OceanSound Partners Closes $1.49 Billion Fund II

Paul, Weiss advised OceanSound Partners in the formation of its second flagship fund, OceanSound Partners Fund II, LP. The fund held its final closing on September 27 with $1.49 billion in total capital commitments, substantially above its original hard cap of $1.3 billion and its target of $1 billion. The fund also far exceeded OceanSound's inaugural fund, which launched in 2020 and had total commitments $780 million. Together with affiliated co-investment vehicles and a single-asset continuation fund closed in April, OceanSound, with the assistance of Paul, Weiss, has raised over $2.15 billion of cumulative committed capital for the fund's investment program.

OceanSound is a New York-based private equity firm that pursues control investments in technology and technology-enabled services companies serving government and highly regulated enterprise end markets.

The Paul, Weiss team was led by corporate partners Marco Masotti, Lindsey Wiersma and Andrew Day and included partners Aaron Schlaphoff; tax partner Reuven Garrett and of counsel David Mayo; and executive compensation counsel Jake Glazeski.