New Head of Biz Development at Turnspire

Turnspire Capital Partners has hired Peter Nortrup as a Principal and Head of Business Development. Mr. Nortrup will lead Turnspire’s deal origination and marketing efforts.

“We are very excited to welcome Peter to Turnspire,” said Managing Partner Ilya Koffman. “His experience significantly expands our business development capabilities and further accelerates the firm’s momentum. With our growing team, we look forward to continuing the execution of Turnspire’s operationally oriented investment strategy focused on complex transactions.”

Turnspire invests up to $30 million in companies with revenues between $25 million and $300 million. The firm prefers companies that are underperformers and/or in need of an operational turnaround.  Sectors of interest include aerospace and defense; automotive; capital equipment; chemicals; consumer; construction and building materials; engineered products; food and beverage; industrial equipment; logistics (asset heavy); metals and metal fabrication; paper and packaging; and plastics and synthetic materials.

Mr. Nortrup joins Turnspire from Comvest Partners where, as a vice president, he originated and evaluated control equity, non-control equity, and direct lending investment opportunities. Prior to Comvest, he was with UBS’ wealth management business and began his career as an officer in the United States Air Force.  Mr. Nortrup has a MS degree in strategic management from Indiana University’s Kelley School of Business. He earned his undergraduate degree from Embry-Riddle Aeronautical University’s College of Aviation.

Turnspire is led by Ilya Koffman and is based in New York (www.turnspirecap.com).

© 2017 Private Equity Professional | November 16, 2017

Print Friendly, PDF & Email

Related Articles

KPS Names New Partners KPS Capital Partners has promoted Raquel Palmer to Co-Managing Partner, and Ryan Baker and Kyle Mumford have been promoted to Partner. KPS Capital ...
Crossplane Launched in Dallas Crossplane Capital, a new lower-middle market private equity firm, has been launched in Dallas. The new firm was founded by partners Brian Hegi and Be...
Roark Closes New Funds Roark Capital Group has completed fundraising for its two newest funds, Roark Capital Partners V LP and Roark Capital Partners II Sidecar LP, with a t...
Peloton Formed by Ex-OTPP Pros Two former managers of Ontario Teachers’ Pension Plan have launched Peloton Capital Management to invest in mid-market buyouts in Canada and the US. ...
Svoboda Adds to Team Svoboda Capital Partners has added Justin Demes to its investment team as a Principal. He will be responsible for sourcing and evaluating potential in...
Dyal Invests in American Securities Dyal Capital Partners, a division of Neuberger Berman, has made a minority non-voting investment in American Securities. Dyal’s investment in American...