Turnspire Capital raises $275m for Fund II

Turnspire Capital Partners, a PE firm specializing in lower middle-market industrial and consumer businesses, has successfully closed its Turnspire Value Fund II, reaching its maximum capital commitment of $275 million. Since its establishment in 2013, Turnspire has deployed over $180 million in controlling investments across nine platform companies. The newly closed Fund II will enable Turnspire to continue its strategic focus on businesses with revenues ranging from $50 million to $400 million.

The fund garnered support from a diverse array of institutional investors in North America and Europe, including pension funds, endowments, foundations, asset managers, funds of funds, family offices, and high-net-worth individuals. Notably, Fund II boasts significant involvement from the general partner and members of Turnspire's executive operator network, underscoring confidence in the firm's investment approach.