Turn/River Capital, a San Francisco, Calif. — based technology growth equity and buyout firm, closed its fourth fund, Turn/River Capital IV, at $420m.
Fund IV was completed with a single closing for institutional investors in less than 90 days. With Fund IV, Turn/River aims to continue to execute its strategy of investing in growing, efficient technology companies.
The firm seeks to provide flexible capital to fund growth, liquidity, and acquisitions for bootstrapped companies, spin-outs, and roll-ups, and it combines this capital with a proprietary operating team that can help portfolio companies accelerate sales, marketing, and product development. Turn/River focuses on software and SaaS companies and has made 17 investments since its founding in 2012.
With Fund IV, the firm has over $700 million in assets under management.