Turnbridge Capital, LLC

Turnbridge Capital, LLC, based in Dallas, Texas, is a registered investment adviser specializing in private equity investments within the energy industry. Established in December 2007, Turnbridge manages discretionary portfolios for limited partnerships, private funds, and separately managed accounts. The firm's four partners, with extensive industry experience ranging from 10 to 40 years, lead and manage the firm. Turnbridge focuses on investing in companies that provide services and products to various sectors of the energy industry, emphasizing shared strategic growth and value creation objectives. The firm typically invests in up to three new platforms annually, with equity commitments ranging from $30 million to $50 million per platform. Turnbridge prioritizes transparency in capital structures, limiting leverage and targeting companies with positive EBITDA histories. The firm's investment strategy involves conservative valuation methodologies and active governance control to drive value within its portfolio companies. Turnbridge manages over $328 million in discretionary portfolios as of December 31, 2022. The firm's fee structure includes management fees based on total limited partnership commitments and carried interest distributions after investors receive a return of capital and a preferred return. Turnbridge does not participate in wrap fee programs and emphasizes equitable treatment of all clients. The firm's Code of Ethics ensures fair personal securities trading practices, and its Proxy Policy guides proxy voting decisions in the best interest of clients. Turnbridge does not generally hold public equity securities and has not been involved in any material legal or disciplinary events in the past ten years.