SAN FRANCISCO, March 2025 — Turn/River Capital, a leading software private equity firm, announced today the closing of Turn/River Capital Fund VI (“Fund VI”) with $2.5 billion in total commitments. Fund VI was oversubscribed, hitting its hard cap with strong demand from existing and new limited partners. Turn/River Capital Fund V, a $1.35 billion fund completed in 2022, was similarly oversubscribed.
“We are honored by our partners’ trust in us,” said Dominic Ang, Founder and Managing Partner of Turn/River. “With their tremendous support we will continue to build on our growth engineering strategy that we believe creates enduring value for our portfolio companies, investors and the team here at Turn/River.”
Turn/River was founded on the belief that software investing is best done by a team of equal parts investors and operators that work side-by-side with portfolio companies to build sustainable, growing businesses. Turn/River has a concentrated portfolio of 19 platform companies, 14 of which have been realized. Most recently Turn/River sold Redwood Software to Vista Equity Partners and Warburg Pincus in December 2024 and signed a definitive agreement to take SolarWinds private for $4.4 billion in enterprise value in February 2025.
“We are energized by the strong and quick support from our long-standing partners and are excited to welcome new investors from across the globe,” said Alexandra Kessel, Head of Investor Relations at Turn/River. “Over the past year we’ve reached new milestones together, and we remain focused on delivering even greater outcomes in Fund VI.”
