Turbine Capital Private Podcast

By Tait Duryea

Welcome to the exclusive private podcast for Investor Club members.

Enjoy episodes of our monthly Hangar Talks, masterclasses, webinars, and Q&A sessions, all in a convenient format for

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FAQs about Turbine Capital Private Podcast:

How many episodes does Turbine Capital Private Podcast have?

The podcast currently has 36 episodes available.

Turbine Capital Private Podcast episodes:

May 14, 2026May 2026 Hangar Talk
Tait Duryea and the Turbine Capital team share the latest May Hangar Talk updates, including strong momentum behind the Waypoint Energy Fund and new details on Iron Horse production. The conversation also clears up common investor questions around KYC requirements, breakeven pricing, GP liability, IRA strategies, and Buddy Bidding, while giving a closer look at the Secured Income Fund and current deal flow across Turbine’s private market opportunities.
They discuss:
(0:57) Waypoint Energy and KYC updates
(3:00) Iron Horse performance and distributions
(4:05) Breakeven pricing clarification
(5:45) Well production and timing updates
(10:03) Oil pricing and hedging questions
(14:04) Waypoint underwriting approach
(17:17) GP liability concerns explained
(25:12) IRA and Roth conversion strategy
(29:07) Buddy Bidding referral program
(32:24) Secured Income Fund overview
(39:46) Waypoint deal flow update

