and buyout among the stages it invests in.
What check size does TURN/RIVER MANAGEMENT, L.P. write?
TURN/RIVER MANAGEMENT, L.P. writes $50M–$200M checks.
Where does TURN/RIVER MANAGEMENT, L.P. invest?
TURN/RIVER MANAGEMENT, L.P. invests in the US, Western Europe and Israel.