OceanSound Partners Closes $1.49 Billion Fund II

OceanSound Partners, a growth-oriented private equity firm, has closed its second fund, OceanSound Partners Fund II, LP, with $1.49 billion in total capital commitments. The fund, which exceeded its original hard cap, received support from a diverse group of existing and new investors, including pension plans, endowments, foundations, family offices, consultants, asset management firms, and insurance companies.

OceanSound's inaugural fund, with a target of $550 million, was also oversubscribed. The firm focuses on middle-market companies in government and highly regulated enterprise end markets, managing in excess of $3.7 billion in Regulatory Assets Under Management and having invested in nine platform investments and 38 add-on acquisitions.

The successful closing of the second fund demonstrates OceanSound's differentiated investment strategy and proven execution, with the majority of the inaugural fund's capital returned to investors.