Turn Capital

Turn Capital

Turn Capital was established in 2020 by Joseph Phua in Kaohsiung. Phua had previously founded Paktor and assumed the chairmanship of 17LIVE after its formation through the merger of Paktor and 17Media. The office manages a diversified book that includes private equity, venture capital and real assets for its principals. The firm concentrates on buyouts and growth investments in consumer technology and media. It targets companies that have scaled past initial traction yet remain unprofitable or plateaued. Turn Capital supplies both capital and hands-on operations support, with documented positions in 17LIVE, Citadao, NextApple, DefiSafety, Metub, SoundOn, Zuvio, Theodore Alexander, Flash Coffee and King's Lynn Town FC. The portfolio spans Asia and Europe. Investments take the form of direct buyouts and structured growth rounds rather than fund commitments. The team lists eight professionals in Kaohsiung. Joseph Phua serves as Chairman and Managing Partner while Shang Koo acts as Chief Financial Officer. Adjacent vehicles include the Phua and Chang Family Scholarship and Linnets in the Community. No additional offices appear in public records. Turn Capital maintains a founder-aligned buyout model that emphasizes profit-first restructuring followed by scaled exits. This structure differs from typical venture or growth funds because the office commits its own capital, installs operational partners, and sets explicit five-year exit timelines without external limited-partner pressure.