Turn/River Capital Overview
Turn/River Capital, founded by Dominic Ang in 2012, is a San Francisco-based technology investment fund manager which has a reputation for its hands-on, operational approach.
The firm is 100% focused on B2B software, specializing in growth capital investments, buyouts, founder liquidity, spin-outs, and recapitalizations of technology, web, and SaaS companies.
Their team not only consists of investors but also software marketers, sellers, and developers.
Due to its excellence, Turn/River Capital already received recognition in the past years such as being part of Inc.’s annual Founder-Friendly Investors list and Best Place to Work by the San Francisco Business Times and Silicon Valley Business Journal.
Turn/River Capital AUM
According to most recent regulatory filings, Turn/River Capital has $2.6 billion in assets under management as of March 3, 2022.
Turn/River Capital Interview Process & Questions
Firms have the flexibility to modify their interview process with each candidate. However, there are a few things that you can expect to happen when you interview at Turn/River Capital or similar firms:
- The interview process will have 4-6 rounds
- Junior investment professionals are going to handle the initial rounds while the more senior staff conduct the later rounds
- Entire process can take several weeks – unless it’s “on-cycle” or “on-campus” recruiting
You can also expect to get a combination of fit questions, behavioral questions, and technical / investing questions from interviewers at Turn/River Capital.
If you need help getting ready for interviews, you may want to check my Growth Equity Interview Guide.
Why Turn/River Capital
Interviewers want to know why you choose to apply ‘specifically’ at their firm. That’s why the question “Why this firm” almost always comes up during interviews.
If you’ve met former or current employees of their firm, this is the best time to mention them and how they’ve made a really positive impression on you. Briefly tell the good things they told you about the firm – which gave you insights why their firm is a good fit for you.
Another way to come up with an impressive answer to the “Why this firm” question is to learn more about the firm. To do this, you can listen to interviews with the firm’s founders, investors, and management team.
This interview with Thomas Igeme, Head of Talent at Turn River Capital, is a good start:
Turn/River Capital Case Study
Technical knowledge and the ability to communicate are two crucial skills required to perform well at firms like Turn/River Capital.
To evaluate these skills, firms use case studies which focus on financial modeling and investment recommendations. However, cold calling case study may also be required for junior roles.
In case you need help with preparing for case studies, check out my Growth Equity Interview Guide.
Turn/River Capital Salary & Compensation
According to Glassdoor, the median pay for Analysts at Turn/River Capital is $111,967 per year. Meanwhile, Associates receive a median pay of $182,065 per year. These numbers already cover both the Base Pay and Additional Pay.
Keep in mind that these figures may vary depending on your level of experience and qualifications.
Turn/River Capital Careers, Jobs, & Internships
To view active job vacancies at Turn/River Capital, head over to our job board where we also feature other open roles at similar firms.
Turn/River Capital Portfolio & Investments
Based on the publicly available data of Crunchbase, here are some information about Turn/River Capital’s portfolio and investments
- Investments – 14
- Funds – 3
- Acquisitions – 3
- Exits – 8
- Portfolio Companies – Airbrake, BookFresh, PairSoft
Notable Transaction: Tufin
Tufin is a Network Security Automation Platform which allows users to stay compliant with security audits, protect against network intrusions, and drive ROI with automation.
In April 2022, Turn/River Capital purchased Tufin for $570 million just three years after the network security went public.
Tufin shareholders received $13.00 per share in cash and a premium of approximately 54% over Tufin’s one-month volume-weighted average closing price through April 2022.
After the transaction, Tufin became a private company and was no longer listed on the New York Stock Exchange.
Turn/River Capital can be a perfect fit for anyone who is interested in SaaS, technology, and innovation. Just like any firm, Turn/River Capital requires candidates to go through a series of interviews.
If you need help preparing for such interviews and increase your chances of landing a role at the firm, make sure to check out my Growth Equity Interview Guide. Inside this self-paced online course, you’ll see step-by-step lessons on case studies, valuation, and everything else you need to know to come up with impressive answers during interviews.
Get the course and start learning today!