Turn/River Capital rakes in $168m

The San Francisco-based investment firm closes 'significantly oversubscribed' third fund.

San Francisco-based Turn/River Capital held a final close of its third buyout and growth equity fund at $168 million.

Turn/River Fund III, which the firm said was “significantly oversubscribed,” will bet on growing technology companies, aiming to generate value through operational improvements.

Founded in 2011, the firm has made 12 investments in portfolio companies across its first two funds.