OceanSound Partners, a growth-oriented private equity firm that invests in technology and technology-enabled services companies serving government and enterprise end markets, today announced the final close of its inaugural fund, OceanSound Partners Fund, LP (the “Fund”), with $780 million in total capital commitments. The Fund closed substantially above its target of $550 million. OceanSound received support from a diverse group of well-regarded limited partners, including leading pension plans, endowments and foundations, family offices, institutional consultants, asset management firms and insurance companies.
Based in New York, OceanSound focuses on investments in middle-market companies where its expertise at the intersection of government and enterprise end markets can drive strong growth and outperformance. The team takes an engineering-like approach to value creation based on a structured build, improve and grow process grounded in sound strategic initiatives and operational best practices to achieve accelerated revenue growth and margin enhancement. The firm typically invests $75 to $300 million through controlling-ownership positions in companies with enterprise values of $150 to $750 million. OceanSound currently manages in excess of $1.15 billion in Regulatory Assets Under Management and has already invested in five platform investments which, in turn, have completed nine add-on acquisitions.
Sixpoint Partners acted as the exclusive placement agent, and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel for OceanSound.
Read more: Business Wire
