Oceansound Partners, LP

OceanSound Partners, LP is a private equity investment manager that provides discretionary advisory services to pooled vehicles, including private investment partnerships and co-investment vehicles, and serves investors who meet private placement eligibility (institutional investors, funds, high net worth individuals and similar entities). The Brochure states OceanSound manages each Fund in accordance with its governing fund documents and provides periodic financial and tax reporting to investors.

The firm pursues control-oriented private equity investments in U.S.-based technology and technology-enabled services companies that operate in government and other highly regulated end markets, using leveraged acquisitions, build-ups, recapitalizations, restructurings and growth equity. The Brochure describes a hands-on value-creation model that uses exclusive Executive Partners and an affiliated OceanSound Consulting Group to support due diligence, operations and post-closing integration, and notes the use of co-investments, side letters, leverage and hedging (including currency and commodity hedges) as part of investment structuring and risk management.

Compared with many peers, OceanSound combines a multi-billion-dollar pooled-vehicle platform (approximately $6.95 billion AUM) with an in-house consulting affiliate and an Executive Partner model that can receive equity and performance-based compensation tied to portfolio outcomes. The firm’s regulatory disclosures also highlight less-common items for a manager of pooled private funds—addressing advertising practices (including testimonials), affiliations and activities related to commodity trading and commodity-pool/trading-advisor functions, and the attendant hedging and counterparty risks.