Turning Rock Partners

350 Madison Avenue
New York, NY 10017

Website: turningrockpartners.com

Firm Size

• Assets Under Management (AUM):$1.1 Billion
• Number of Funds:11
• Employees:17
• Firm Type:Private Equity
• Focus Areas: Software & Technology
  Services
  Healthcare
  Energy
  

Description

Turning Rock Partners, L.P. is a private investment firm based in New York, NY. The firm specializes in providing strategic capital and support to companies across various industries, with a focus on distressed and undervalued opportunities. Turning Rock Partners aims to create long-term value for its investors by leveraging its extensive industry knowledge and operational expertise. The firm adopts an opportunistic approach to investing, seeking out companies that have the potential for significant growth and value creation. They also actively identify distressed or underperforming businesses that can benefit from their operational and financial restructuring capabilities. Turning Rock Partners works closely with management teams of their portfolio companies to help drive operational improvements and implement strategic initiatives that enhance profitability and growth. They provide not only financial capital but also operational support and strategic guidance to their portfolio companies. The firm's investment strategy spans various sectors, including energy, real estate, financial services, healthcare, and technology. They take a flexible approach to capital deployment, investing across asset classes and throughout the capital structure. This flexibility allows Turning Rock Partners to adapt to a wide range of investment opportunities and maximize the potential returns for their investors. In summary, Turning Rock Partners, L.P. is a private investment firm based in New York, NY, specializing in providing strategic capital and support to distressed and undervalued companies across multiple industries. With its operational expertise and flexible investment approach, the firm aims to create long-term value for its investors by driving operational improvements and implementing strategic initiatives in its portfolio companies.

Latest News

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Apr 02, 2024: Turning Rock Partners Provides Growth Expansion Financing for Hivelocity and Colohouse Merger
Turning Rock Partners ("TRP" or "Turning Rock"), a private investment firm based in New York , announced the closing of a $70 million expansion financing to support the merger of Hivelocity and Colohouse, a leading provider of colocation, cloud, bare metal, hosting and data services for a diversified set of customers. Existing shareholders also participated in the new round of capital. The combined business will feature more than 40 data center locations and will be headquartered in Tampa, FL.

Dec 19, 2023: Turning Rock Partners Provides Growth Investment to Best Friends Pet Care
Turning Rock Partners ("TRP" or "Turning Rock"), a New York -based private investment firm, has provided a growth investment to Best Friends Pet Care (the "Company"). Best Friends Pet Care is a high growth, privately held business headquartered in Norwalk, CT with a geographically diversified portfolio of pet care facilities. The Company was founded in 1995 with the goal of providing first-class pet care to fully accommodate evolving pet parent needs.

Nov 29, 2023: Turning Rock Partners Appoints Ahmad to President
Turning Rock Partners ("TRP" or "Turning Rock"), a New York -based private investment firm, has appointed Partner and Chief Operating Officer Saba Ahmad to the newly created role of President.

Apr 28, 2023: Turning Rock Partners Funds Secured Debt as Part of Growth Capital Round in MedShift
Turning Rock Partners ("TRP" or "Turning Rock"), a private investment firm based in New York , announced the close of a $45 million senior secured credit facility to support the medical technology solutions provider MedShift. MedShift is a founder owned and led company based in Charlotte, NC and founded in 2015. 

Apr 06, 2023: Turning Rock Partners Hires New Senior Vice President of Investor Relations
Turning Rock Partners ("TRP" or "Turning Rock"), a New York -based private investment firm, has hired Guantong "GT" Sun as its new Senior Vice President of Investor Relations. Mr. Sun has 15 years of experience in building effective teams and robust operational processes enabled by data, analytics, and technology.