Links & Resources:
Investor support email: [email protected]
Accounting support email: [email protected]
Turbine Capital Private Podcast:
Spotify: https://open.spotify.com/show/0IWgXJwFJY1Xiw13SfuCnZ?si=87be61dfe5fb415d
Apple: https://podcasts.apple.com/us/podcast/turbine-capital-private-podcast/id1831346026
If you have any questions, please feel free to email [email protected].
Learn more about Turbine Capital:
Website: https://www.turbinecap.com
Facebook: https://www.facebook.com/turbinecap
Instagram: https://instagram.com/turbinecapital
The information discussed in this episode is for informational and educational purposes only and should not be considered investment, tax, or legal advice. Nothing discussed in this episode constitutes an offer to sell or a solicitation of an offer to buy any securities. Any opinions expressed are those of the participants at the time of recording and are subject to change without notice. Investments discussed may not be suitable for all investors and involve risk, including the potential loss of principal. Past performance is not indicative of future results. Prospective investors should review all applicable offering documents and consult with their own financial, tax, and legal advisors before making any investment decision.
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43min
April 24, 2026Waypoint Energy | 2026 Fund Webinar
In this Waypoint Energy 2026 Fund webinar, Tait Duryea is joined by Mark Fleming and the Turbine Capital team to introduce Turbine’s new private energy vertical. They cover why oil and gas remain essential, how U.S. shale changed the global energy landscape, and why non-operative working interests may offer a compelling blend of diversification, cash flow, and tax advantages for high-income professionals.
The discussion also walks through fund structure, diligence, share classes, GP versus LP titling, expected deployment timelines, and common investor questions around risk, capital calls, production delays, and exit strategy.
They discuss:
(0:00) Launching Waypoint Energy 2026
(2:26) Mark Fleming’s oil and gas background
(3:00) Why oil and gas still matter
(9:41) How shale changed U.S. energy
(12:47) Natural gas and LNG exports
(17:12) Why non-op working interests work
(21:07) How Waypoint evaluates deals
(27:22) The 2026 fund structure
(34:48) Tax benefits for W-2 earners
(41:30) Share classes and early discounts
(43:19) GP versus LP tax treatment
(46:12) Investor questions on distributions
(50:28) Exit strategy and tax recapture
(52:24) Capital calls and risk mitigation
(67:29) When cash flow may begin
(69:23) Waypoint versus Iron Horse
Links & Resources:
Turbine Capital Events Calendar: https://www.turbinecap.com/calendar
Waypoint Energy Deal Room: https://www.turbinecap.com/waypointenergy
Investor questions, KYC, subscription documents, or accreditation support: [email protected]
Turbine Capital Private Podcast:
Spotify: https://open.spotify.com/show/0IWgXJwFJY1Xiw13SfuCnZ?si=87be61dfe5fb415d
Apple: https://podcasts.apple.com/us/podcast/turbine-capital-private-podcast/id1831346026
If you have any questions, please feel free to email [email protected].
Learn more about Turbine Capital:
Website: https://www.turbinecap.com
Facebook: https://www.facebook.com/turbinecap
Instagram: https://instagram.com/turbinecapital
The information discussed in this episode is for informational and educational purposes only and should not be considered investment, tax, or legal advice. Nothing discussed in this episode constitutes an offer to sell or a solicitation of an offer to buy any securities. Any opinions expressed are those of the participants at the time of recording and are subject to change without notice. Investments discussed may not be suitable for all investors and involve risk, including the potential loss of principal. Past performance is not indicative of future results. Prospective investors should review all applicable offering documents and consult with their own financial, tax, and legal advisors before making any investment decision.
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1h 16min
April 09, 2026April 2026 Hangar Talk
Tait Duryea and the Turbine Capital team share key investor updates in this month’s Hangar Talk, covering tax season logistics, new investment opportunities, and market insights across real estate, energy, and private credit.
They discuss:
(0:00) K-1 timelines and tax filing options
(3:24) New investor support contacts
(6:12) Upcoming conferences and investor events
(7:43) Industrial and senior living fund updates
(13:33) Secured Income Fund overview
(17:44) Stealth Point Fund 2 preview
(22:48) Waypoint Energy Fund launch
(29:41) Iron Horse tax benefits and distributions
Links & Resources:
K-1 Status Tracker: https://docs.google.com/spreadsheets/d/157HY_Jp4GrEv7F_uvuy6yBB1wssl4S2QzAvc0BJess4/edit?gid=0#gid=0
Investor support email: [email protected]
Accounting support email: [email protected]
Turbine Capital Private Podcast:
Spotify: https://open.spotify.com/show/0IWgXJwFJY1Xiw13SfuCnZ?si=87be61dfe5fb415d
Apple: https://podcasts.apple.com/us/podcast/turbine-capital-private-podcast/id1831346026
If you have any questions, please feel free to email [email protected].
Learn more about Turbine Capital:
Website: https://www.turbinecap.com
Facebook: https://www.facebook.com/turbinecap
Instagram: https://instagram.com/turbinecapital
The information discussed in this episode is for informational and educational purposes only and should not be considered investment, tax, or legal advice. Nothing discussed in this episode constitutes an offer to sell or a solicitation of an offer to buy any securities. Any opinions expressed are those of the participants at the time of recording and are subject to change without notice. Investments discussed may not be suitable for all investors and involve risk, including the potential loss of principal. Past performance is not indicative of future results. Prospective investors should review all applicable offering documents and consult with their own financial, tax, and legal advisors before making any investment decision.
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37min
March 12, 2026March 2026 Hangar Talk
Tait Duryea and the Turbine Capital team break down key investor updates in this month’s Hangar Talk, from K-1 timing and account security to energy market shifts and the upcoming Waypoint Energy Fund.
They discuss:
(0:00) Investor updates on K-1 timelines and investor portal resources
(3:49) Launch of the new Office Hours podcast for behind-the-scenes insights
(10:34) Oil and natural gas market outlook and recent price volatility
(12:13) Iron Horse Energy Fund update and expected production distribution
(20:14) Introduction to the upcoming Waypoint Energy Fund strategy
(32:18) Development progress and risk management for the Wildlight senior living project
(42:08) Demand drivers and exit potential for senior housing investments
Links & Resources:
K-1 Status Tracker:
https://docs.google.com/spreadsheets/d/157HY_Jp4GrEv7F_uvuy6yBB1wssl4S2QzAvc0BJess4/edit?gid=0#gid=0
Fellowship Wildlight Deal Room: https://turbinecap.investnext.com/portal/offerings/9681/
Turbine Capital Private Podcast:
Spotify: https://open.spotify.com/show/0IWgXJwFJY1Xiw13SfuCnZ?si=87be61dfe5fb415d
Apple: https://podcasts.apple.com/us/podcast/turbine-capital-private-podcast/id1831346026
If you have any questions, please feel free to email [email protected].
Learn more about Turbine Capital:
Website: https://www.turbinecap.com
Facebook: https://www.facebook.com/turbinecap
Instagram: https://instagram.com/turbinecapital
