OceanSound Partners Closes Second Fund at $1.49 Billion
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Slice of Technology Team
10/04/2024
Key Highlights:
- OceanSound closes second fund at $1.49 billion with total capital commitments, exceeding original hard cap.
- Oversubscribed fund, supported by leading pension plans, family offices, and institutional consultants.
- OceanSound has raised over $2.15 billion in cumulative committed capital across Fund II and other investment vehicles.
- The firm focuses on middle-market companies in highly regulated enterprise markets with controlling-ownership positions.
- Nine platform investments and 38 add-on acquisitions in OceanSound's portfolio, generating over $3.7 billion in revenue.
Source: Business Wire
Quotes
“ "The successful closing of our second fund can be attributed to OceanSound’s differentiated, all-weather investment strategy together with proven execution which has included capital returned to investors from our inaugural fund. We are extremely grateful for the support of our investors, who include some of the most respected institutional private equity investors." ”
Joe Benavides, Managing Partner at OceanSound Partners
Our Take:
OceanSound Partners continues to demonstrate its strength in navigating challenging markets and attracting substantial capital support from well-regarded institutional investors. The firm’s ability to exceed its original hard cap for the second fund highlights investor confidence in OceanSound’s unique approach to value creation, particularly in highly regulated enterprise markets. The firm's strategy of building scalable businesses through disciplined, engineering-like processes positions it for sustained growth and market leadership. As the firm continues to scale with over $3.7 billion in assets under management, OceanSound is poised for even greater success in the future.
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