Turbine Emerges from Stealth with $121M+ in Growth Funding to Unlock Liquidity for Private Equity and Venture Capital Investors
Summary
"With Turbines lending platform, private equity and venture firms can offer LPs access to the value of their portfolio investments without reducing exposure to these positions. With Turbine, investors will benefit from the same set of leverage and liquidity tools found in public markets and real estate," said Nate Redmond, Managing Partner at Alpha Edison. "Our investment approach has always been to identify the problem first, and then seek out companies that are working on a solution," said Gardiner Garrard, Co-founder and Managing Partner at TTV Capital. "SVB is thrilled to continue our strong relationship with Turbine, and we look forward to helping it succeed and scale since the team provides a critical resource for private equity and venture firms. "Turbines infusion of equity capital will be used to fully deploy its warehouse line as well as expand the companys data science team, allowing the venture ecosystem to leverage unique insights.