Merger of equals with Turner Investments
Our attorneys advised private investment firm Veracen LP on its merger of equals with Turner Investments LP, the investment adviser to the Turner Funds. The transaction, which was announced in July and closed on August 23, 2016, unites Veracen’s proprietary operating platform and disciplined investment process with Turner’s existing 26-year legacy of active investing.
The combined organization will operate under the Turner name. Calling the union a “historic milestone,” Turner founder and managing partner Robert Turner, CFA, said the combined organization would renew Turner’s industry leadership position by leveraging complementary talent, capabilities and resources to focus on creating actively managed portfolios designed to provide lower volatility and stronger downside protection.