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Adviser Profile

As of Date 03/25/2024
Adviser Type - Large advisory firm
Number of Employees 26 30.00%
of those in investment advisory functions 17 6.25%
Registration SEC, Approved, 7/29/2020
Other registrations (1)
Former registrations

OCEANSOUND PARTNERS, LP

AUM* 2,649,896,208 46.41%
of that, discretionary 2,649,896,208 46.41%
Private Fund GAV* 2,649,896,208 46.41%
Avg Account Size 176,659,747 134.25%
SMA’s No
Private Funds 15 2
Contact Info 212 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
2B 2B 1B 1B 776M 517M 259M
2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count15 GAV$2,649,896,208

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Brochure Summary

Overview

OceanSound (the “Firm”) is a private equity firm organized as a limited partnership under the laws of the State of Delaware. OceanSound was founded in 2018 and is led by Joe Benavides, its Managing Partner, who is OceanSound’s controlling shareholder. The Managing Partner, together with Ted Coons and Jeff Kelly (collectively with the Managing Partner, the “Partners”), along with other OceanSound investment professionals, lead the investment activities of OceanSound and comprise OceanSound’s investment committee. A number of other investment professionals work with the Partners to execute OceanSound’s investment strategy OceanSound serves as an investment manager and provides discretionary advisory services to collective investment vehicles, including private investment partnerships and co-investment vehicles (together with their respective parallel funds, special purpose and/or subsidiary investment vehicles, each, a “Fund” or collectively the “Funds”). Each Fund structure is controlled by a general partner that is in turn controlled by the Managing Partner (the “General Partner(s)”). Unless and only to the extent that the context otherwise requires, references to OceanSound or the Adviser include the General Partner(s). The Funds make control-oriented private equity investments in US-based technology and tech- enabled services companies operating in commercial and government end-markets which OceanSound believes present multiple strategic and tactical value creation opportunities. This represents a continuation and evolution of the Partners’ decades of experience sourcing and investing in businesses in this sector. As of December 31, 2023, the Adviser managed approximately $2,650,000,000 in regulatory assets under management on a discretionary basis on behalf of the Funds. In providing services
to the Funds, OceanSound formulates each Fund’s investment objectives, directs and manages the investment and reinvestment of each Fund’s assets, and provides reports to investors. Investment advice is provided directly to the Funds and not individually to the limited partners or shareholders of the Funds (the “Investors” or “Limited Partners”). OceanSound manages the assets of the Funds in accordance with the terms of each Fund’s confidential offering and/or private placement memoranda, limited partnership or shareholder agreements and other governing documents applicable to each Fund (the “Governing Fund Documents”). All terms are generally established at the time of the formation of a Fund and are only terminable once the applicable Fund is dissolved, wound up, and terminated. The Investors may not restrict investments by the Funds in any capacity, and except in limited circumstances, Limited Partners are not permitted to withdraw from a Fund prior to the Fund’s dissolution. Shares or limited partnership interests in the Funds are not registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and the Funds are not registered under the Investment Company Act of 1940, as amended (the “Investment Company Act”). Accordingly, interests or shares in the Funds are offered and sold exclusively to investors satisfying the applicable eligibility and suitability requirements in private transactions within the United States. For the avoidance of doubt, all information discussed above regarding the investment advisory services provided by OceanSound to the Funds is qualified in its entirety by reference to the relevant Fund’s Governing Fund Documents. Investors are encouraged to review the Governing Fund Documents for a more detailed description of OceanSound’s advisory business.