# Turning Rock Partners

Turning Rock Partners is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2017
- **Assets under management:** Undisclosed
- **Website:** www.turningrockpartners.com

## Regulatory record

- **CRD number:** 287608
- **SEC file number:** 801-111986
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-03-30T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/287608

## About

Turning Rock Partners is an SEC-registered investment adviser in New York, NY, registered since 2017. The firm manages $1.4 billion in regulatory assets under management, with $1.4 billion discretionary. It has 21 employees and 12 investment advisers.

## Sectors

- Private Credit
- Secondaries & Special Situations

## People

- Maggie Arvedlund — Founder & CEO

## Questions

### Who runs investment decisions at Turning Rock Partners?

Maggie Arvedlund, the founder and CEO, leads the investment committee. She previously invested in special situations at Fortress Investment Group and Drawbridge, a KKR affiliate. The firm operates a lean structure with Arvedlund as the central decision-maker.

### What types of businesses does Turning Rock Partners target?

Turning Rock focuses on North American lower-middle-market businesses generating $5 million to $25 million in EBITDA. Target sectors include business services, industrials, healthcare, and consumer, with a preference for profitable, established companies that sit between the reach of regional banks and the thresholds for broadly syndicated debt.

### Is Turning Rock Partners a fund or an investment firm?

Turning Rock operates an open-ended private investment vehicle rather than a series of closed-end funds with fixed lifespans. This structure allows the firm to hold investments for 3 to 7 years without forced exit timelines, distinguishing it from most private credit and special-situations peers who face pressure to return capital to limited partners on a set schedule.

## Related profiles

- [Turning Ideas](https://altss.com/profile/turning-ideas)
- [Turnout Capital Management](https://altss.com/profile/turnout-capital-management)

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Last updated: 2026-06-03T20:00:00.000Z

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