OCEAN AVENUE CAPITAL PARTNERS, L.P.
OCEAN AVENUE CAPITAL PARTNERS, L.P. is a Series C+, buyout, secondary, debt and other fund in the US and Canada writing $10M–$25M checks into Consumer, Healthcare and technology.
- Stages
- Series C+, buyout, secondary, debt, other
- Sectors
- Consumer, Healthcare, technology
- Check size
- $10M–$25M
- Invests in
- US-wide, Canada
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 2010
- Assets under management
- $1.96B
- Website
- oceanavenuecapital.com
Thesis
Ocean Avenue Capital Partners, L.P. is a private equity firm founded in 2010 and based in Santa Monica, California, with approximately $1.9 billion in AUM. They specialize in control-oriented investments in lower middle-market companies, primarily in the technology, healthcare, and consumer sectors. The firm targets companies with an EBITDA between $3 million and $15 million, making equity investments ranging from $10 million to $25 million. They do not directly source deals but rely on a network of independent sponsors. Their strategy involves partnering with experienced management teams and focusing on market inefficiencies, complex situations, or under-resourced businesses to drive long-term value. They invest in various transaction types including buyouts, recapitalizations, platform builds, growth initiatives, special situations, carve-outs, and turnarounds. Geographically, they focus on companies headquartered in the United States or Canada. The firm recently closed its fifth fund, Ocean Avenue Fund V, L.P., at $600 million. They aim to be a reliable capital source for independent sponsors with efficient execution.
Common questions
Does OCEAN AVENUE CAPITAL PARTNERS, L.P. invest at the Series C+ stage?
Yes. OCEAN AVENUE CAPITAL PARTNERS, L.P. lists Series C+, buyout, secondary, debt and other among the stages it invests in.
What check size does OCEAN AVENUE CAPITAL PARTNERS, L.P. write?
OCEAN AVENUE CAPITAL PARTNERS, L.P. writes $10M–$25M checks.
Where does OCEAN AVENUE CAPITAL PARTNERS, L.P. invest?
OCEAN AVENUE CAPITAL PARTNERS, L.P. invests in the US and Canada.