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Turbine Emerges from Stealth with $121M+ in Growth Funding to Unlock Liquidity for Private Equity and Venture Capital Investors

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New Capital Will Power the Launch of Turbine’s Loan Platform; Silicon Valley Bank to Provide up to $100M Warehouse Facility

SANTA MONICA, Calif., April 4, 2025 /PRNewswire/ — Turbine Finance Corp. (“Turbine”), a liquidity platform driven by data science that provides credit facilities to venture investors, today announced it has raised $13 million in Series A funding co-led by Alpha Edison and TTV Capital and joined by Fin Capital, B Capital, and Sozo Ventures. This investment, in addition to the company’s previously unannounced $8.75M in Seed funding, brings Turbine’s funding raised to $21.75 million. The company also announced it has secured up to a $100 million warehouse facility from Silicon Valley Bank (SVB), a division of First Citizens Bank, to provide general partners and limited partners the option to borrow against their existing fund investments, unlocking capital that has historically been inaccessible. The warehouse facility, combined with Turbine’s Seed and Series A funding, brings the company’s total financial backing to $121.75 million.

“The broader private equity market, inclusive of venture and real estate funds, accounts for more than $13 trillion in capital globally. Substantially all of this capital base is locked away in illiquid general and limited partnership positions,” said Mike Hurst, Founder and CEO of Turbine. “Venture capital and private equity returns are among the highest of any asset class, but liquidity has been extremely limited and unpredictable. By empowering alternative asset investors to access their capital on their own schedule, Turbine will unlock increased investment to high performance funds. We are proud to bring this solution to market with the backing of world-class fintech investors, and with the guidance and partnership of Silicon Valley Bank.”

With Turbine’s lending platform, private equity and venture firms can offer LPs access to the value of their portfolio investments without reducing exposure to these positions. LPs will also have the option to leverage existing investments to make new commitments – to new fund vintages or SPV allocations – and to fulfill capital calls for existing commitments. Turbine partners directly with firms to underwrite and secure portfolios, allowing for seamless and cost-effective lending. Turbine’s first-of-its-kind underwriting platform leverages machine learning and data science to complete months of manual processes in days. Data insights produce accurate and insightful results on fund performance and monetary value for underwriting teams. 

“Investors have long had to manage the trade-off between outsized returns and flexible liquidity. Turbine breaks this tradeoff. With Turbine, investors will benefit from the same set of leverage and liquidity tools found in public markets and real estate,” said Nate Redmond, Managing Partner at Alpha Edison. “We are thrilled to solve this challenge for the venture ecosystem and to create the foundation for the future of private assets. The team at Turbine, whom we have come to know and trust over the past decade, is uniquely suited to solve this problem at scale.”

Turbine’s founding team and advisory board has decades of expertise in financial services and venture capital, including previous experience at Silicon Valley Bank, City National Bank, and multiple fintech companies. The company is led by Mike Hurst, a repeat fintech founder, startup advisor, and investor who previously served as founder and CEO of Exactuals, the global payments leader for the entertainment industry.

“Our investment approach has always been to identify the problem first, and then seek out companies that are working on a solution,” said Gardiner Garrard, Co-founder and Managing Partner at TTV Capital. “That’s exactly what Mike did with Exactuals when we invested over a decade ago, and it’s the same playbook that he’s using today. The founding team at Turbine has a proven track record of success, and we’re confident in their ability to bring their liquidity platform to market and scale the business.”

“Through its innovative lending platform, Turbine is helping venture investors address liquidity challenges by allowing funds to provide flexibility to their investors,” said Brian Foley, Market Manager of Warehouse Lending at Silicon Valley Bank. “SVB is thrilled to continue our strong relationship with Turbine, and we look forward to helping it succeed and scale since the team provides a critical resource for private equity and venture firms.”

Turbine’s infusion of equity capital will be used to fully deploy its warehouse line as well as expand the company’s data science team, allowing the venture ecosystem to leverage unique insights. The company aims to rapidly onboard seasoned funds led by repeat fund managers with strong track records. Venture capital firms interested in offering Turbine’s platform to their LPs and GPs should visit www.turbine.co.

About Turbine
Turbine Finance Corp. is a liquidity platform driven by data science working to unlock $13 trillion in capital currently stored in LP and GP positions globally. Founded by venture investors and venture bankers who have directly experienced the challenges of inaccessible capital, the company works with investment firms to unlock on-demand liquidity. Turbine is proudly based in Santa Monica, California. For more information, please visit www.turbine.co.

