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Eaton Partners Serves as Exclusive Placement Agent for $400 Million Private Equity Fund

Eaton_Turnbridge PressReleaseSept2014 (PDF version of release)

 

FOR IMMEDIATE RELEASE

 

Eaton Partners Serves as Exclusive Placement Agent for $400 Million Private Equity Fund

 

Turnbridge Capital Partners’ debut fund targets products and services for the upstream, midstream and downstream energy sectors –

 

Rowayton, CT, September 3, 2014 – Eaton Partners (“Eaton”), a leading independent global fund placement agent, is pleased to have served as the exclusive placement agent for the first institutional fund managed by Turnbridge Capital Partners. The fund will invest alongside experienced management teams who lead companies, primarily in the middle market, that provide services and manufactured products to the upstream, midstream and downstream energy sectors.

The fund, Turnbridge Capital Partners I, L.P., was oversubscribed and closed at its hard-cap with $400 million in commitments versus a target of $350 million. Capital commitments came from a diversified group of institutional investors including endowments, foundations, family offices and pension funds. The fund held its final close within six months of launch.

Turnbridge Capital Partners was founded in 2008 and is led by six partners with extensive experience in the energy industry.

”Turnbridge has one of the best and most experienced investment teams we have seen in the energy services industry,” said Jeff Eaton, Partner at Eaton Partners. “The strong institutional demand for the fund demonstrates the confidence that investors have in this team and the opportunity that exists in the energy services space. We are proud to be a partner in their success.”

“We are gratified to become partners with such a strong, new group of institutional investors and we are very thankful to have had Eaton as our partner,” said Todd M. Tomlin, co-founder of Turnbridge.  “Without question, Eaton’s investor intelligence and experience helped to make our raise more efficient and successful.”

About Eaton Partners

Founded in 1983, Eaton Partners is one of the oldest, largest and most experienced fund placement agents in the world, having raised more than $58 billion across 82 highly differentiated funds. With over 55 professionals across offices in North America, Europe and Asia, the firm raises institutional capital for investment managers across a full range of alternative strategies – private equity, real assets, real estate and hedge funds/liquid products. Eaton Partners is currently in the market with funds whose strategies include: real estate, energy, timberland, agriculture, growth equity, sector-specific and general buyout, credit/special situations, long/short equity, operational activist, and fund-of-funds. Partnering with a select number of the highest-quality fund managers, Eaton Partners has represented some of the most innovative funds of the last two decades. With extensive institutional relationships, deep sector knowledge, fresh insights and a partner-driven approach, Eaton Partners is dedicated to every client’s success.

Eaton Partners, LLC, is a Registered Broker-Dealer and a member of FINRA (www.FINRA.org), and is also registered as an Introducing Broker with the Commodity Futures Trading Commission and member of the National Futures Association (NFA) and SIPC. Eaton Partners (UK) LLP is authorized and regulated by the Financial Conduct Authority (FCA). Eaton Partners Advisors (HK) Limited is approved as a Type 1 License company under the Securities and Futures Commission (SFC) in Hong Kong. Eaton Partners and the eaton partners logo are trademarks of Eaton Partners, LLC, a limited liability company ® Eaton Partners, LLC, 2014. To learn more, please visit www.eatonpartnersllc.com.

 

For more information, please contact:

Zach Kouwe/Alison Ziobro

Dukas Public Relations

(646) 808-3665/(646) 808-3653

[email protected][email protected]

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