OceanSound Partners, a NYC-based growth-oriented private equity firm that invests in technology and technology-enabled services companies, announced the final close of its second fund, OceanSound Partners Fund II, with $1.49 Billion in total capital commitments.
The firm received support from a diverse group of existing and new, well-regarded limited partners, including leading pension plans, endowments and foundations, family offices, institutional consultants, asset management firms and insurance companies.
The firm typically invests $75 to $300m through controlling-ownership positions in companies with enterprise values of $150M to $750M.
Led by Joe Benavides, Managing Partner, OceanSound Partners currently manages in excess of $3.7 Billion in Regulatory Assets Under Management and has invested in nine platform investments which, in turn, have completed 38 add-on acquisitions. Portfolio companies collectively generate over $3.7 Billion in revenue and employ over 12,000 individuals.
Together with affiliated co-investment vehicles and a single-asset continuation fund closed in April 2024, it has raised in excess of $2.15 Billion of cumulative committed capital in connection with the Fund.
FinSMEs
02/10/2024