Turning Rock seeks to make long-term investments in debt and equity securities of North American small and mid-capitalization businesses. The Firm believes there is a growing supply of illiquid assets for sale in the market driven by a challenging macroeconomic environment, ongoing volatility, global bank deleveraging and increased complexity. The investment strategy seeks to fill the void that has been created by the current regulatory environment as banks have stepped away from acquiring and lending against more illiquid types of assets.
Bespoke Capital Solutions
Path to Liquidity
The Turning Rock Principles
Turning Rock adopts the following principles and objectives to guide its investment strategy:
Diversity, Preservation, & Maximized Returns
Our approach is informed by a combination of top-down capital markets knowledge, paired with fundamental equity and credit analysis. Integral in this process is the constant intellectual challenge and review of current markets. Turning Rock constructs its portfolio to offer equity-style returns with downside protection over multiple market cycles. We emphasize return of principal and inherent cash flow throughout portfolio construction and employ time-tested credit and equity research, while performing deep dive analytics on each potential investment through a combination of financial, operational, and qualitative analysis.
Diverse investment solutions from a diverse team of experts
Turning Rock’s team is composed of highly-skilled investment, operational, and administrative professionals from a wide range of backgrounds. We are proud of our team’s heritage and combined skill sets.
David Markus, CFA
COO / CFO / Partner
Stephen Spataro, CPA
Administration / Client Service
Our Impact Objective
Through our commitment to diversity and an awareness of socially responsible guidelines, Turning Rock hopes to make a positive impact in the world beyond solely financial gains. We commit to donate a percentage of firm profits to mission-driven organizations and charitable causes which are promoting gender and/or ethnic diversity. We also strive to provide matching funds for employee charitable gifts on an annual basis to groups of their choosing. In doing so, we aim to foster a healthy, productive, and socially minded workforce with a goal to building long-term value for its investors.
Turning Rock has an inherent awareness and appreciation for Environmental, Social & Governance (“ESG”) policies. Given the stage of our development, Turning Rock has established a basic set of guidelines for an internal framework. In connection with its funds, Turning Rock pledges to consider environmental, public health, safety, and social issues associated with potential investments.
We’re a minority and women-owned business enterprise based in New York
We seek to build and partner with experienced management teams in order to create and unlock long-term shareholder value, and we hope that the teams we work with find Turning Rock to be a partnership with staying power.
Have a question?
Call us at +1 212 207 2390
We are located at 400 Park Avenue, Suite 610, NY 10022, see map below for more.