OceanSound Partners Collects $780 Million for Debut Fund
Sixpoint Partners Served as Exclusive Global Placement Agent.
NEW YORK – OceanSound Partners (“OceanSound”), a 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.
Sixpoint Partners (“Sixpoint”), a leading provider of fund placement and strategic advisory solutions to middle-market private equity sponsors, served as exclusive global placement agent for the Fund.
“We are extremely grateful for the support of our investors and are pleased with all that we accomplished to date. We have made five platform investments and generated substantial co-investment along the way,” said Joe Benavides, Managing Partner of OceanSound Partners. “We greatly appreciated the strategic advice and strong distribution focus of Sixpoint Partners which helped contribute to our successful oversubscribed fundraise.”
“We are proud to partner with Joe Benavides and the entire OceanSound team, including Ted Coons, Ariel Garcia and Jeff Kelly. The closing of the Fund represents a milestone achievement not only for OceanSound, but also – as the largest Hispanic-owned debut fund in private equity – for the entire market,” said Sixpoint’s Founder, Eric Zoller.
“The large, diversified and blue-chip base of LPs supporting OceanSound underscore its compelling investment thesis and track record,” added Matt Thornton, Partner and Head of North American Distribution at Sixpoint Partners.
About OceanSound Partners
OceanSound Partners is a New York-based private equity firm that pursues control investments in technology and technology-enabled services companies serving government and enterprise end markets. OceanSound employs a partnership approach, working closely with founders, entrepreneurs, and executives of middle market businesses to drive transformational growth. For more information, please visit www.oceansoundpartners.com.
About Sixpoint Partners
Sixpoint Partners is a leading global investment bank focused on delivering strategic advisory and fundraising solutions for the middle-market private equity industry. The firm’s core areas of focus include (i) primary fund placement and strategic advisory, (ii) secondaries advisory and (iii) co-investment placement across a wide range of industries, strategies, and geographies. Sixpoint Partners has a reputation for its direct, results-driven style and for delivering innovative solutions to complex problems in order to create long-term value for clients. Sixpoint is headquartered in New York with offices in Chicago, San Francisco, and London. Investment banking and other advisory activities are provided by Sixpoint Partners LLC (“Sixpoint”) a registered broker-dealer and a member of FINRA and SIPC. For more information, please visit www.sixpointpartners.com.
For Sixpoint, Contact:
Eric Zoller, Founder & Partner