Turning Rock
Venture debtNew York · 21 people tracked
Also known as Turning Rock Partners, L.P.
Investment thesis
Turning Rock Partners provides creative, customized capital solutions to companies operating in complex private markets. The firm believes a challenging macroeconomic environment, ongoing market volatility, and rising complexity are creating a growing supply of financing opportunities. Its approach emphasizes value orientation, differentiated sourcing, bespoke capital solutions, creative structuring, a flexible mandate, and a defined path to liquidity. TRP positions itself as a provider of private credit and structured financing rather than a traditional equity-focused venture fund.
Source: firm website, verified Aug 6, 2026.
Team · 21 people
from the firm's website
What they invest in
from 1 of 3 portfolio companiesHardware ×1Logistics & Supply Chain ×1
HQs:Ireland×1
Investments · 3 tracked
founders shown can be your intro pathSMFL Helicopters is a global helicopter lessor that provides flexible financing and leasing solutions for mission-critical rotorcraft operations.
HardwareLogistics & Supply ChainDublin, IE
Fund performance · per public LP disclosures · 3
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Turning Rock Fund IIILPs: Chicago Teachers' Pension Fund | 2024 | — | — | 1.07x | 0.44x |
| Turning Rock Fund IILPs: Michigan Municipal Employees' Retirement System, District of Columbia Retirement Board, Chicago Teachers' Pension Fund | 2021 | — | — | 1.19x | 0.44x |
| Turning Rock Fund ILPs: Michigan Municipal Employees' Retirement System, Chicago Teachers' Pension Fund | 2018 | — | 11.8% | 1.20x | 1.03x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- What sectors does Turning Rock focus on?
- Turning Rock focuses on Sector Agnostic.
- Where is Turning Rock located?
- Turning Rock is headquartered in New York, US.
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