The information discussed in this episode is for informational and educational purposes only and should not be considered investment, tax, or legal advice. Nothing discussed in this episode constitutes an offer to sell or a solicitation of an offer to buy any securities. Any opinions expressed are those of the participants at the time of recording and are subject to change without notice. Investments discussed may not be suitable for all investors and involve risk, including the potential loss of principal. Past performance is not indicative of future results. Prospective investors should review all applicable offering documents and consult with their own financial, tax, and legal advisors before making any investment decision.
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50min
March 10, 2026Office Hours | Wildlight, Waypoint, and Oil Prices
Welcome to the first episode of Office Hours, a new series on the Turbine Capital Private Podcast where the team sits down for a candid conversation about what’s happening behind the scenes at Turbine.
In this episode, Tait is joined by TJ Johnson, Jon Yost, and Mark Fleming to talk through the questions investors have been asking most frequently over the past few weeks. The discussion covers:
What the team saw on the ground at Wildlight Senior Living and why the operator stood out
How investors are comparing Wildlight with the Industrial Growth Fund
The biggest risks and tailwinds for both projects
Recent moves in oil prices and what they mean for Iron Horse Energy investors
Early thoughts on the upcoming Waypoint Energy Fund
How Turbine aims to present a diversified mix of investment opportunities each year
The goal of this format is simple: share the same kinds of conversations happening inside the Turbine office as the team evaluates deals, answers investor questions, and thinks through market developments.
If you have feedback on the format or topics you'd like covered in future episodes, reach out to the team at [email protected]
If you have any questions, please feel free to email [email protected].
Learn more about Turbine Capital:
Website: https://www.turbinecap.com
Facebook: https://www.facebook.com/turbinecap
Instagram: https://instagram.com/turbinecapital
The information discussed in this episode is for informational and educational purposes only and should not be considered investment, tax, or legal advice. Nothing discussed in this episode constitutes an offer to sell or a solicitation of an offer to buy any securities. Any opinions expressed are those of the participants at the time of recording and are subject to change without notice. Investments discussed may not be suitable for all investors and involve risk, including the potential loss of principal. Past performance is not indicative of future results. Prospective investors should review all applicable offering documents and consult with their own financial, tax, and legal advisors before making any investment decision.
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41min
February 26, 2026Fellowship Wildlight Senior Living Webinar
Demographics, Demand, and a 205-Unit Opportunity
Tait Duryea sits down with John LaHood and Kevin King to break down a $96 million, 205-unit senior housing development in Wildlight, Florida. With permits secured, land entitled, and sponsor equity already invested, this project is shovel-ready.
They discuss:
Senior housing projected to outperform on NOI growth
Demographic tailwinds driving sustained demand
Constrained new supply supporting pricing power
Institutional-quality operator and developer partnership
Proven lease-up and rent growth performance
Conservative underwriting with upside potential
Clear refinance and exit strategy targeting REIT and institutional buyers
Review the full investment deck in the deal room and secure your allocation before construction begins.
John LaHood is President and CEO of The Fellowship Family, a fourth-generation senior living operator based in Georgia, and serves in the Georgia House of Representatives. Active in the industry since 1997, he combines operational leadership with legislative advocacy focused on aging, healthcare policy, and senior living excellence.
Kevin King is CEO of BLDG Real Estate with over 30 years of experience in architecture, consulting, and real estate development. He has led senior living, multifamily, and charter school projects nationwide. Formerly a Principal at Ambling, Kevin specializes in disciplined execution, financing strategy, and building high-impact communities.
Deal Room: https://turbinecap.investnext.com/portal/offerings/9681/
Show notes:
(0:09) Project Overview and Executive Summary
(1:33) Timeline and Sponsor Equity Invested
(3:33) Fellowship Family Background
(5:49) BLDG Development Experience
(13:56) Senior Housing Demand Trends
(24:23) Jacksonville and Wildlight Growth
(35:05) Development and Unit Mix Explained
(47:16) Appraisal and Value Creation
(56:46) Construction and Lease-Up Timeline
(1:09:37) Hold Strategy and Exit Plan
Turbine Capital Private Podcast:
Spotify: https://open.spotify.com/show/0IWgXJwFJY1Xiw13SfuCnZ?si=87be61dfe5fb415d
Apple: https://podcasts.apple.com/us/podcast/turbine-capital-private-podcast/id1831346026
If you have any questions, please feel free to email [email protected].
Learn more about Turbine Capital:
Website: https://www.turbinecap.com
Facebook: https://www.facebook.com/turbinecap
Instagram: https://instagram.com/turbinecapital
The information discussed in this episode is for informational and educational purposes only and should not be considered investment, tax, or legal advice. Nothing discussed in this episode constitutes an offer to sell or a solicitation of an offer to buy any securities. Any opinions expressed are those of the participants at the time of recording and are subject to change without notice. Investments discussed may not be suitable for all investors and involve risk, including the potential loss of principal. Past performance is not indicative of future results. Prospective investors should review all applicable offering documents and consult with their own financial, tax, and legal advisors before making any investment decision.
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1h 16min
February 16, 2026Senior Housing: Demographics, Demand, and NOI Growth with John LaHood
The silver tsunami is no longer theoretical. It’s here.
Tait Duryea sits down with John LaHood to unpack why senior living may be one of the most compelling asset classes of the next decade. With occupancy surpassing pre-pandemic highs and development lagging far behind demand, the supply-demand imbalance is accelerating fast.
They discuss:
Demographic surge of 80+ baby boomers driving demand
Strong institutional REIT interest in senior living
Labor challenges and workforce pipeline solutions
Amenitized communities redefining the senior living experience
Blended IL/AL models targeting ~40% NOI margins
Master-planned development opportunity in Northeast Florida
Macro tailwinds and operational realities of investing in dignified, high-quality senior housing
If you’re a high-income professional looking for recession-resilient demand and long-term demographic tailwinds, this conversation is worth your attention.
John LaHood is President and CEO of The Fellowship Family, a Georgia-based senior living organization, and a member of the Georgia House of Representatives representing District 175. A fourth-generation senior living operator, he grew up alongside Fellowship Brookside in South Georgia and has worked in the industry since 1997. In the legislature, he serves on committees impacting aging and healthcare policy and has been recognized by the Georgia Senior Living Association for his leadership and advocacy on behalf of seniors and providers.
Show notes:
(00:00) Senior living demographic tailwinds
(03:54) Pandemic occupancy collapse and recovery
(05:25) 18 quarters of occupancy growth
(07:40) Industry undersupply and aging inventory
(10:21) 370,000 unit shortage by 2030
(11:58) Reimagining modern senior living
(19:16) Solving labor and CNA pipeline
(27:56) Independent vs assisted vs memory care
(31:12) 40% NOI blended model
(34:10) Wildlight master-planned development

