Turbine operates a lending and underwriting platform that allows general partners and limited partners to borrow against existing fund investments, unlocking otherwise illiquid capital. The platform leverages machine learning and data science to accelerate underwriting, compressing months of manual work into days. Turbine offers LPs options to access portfolio value without reducing exposure, and to leverage existing investments for new commitments or to meet capital calls. The company plans to use its new equity capital to fully deploy a warehouse line and expand its data science team. Turbine is targeting rapid onboarding of seasoned funds led by repeat managers with strong track records. The company is based in Santa Monica, California, and its founding team includes veterans from Silicon Valley Bank, City National Bank, and multiple fintech firms.

Total raised

$113M

Funding rounds

2

Latest round

Debt Financing

Latest activity

Apr 2025