Frequently Asked Questions
For Funds:
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.
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 fund 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.
Turbine partners with seasoned funds led by repeat managers who have a proven track record of success. Turbine requires high-quality data on underlying collateral.
We are developing a GP-specific lending product. Please contact us for more information
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 funds we are partnered with. Encourage your GP to contact Turbine for more information.
Turbine does not charge any fees to the fund.
We are developing a NAV lending product for venture funds. Please contact us for more information.