Connect with John LaHood: https://www.linkedin.com/in/john-lahood-3532a152/
Turbine Capital Private Podcast:
Spotify: https://open.spotify.com/show/0IWgXJwFJY1Xiw13SfuCnZ?si=87be61dfe5fb415d
Apple: https://podcasts.apple.com/us/podcast/turbine-capital-private-podcast/id1831346026
If you have any questions, please feel free to email [email protected].
Learn more about Turbine Capital:
Website: https://www.turbinecap.com
Facebook: https://www.facebook.com/turbinecap
Instagram: https://instagram.com/turbinecapital
The information discussed in this episode is for informational and educational purposes only and should not be considered investment, tax, or legal advice. Nothing discussed in this episode constitutes an offer to sell or a solicitation of an offer to buy any securities. Any opinions expressed are those of the participants at the time of recording and are subject to change without notice. Investments discussed may not be suitable for all investors and involve risk, including the potential loss of principal. Past performance is not indicative of future results. Prospective investors should review all applicable offering documents and consult with their own financial, tax, and legal advisors before making any investment decision.
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40min
February 12, 2026February 2026 Hangar Talk
In this month’s Hangar Talk, Tait and the Turbine Capital team share what’s been happening behind the scenes and where we’re headed next: a new CRM backbone, added in-house expertise, and fresh opportunities across real estate, credit, and energy.
In this episode:
HubSpot transition – why we upgraded our communication system and what it means for response times, text messaging, and a central office line.
Meet Noell Vinzon, Investor Relations Coordinator, and how she’ll help you with subscriptions, SDIRAs, and wiring logistics.
Mark Fleming joins as Managing Partner of Oil & Gas and we introduce the Waypoint Energy Fund, bringing oil & gas fully in-house.
K-1 timing: how to think about extensions vs. amending, and where to check the live K-1 status for every Turbine deal.
SDIRA fair market value (FMV) reports – how we coordinate directly with custodians and where to find FMVs in your portal.
Portfolio updates: Four Mile Ranch’s first distribution, Stealth Point’s breakout biotech company, and a record quarter for the Private Credit Fund.
Why we’re bullish on industrial real estate and the long-term “silver tsunami” tailwind behind our upcoming senior living development.
Links & resources:
K-1 Status Tracker:
https://docs.google.com/spreadsheets/d/157HY_Jp4GrEv7F_uvuy6yBB1wssl4S2QzAvc0BJess4/edit?gid=0#gid=0

