Turnspire Capital Partners, a NYC-based private equity firm, closed Turnspire Value Fund II, L.P. , at $275m in capital commitments.
Backers in Fund II included 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. Fund II also includes significant participation from the general partner and members of Turnspire’s executive operator network.
Since its inception in 2013, Turnspire has invested over $180m in control investments across nine platform companies. In Fund II, the firm will continue targeting complex transactions involving North American lower middle-market industrial and consumer businesses with revenues between $50m and $400m.
The firm is led by Founder and Managing Partner Ilya Koffman.
