<ul><li>Turbine, a debt platform for limited partners in private equity and VC, has raised $22 million in equity funding.</li><li>The company offers a credit product allowing limited partners to borrow funds secured by their LP position in venture funds.</li><li>Turbine has also secured up to $100 million in debt from Silicon Valley Bank to support its loan making.</li><li>The interest rate on the loans is currently around 9%, providing liquidity to LPs without giving up on the future upside.</li></ul>

Turbine raises $22M to help VC investors get cash without selling their stakes

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