Happy Hour RSVPs:
Salt Lake City – White Horse Tavern: https://luma.com/ef9vgest
Houston – Stella’s Wine Bar: https://luma.com/rm1ig1uw

Connect on LinkedIn:
Mark Fleming
Noell Vinzon
If you have any questions, please feel free to email [email protected].
Learn more about Turbine Capital:
Website: https://www.turbinecap.com
Facebook: https://www.facebook.com/turbinecap
Instagram: https://instagram.com/turbinecapital
The information discussed in this episode is for informational and educational purposes only and should not be considered investment, tax, or legal advice. Nothing discussed in this episode constitutes an offer to sell or a solicitation of an offer to buy any securities. Any opinions expressed are those of the participants at the time of recording and are subject to change without notice. Investments discussed may not be suitable for all investors and involve risk, including the potential loss of principal. Past performance is not indicative of future results. Prospective investors should review all applicable offering documents and consult with their own financial, tax, and legal advisors before making any investment decision.
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26min
January 16, 2026 Industrial Growth Fund Webinar
Tait Duryea sits down with Ben Fraser and Dan Schulte of Aspen Funds to unpack why industrial real estate is entering a new growth cycle driven by reshoring, supply chain risk, and shifting global trade. They explain how the Industrial Growth Fund targets raw land along the I-35 corridor, capturing value through entitlements, development, and strategic exits. From Kansas City’s “Golden Triangle” to Wichita’s industrial resurgence, this episode breaks down why smaller, flexible facilities are outperforming mega-warehouses and how investors can participate earlier in the value creation process.

Show notes:
(00:00) Industrial Growth Fund Overview
(03:42) Why Global Supply Chains Are Shifting
(05:35) Reshoring And Industrial Demand Surge
(08:25) Why The Midwest Is Winning
(10:18) Why Start With Raw Land
(13:47) Kansas City’s Golden Triangle
(17:58) Infrastructure, Labor, And Tax Advantages
(22:29) Multiple Exit Paths Explained
(26:28) Assets Already Inside The Fund
(36:01) How And When To Invest

Turbine Capital Private Podcast:
Spotify: https://open.spotify.com/show/0IWgXJwFJY1Xiw13SfuCnZ?si=87be61dfe5fb415d
Apple: https://podcasts.apple.com/us/podcast/turbine-capital-private-podcast/id1831346026
If you have any questions, please feel free to email [email protected].
Learn more about Turbine Capital:
Website: https://www.turbinecap.com
Facebook: https://www.facebook.com/turbinecap
Instagram: https://instagram.com/turbinecapital
The information discussed in this episode is for informational and educational purposes only and should not be considered investment, tax, or legal advice. Nothing discussed in this episode constitutes an offer to sell or a solicitation of an offer to buy any securities. Any opinions expressed are those of the participants at the time of recording and are subject to change without notice. Investments discussed may not be suitable for all investors and involve risk, including the potential loss of principal. Past performance is not indicative of future results. Prospective investors should review all applicable offering documents and consult with their own financial, tax, and legal advisors before making any investment decision.
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55min
January 16, 2026January 2026 Hangar Talk
Tait Duryea and the Turbine Capital team welcome W. Schreiner Parker of Rystad Energy for a grounded, data-driven look at Venezuela, global oil supply, and what energy investors should actually be paying attention to. This episode cuts through media hype to explain why Venezuela’s production recovery is far slower and more capital-intensive than headlines suggest, how OPEC and geopolitics really influence pricing, and why oil and gas remain a long-term allocation rather than a short-term trade. A must-listen for pilots and high-income investors navigating volatility with perspective.

Show notes:
(00:00) Venezuela market overview
(03:22) Why this isn’t a supply shock
(05:41) Capital required to restore production
(07:54) Why majors avoid Venezuela
(11:02) Short-term oil oversupply outlook
(11:48) Long-term bull case for oil
(18:12) Venezuela and OPEC membership
(23:20) True reserves vs. headline numbers
(26:15) LNG, AI, and natural gas demand
(34:09) How oil investments create value
Turbine Capital Private Podcast:
Spotify: https://open.spotify.com/show/0IWgXJwFJY1Xiw13SfuCnZ?si=87be61dfe5fb415d
Apple: https://podcasts.apple.com/us/podcast/turbine-capital-private-podcast/id1831346026
If you have any questions, please feel free to email [email protected].
Learn more about Turbine Capital:
Website: https://www.turbinecap.com
Facebook: https://www.facebook.com/turbinecap
Instagram: https://instagram.com/turbinecapital
The information discussed in this episode is for informational and educational purposes only and should not be considered investment, tax, or legal advice. Nothing discussed in this episode constitutes an offer to sell or a solicitation of an offer to buy any securities. Any opinions expressed are those of the participants at the time of recording and are subject to change without notice. Investments discussed may not be suitable for all investors and involve risk, including the potential loss of principal. Past performance is not indicative of future results. Prospective investors should review all applicable offering documents and consult with their own financial, tax, and legal advisors before making any investment decision.
...more
54min

FAQs about Turbine Capital Private Podcast:

How many episodes does Turbine Capital Private Podcast have?

The podcast currently has 36 episodes available.