Media Contact: Jennifer Zimmerman, jen@zenithcomms.com

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SOURCE Turbine Finance

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TeamLogic IT Honors Top Franchisees, Brings Leading Industry Experts Together at TeamLogic IT Owners Summit Convention

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October 21, 2026

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MISSION VIEJO, Calif., Oct. 21, 2026 /PRNewswire/ — TeamLogic IT, a national provider of managed IT services and technology support, celebrated the achievements of its franchise network at the company’s annual Owners Summit and Vendor Show, held October 5-8, 2026. The event brought together TeamLogic IT franchisees, vendors and partners for a week of learning, collaboration and connection, culminating in the recognition of the network’s top-performing franchisees.

“One of the things that makes TeamLogic IT so special is the strength of our franchisee community. Our TeamLogic IT franchise owners represent the very best of the managed services industry,” says Richard Lowe, president and CEO of TeamLogic, LLC. “Owners Summit gives us the opportunity to come together, exchange ideas and celebrate what we’ve accomplished as a network. Recognizing our top-performing owners is always a highlight. Their leadership and commitment to delivering high-quality technology solutions are helping drive our network forward and strengthen the TeamLogic IT brand nationwide.”

The sold-out vendor exhibition featured more than 70 leading companies in the technology industry, including Pax 8, the conference’s signature sponsor, Bitdefender, Blackpoint, Cytracom, Sophos, Kaseya, N-able, NinjaOne, Proofpoint, Rewst, Slide and more.

At a closing ceremony, the following awards were presented:

Franchisee of the Year: Arti Dutt – West Northridge, CA

Rookie of the Year: Reese Verschelde and Corey Gisondi – Bryn Mawr, PA

Technician of the Year: Federico Hansen – N. Palm Beach, FL

VIP (Volume Increase Percentage)
Larry Anderson and Tony Anderson – Montgomery, ALSteve Anderson – Johns Creek, GATop 15 (Based on 2025 sales)
Jim Hackett and Andrew Hackett – Woburn, MATodd & Linda Harrell – Morris Plains, NJTodd & Ruth Tolly – Santa Rosa, CAPaul Behrman & Nadia Pukhova – Lake Forest, CACory & Kathleen Boxall – Ashburn, VARob Fallows & Chris Kasten – Phoenix, AZKirk Gramoll and John Halama – Germantown, WICindy McPike, Cameron Nelson, and Jacob Harrington – Salem, ORBob Roloff – Ft. Myers, FLDwight & Allison Blankenship – Columbus, OHRick Higgins – Dunwoody, GADan & Becky Thomas – Durham, NCScott Daniels – Naples, FLEric Summers – Des Moines, IARandall Wilson – Decatur, ALMillion Dollar Club
Kyle Temple – Richmond, VAJeremy Mason – East Madison, WIJoseph & Joyce Tauras – Manchester, NHSandeep Kaushal – Vernon, CTJim & Mikki Young – Lake Arlington, TXSteve & Jamie McGlumphy – Aurora, ILMike Treiser and Danny Ramey – Denver West, COMayank & Jaimini Patel – Niles, ILAllen Chu – White Plains, NY

About TeamLogic IT
TeamLogic IT is a national provider of advanced technology solutions for companies of all sizes. Local offices provide clients with the IT support they need to run their businesses more efficiently by leveraging the latest technology solutions, including managed IT services, cybersecurity, business continuity, cloud, co-managed IT services, managed AI, and consulting and support. With more than 350 independently owned and operated locations across North America, TeamLogic IT helps companies minimize downtime, improve productivity and secure their IT infrastructure. Visit www.teamlogicit.com or www.TeamLogicFranchising.com for more information on the TeamLogic IT franchise network.

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SOURCE TeamLogic, LLC

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Mili and Egnyte Partner to put Client Documents to work in Financial Advice

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October 21, 2026

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The partnership brings Egnyte’s secure content platform and Mili’s AI agents together, so advice firms can deliver more comprehensive, personalized advice at scale.

SUNNYVALE, Calif., Oct. 21, 2026 /PRNewswire/ — Mili, an AI platform for wealth management firms, and Egnyte, a leader in secure content collaboration, intelligence, and governance, today announced a partnership that brings Mili’s AI agents to client documents in Egnyte. Advisors work from a file or a whole client folder alongside data from the firm’s CRM, portfolio and planning systems, under each advisor’s Egnyte permissions.

Kitces Research finds that reviewing client documents is the most common way advisors use AI. Its productivity research puts a new financial plan at 15 to 40 hours of team time.

