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Adviser Profile

As of Date 03/27/2024
Adviser Type - Large advisory firm
Number of Employees 5
of those in investment advisory functions 5
Registration SEC, Approved, 1/2/2014
AUM* 319,588,935 -2.79%
of that, discretionary 319,588,935 -2.79%
Private Fund GAV* 305,927,938
Avg Account Size 24,583,764 -2.79%
SMA’s Yes
Private Funds 5
Contact Info 214 xxxxxxx
Websites

Client Types

- Pooled investment vehicles
- State or municipal government entities

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
766M 657M 547M 438M 328M 219M 109M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count5 GAV$305,927,938

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Brochure Summary

Overview

A. The Adviser is a private equity firm with office in Dallas, Texas which invests in providers of services and manufactured products who market to the upstream, midstream and downstream sectors of the energy industry, and also to those who design, construct and/or operate related hydrocarbon infrastructure. The Adviser provides investment advisory services on a discretionary basis to portfolio company investment limited partnerships including single portfolio companies, private funds (specifically, Turnbridge Capital Partners I, L.P.; Turnbridge Capital Partner I-A, L.P.; Turnbridge Network Investors I, L.P.; TCP Brigade CIV, L.P.; and TCP Probe CIV, L.P.) and a Separately Managed Account (“SMA”), (each, a “Partnership,” and together, the “Partnerships”). The Adviser was formed in December 2007 and is led and managed by its 4 Partners, each of whom has 10 to 40 years of direct industry experience and most of whom have the benefit of a decade or more working together. Kent Sweezey and Mitch Cox have worked closely together for approximately 15 of their past 22 years together. John Clarke has known and or worked with Mitch Cox for 14 of the past 24 years and has been investing with or working directly with Turnbridge for the past six years. Robert Horton has worked with Kent Sweezey for 15 of the past 23 years. The team is known within the industry as deeply experienced, trustworthy, good investors, team-builders and particularly skilled at driving value within their portfolio. Inclusive of the Partners, the Adviser currently has 4 investment professionals and is expected to be managed and supported
by up to approximately 4 professionals. Each Partner delivers specific contributions to the success of the Firm and to its individual portfolio companies, and fulfills specific roles in managing and leading the Firm. B. Critical to its investment philosophy, Turnbridge seeks to invest alongside superior operating management teams, most often as their company’s first institutional investor and partner, to assist in the pursuit of shared strategic growth and value creation objectives. In addition, Turnbridge will partner with experienced management teams with established track records in specific industries to complete formation acquisitions and execute platform build-up strategies. From its office in Dallas, Turnbridge considers investment opportunities in a range of industries, including energy and infrastructure, industrial manufacturing and services, and transportation and distribution. Our founding partners have each spent their entire careers in the southwest region of the U.S., and our expanding investment team has experience across a diverse set of industry sectors and economic cycles. C. As stated above, Turnbridge sponsors its Partnership clients for the purpose of raising investment capital to invest in portfolio companies that meet its investment objective. In addition, Turnbridge also follows the strategy stated above when providing advisory services to its private fund and SMA clients. D. The Adviser does not participate in wrap fee programs. E. As of December 31, 2023, the Adviser managed $319,588,935 in discretionary portfolios.