Turbine Finance - Unlocking Liquidity for Venture Investors

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The market shifted. Your options haven’t.

Companies stay private longer

Unicorns now stay private for more than 10 years on average.

Exit markets are slow

Exits are recovering but stay well below historical norms. Thousands of private companies have no clear path to liquidity.

Capital calls come before returns

Funds deploy over 3–5 years but return capital over 8–12. Investors can face calls from several new funds before the first fund pays back.

Liquidity without the exit.

Borrow against your positions instead of selling them. A secondary sale ends your position. A Turbine loan gives you cash and keeps the position, and its upside, in your name.

	Secondary sale	Turbine loan
Ownership	Sold	You keep it
Future upside	Goes to the buyer	Up to 100% stays with you
Cost	Often a 40–60% discount to NAV	Interest plus an origination fee
QSBS	At risk	Untouched
Tax	Usually a taxable event	Generally not a taxable event¹

¹ Consult your tax advisor.

Watch the video 1:39

Borrow as a GP, a Fund, or an LP.

For GPs

Personal GP Loans

Personal credit backed by your carry, including financing for your GP commitment. The loan is to you, not your fund.

Explore Personal GP Loans

For Funds

NAV Loans

Your fund borrows against its portfolio to invest further in its best companies, even after it is fully called.

Explore NAV Loans

For LPs

LP Loans

A credit facility backed by your existing funds. Meet capital calls and keep your allocation targets without selling positions.

Meet capital calls
Maintain allocation
Leverage wealth

50–75%of principal is a typical advance

Explore LP Loans

How it works.

We underwrite your position
Turbine underwrites your fund position or your carry using data science and machine learning.
See your borrowing power
GPs and LPs log in to a secure portal to view their borrowing power based on current fund NAV.
Apply and access cash
Apply for a loan in minutes and access cash quickly.