Ocean Avenue Capital Partners Closes Oversubscribed Fund V at $600M Hard Cap

Ocean Avenue Capital Partners, a private equity firm established in 2010, specializing in lower middle market and special situations investments sourced through independent sponsors, has successfully concluded the final closing of Ocean Avenue Fund V, L.P. ("Fund V").

This latest fund, Fund V, reached its hard cap of $600 million in limited partner capital commitments, indicating significant investor interest and oversubscription. Institutional investors backing Fund V hail from diverse sectors including endowments/foundations, corporate and public pension plans, insurance companies, and family offices across the U.S., Europe, Asia, and South America.

Over its 13-year history, Ocean Avenue has strategically invested in more than 130 lower middle market companies spanning various industries and verticals. With Fund V's closure, the firm's assets under management now stand at approximately $1.9 billion, solidifying its position as a leading player in the private equity landscape.