Creative Capital Solutions in Complex Markets
Driven by creativity, diversity, and unparalleled expertise
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.
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
Diversity, Equity & Inclusion
We’re a minority and women-owned business enterprise based in New York
Turning Rock contributes a portion of its profits each year to a wide variety of philanthropies as it believes firmly that giving back is part of our role in society. As part of its initiative to contribute a portion of its firm profits to causes which promote positive impact-driven missions, Turning Rock has participated in several terrific initiatives and also volunteers on a frequent basis.
Where to Find Us
The Institutional Limited Partners Association (ILPA) today announced the founding signatories of its newly launched Diversity in Action Initiative.
Uniting the nation’s leading business diversity organizations, the 2020 NBIC Unity Week is a celebration of diversity, opportunity, equity, and collaboration among the leading business organizations that constitute the National Business Inclusion Consortium (NBIC).
Rima Roy featured on the UMA Show to discuss her career transition with Rita Kakati Shah, CEO of UMA Global and a Senior Advisor for Turning Rock Partners
Turning Rock Partner David Markus shared views at the ReedSmith Webinar on Structured Equity: Opportunities through flexible financing
The interactive discussion centered on structured capital solutions and opportunities in the private and public markets.
Private Equity Wire’s PEWlive North America COO/CFO Summit 2020 moved online over three days during which leading practitioners debated a range of operational issues facing GPs in an increasingly competitive marketplace.