Seaside Equity Partners has closed it second private equity investment fund, Seaside Equity Partners II.
Seaside began fundraising in September 2022 with an initial target of $225 million. With the support from our existing investors, a base of new limited partners and a meaningful commitment from the firm’s team, Seaside Fund II had its final close in December 2022 at $325 million.
Investors include endowments, foundations, corporate and public pensions, insurance companies, consultants, family offices, and individuals.
“We are grateful for the confidence and profound support that our new and existing investors have in our team and investment strategy,” said Andrew Thompson, managing partner. “We are extremely pleased that we were able to close meaningfully above our targeted fund size in such a difficult fundraising environment and remain committed to continuing our disciplined approach to pursuing value creation within the lower middle market.”