Advisors use Mili’s agents to model the tax cost of moving a client’s accounts into the firm’s strategy, weigh a rebalance against unrealized gains, summarize a bonus agreement and build a financial snapshot from a statement. The agents link answers to their sources and flag what an analysis may still need.

David Ringler, Managing Director at Onyx Bridge Wealth Group ($1.6B+ AUM), said, “Egnyte and Mili are two valuable pieces of technology in our stack, and bringing them together has changed how our practice runs. Mili’s meeting prep and planning agents have become significantly better with Egnyte data behind them.”

Chirag Gandhi, Co-Founder and CEO of Mili, said, “How many clients an advice firm can serve well has long been capped. It is set by the work of understanding each client’s financial life. Agentic AI is changing that, helping advice firms uplift client capacity by accelerating the delivery of high-quality advice.”

Kyle Blair, Director of Global Financial Services at Egnyte, said, “Egnyte helps financial services firms accelerate critical business operations by turning document-heavy tasks into faster, connected, and revenue-generating workflows. Our partnership enables Mili’s AI agents to securely access and work on customer data within Egnyte for better business outcomes.”

The integration is live for mutual customers. Building on Mili’s work with hundreds of advice firms, it aims to put a firm’s full client knowledge into its advice.

About Egnyte

Egnyte is a leader in secure content collaboration, intelligence, and governance, trusted by more than 23,000 customers to increase employee productivity, drive operational efficiencies, and secure mission-critical content. Egnyte’s AI-powered platform empowers organizations to create, share, and protect their information at scale, with specialized solutions designed to meet the unique needs of organizations in architecture, engineering, and construction (AEC), financial services, life sciences, and other industries. For more information, visit www.egnyte.com.

About Mili

Mili is an AI platform for wealth management firms. Its specialized agents automate advisor workflows across meetings, prospecting, onboarding, planning, data management, document intelligence, and compliance. Mili is SOC 2 certified, ISO 27001 compliant, and works with RIAs and broker-dealers managing $250B+ in client assets. Learn more at getmili.ai.

Media Contact

Chirag Gandhi
chirag@getmili.ai

 

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SOURCE Mili

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QUANTUM CONNECTIONS PROMOTES JAMES “JAMIE” GRIFFETH TO CHIEF OPERATING OFFICER AND DIRECTOR OF THE DIALOGUE TRAINING INSTITUTE

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40 minutes ago

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October 21, 2026

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DALLAS, Oct. 21, 2026 /PRNewswire/ — Quantum Connections® has promoted James “Jamie” Griffeth to Chief Operating Officer. Griffeth joined the organization in September of 2025 as Chief Learning Officer and will continue to serve as Director of the Dialogue Training Institute in addition to his new responsibilities.

Since joining Quantum Connections, Griffeth has focused on the organization’s learning mission. He designed a four-tier practitioner credentialing framework, architected the Quantum Dialogue Profile behavioral assessment, led the migration to a new enterprise learning management system, and built the organization’s localization pipeline—delivering that training in French Canadian with Spanish and Chinese queued as next languages.

Griffeth’s expanded role brings together organizational operations and learning leadership around multiple goals: maintaining the company’s infrastructure in ways that align with its mission, expanding the certified leadership network, and continuing to make dialogue skills easier to access, practice, and apply in everyday life.

“Jamie has earned my complete trust and admiration thorough his exceptional leadership, strategic thinking, and ability to turn vision into execution.” Said Dr. Jonathan Thorp, Chief Executive Officer of Quantum Connections. “When I asked him to success me as Chief Learning Officer, I already knew he was capable of great things. His performance has only reinforced that confidence. I’m delighted to recognize his contribution with this promotion and look forward to partnering with him as we continue building the future of Quantum Connections.”

Griffeth will continue to support Quantum Connections’ mission by preparing the company for sustainable growth while maintaining the quality and consistency of its learning experiences. By linking program delivery to assessments and evidence, Griffeth aims to use technology to expand its reach to more partners and clients, helping them understand how to apply dialogue skills and the outcomes that follow.

About Quantum Connections
Quantum Connections, founded by renowned relationship experts Harville Hendrix, Ph.D., and Helen LaKelly Hunt, Ph.D., leverages over 40 years of expertise to provide individuals and organizations with invaluable relational competency skills rooted in neuro and quantum social sciences. Quantum Connections serves small businesses, large corporations, global faith communities, educational institutions, and community organizations, as well as individuals, couples, and families, offering live and on-demand training, coaching certification, and resources to foster authentic connections through effective communication and skill development.

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SOURCE Quantum Connections LLC

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