Turn/River Capital

Turn/River Capital

Invests in lean, tech, web companies

Overview

Turn/River Capital is a technology-focused private equity fund that makes growth equity investments, buyouts, recapitalizations, and spin-outs in small-scale technology and web companies. It works by providing capital plus hands-on operating support, with active involvement from partner and former CEO Dominic Ang to help management optimize go-to-market strategies, accelerate growth, and improve profitability through lean operations and web-enabled distribution. The firm positions itself as the bridge between venture capital and traditional private equity, targeting companies that are too capital-efficient for VCs, too small for PE, and too messy for strategics. The goal is to help these lean, web-focused companies scale profitably and reach meaningful exits or sustained growth.

About Turn/River Capital

Simplify's Rating
Why Turn/River Capital is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Venture Capital

Financial Services

Company Size

51-200

Company Stage

N/A

Total Funding

$404.2M

Headquarters

San Francisco, California

Founded

2012

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Simplify's Take

What believers are saying

  • Fund VI oversubscription signals strong LP demand for Turn/River's software-buyout strategy.
  • SolarWinds' April 16, 2025 take-private gives Turn/River a large cash-flowing platform.
  • StarLIMS and SolarWinds expand exposure to compliance-heavy, sticky enterprise software customers.

What critics are saying

  • SolarWinds' Sunburst legacy still haunts Turn/River, despite SEC settlement talks in 2025.
  • Fund VI relies on buying mature software, exposing Turn/River to slower growth exits.
  • If SolarWinds or StarLIMS underperform, Turn/River's operating-intensive model loses its edge fast.

What makes Turn/River Capital unique

  • Turn/River closed a $2.5 billion Fund VI on March 19, 2025.
  • Its growth-engineering playbook breaks software revenue into funnels, conversions, pricing, and expansion.
  • January 13, 2026 StarLIMS investment shows preference for operational control over passive financial engineering.

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Funding

Total Funding

$404.2M

Above

Industry Average

Funded Over

0 Rounds

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Unlimited Paid Time Off

401(k) Retirement Plan

Paid Parental Leave

Commuter Benefits

Remote Work Options

Company News

Business Wire
Feb 8th, 2025
SolarWinds to Be Acquired by Turn/River Capital

SolarWinds Corporation (NYSE:SWI) (“SolarWinds” or the “Company”), a leading provider of simple, powerful, secure observability and IT management soft

Business Wire
Nov 30th, 2023
ThinQ Raises $24M to Expand Leading API-Driven Communications Platform as a Service

ThinQ, a pioneer in cloud-based communications software as a service, today announced that it has raised $24 million in financing, led by Turn/River C

Orrick
Jan 11th, 2023
Orrick Advises on Redwood Software’s Acquisition of Tidal Software

Turn/River Capital, a software investment firm, invested in Redwood Software in 2021.

Washington City Paper
Apr 6th, 2022
Turn/River Capital acquired Tufin Ltd. for $570M on Apr 6th 22'.

Tufin Software Technologies Ltd. (NYSE - TUFN) Under the terms of the agreement, Tufin will be acquired by Turn/River Capital.

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