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        <entityName>Turning Point Asset Management, L.P.</entityName>
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            <city>MENLO PARK</city>
            <stateOrCountry>CA</stateOrCountry>
            <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
            <zipCode>94025</zipCode>
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        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <issuerPreviousNameList>
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                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>94025</zipCode>
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                <lastName>Keelin Reeds Partners, LLC</lastName>
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                <lastName>Dwulet Family Partners, L.P.</lastName>
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                <firstName>N/A</firstName>
                <lastName>I.R.B.S. Corporation</lastName>
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                <city>Menlo Park</city>
                <stateOrCountry>CA</stateOrCountry>
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        <relatedPersonInfo>
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                <lastName>Creative Investment Solutions, LLC</lastName>
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                <city>Menlo Park</city>
                <stateOrCountry>CA</stateOrCountry>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Thomas</firstName>
                <middleName>W.</middleName>
                <lastName>Keelin</lastName>
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                <city>Menlo Park</city>
                <stateOrCountry>CA</stateOrCountry>
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                <zipCode>94025</zipCode>
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            <relationshipClarification>Member of Keelin Reeds Partners, LLC</relationshipClarification>
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        <relatedPersonInfo>
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                <firstName>Michael</firstName>
                <lastName>Mischke-Reeds</lastName>
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                <city>Menlo Park</city>
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                <firstName>James</firstName>
                <lastName>Dwulet</lastName>
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                <lastName>Elvidge</lastName>
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                <city>Menlo Park</city>
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                <firstName>Clifton</firstName>
                <lastName>Erwin</lastName>
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        <relatedPersonInfo>
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                <lastName>Fistonich</lastName>
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            <relationshipClarification>Member of Creative Investment Solutions, LLC</relationshipClarification>
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        <relatedPersonInfo>
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                <firstName>Corey</firstName>
                <lastName>O'Brien</lastName>
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            <relatedPersonRelationshipList>
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    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Other Investment Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
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        <federalExemptionsExclusions>
            <item>06</item>
            <item>3C</item>
            <item>3C.7</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001492879-10-000001</previousAccessionNumber>
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            <dateOfFirstSale>
                <value>2010-04-28</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
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        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>30000000</totalOfferingAmount>
            <totalAmountSold>30000000</totalAmountSold>
            <totalRemaining>0</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>71</totalNumberAlreadyInvested>
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        <salesCommissionsFindersFees>
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                <dollarAmount>0</dollarAmount>
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            <findersFees>
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        <useOfProceeds>
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                <dollarAmount>0</dollarAmount>
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            <clarificationOfResponse>The Issuer is obligated to pay transaction fees to the General Partner (or an affiliate thereof).</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Turning Point Asset Management, L.P.</issuerName>
                <signatureName>/s/ Thomas W. Keelin</signatureName>
                <nameOfSigner>Thomas W. Keelin</nameOfSigner>
                <signatureTitle>Member of Keelin Reeds Partners, LLC</signatureTitle>
                <signatureDate>2010-08-24</signatureDate>
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