Frequently Asked Questions
Turbine partners with Venture Firms to bring our offering to their LP base. Turbine lends to limited partners regardless of whether they are individuals, family offices, trusts, endowments, or other entities.
Turbine partners with Venture and Private equity firms.
Please contact us to set up a call to discuss the onboarding and underwriting process in detail. In summary, once the Firm has expressed interest in partnering with Turbine, the Firm will provide Turbine with its complete track record, financials on the underlying investments of the firm and other diligence materials to determine whether the underlying collateral meets Turbine’s credit requirements. Upon review and approval, the Firm will invite its LPs to the Turbine Borrower Portal. LPs are then able to review terms and apply for a loan.
Yes, Turbine has recently launched a liquidity solution for General Partners.
Turbine offers Investment Purpose Loans to LPs. The proceeds of the loan shall be used solely for business, commercial, or investment purposes and not for personal, family, household, or other consumer purposes.
Turbine is currently only able to lend to LPs of firms we are partnered with. Contact us for materials to share with your GP and for more information.
Turbine does not charge any fees to the firm.
Yes, Turbine has recently launched a NAV product for funds.
Currently Turbine requires loan collateral to be the LP position in a fund. We are working on a lending solution for single-company stock lending, please contact us for more information.
At this time, Turbine is only able to partner with firms and funds that are domiciled in the United States and have a primarily U.S.-based LP base. We’re actively exploring ways to expand internationally and look forward to supporting global partners in the future.
