Final closing of Turnstone Private Equity Fund I

Final closing of Turnstone Private Equity Fund I

Turnstone Private Equity is delighted to announce that that it has successfully held a final close at NOK 1.7bn, above target. The fund is well underway having closed ten investments across secondaries, primaries and co-investments in partnership with top managers across Western Europe.

Turnstone Private Equity Fund I (TPEF I) is Turnstone’s maiden fund managed by an experienced team of six investment professionals with 15-20 years of prior investment experience in European private equity. The fund will continue the team’s successful investment formula combining short-term distribution potential with long-term value creation by building a portfolio of exceptional opportunities across the private equity opportunity set.

The portfolio will include positions in mature buyout funds acquired in the secondary market, commitments to high calibre primary funds, participation in Continuation Vehicles, Top-Up Funds, Fund Re-Openings and Co-Investments. TPEF I typically invests tickets between 5-20 MEUR across all Western European geographies and a range of strategies including buy and build, sector specialists, local and regional champions, or niche growth strategies.

Turnstone is absolutely delighted and grateful for the strong support received by our investors. In return, we offer the full energy and commitment of our team in creating the best fund vintage of 2023.

3840 2160 Turnstone
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