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Alternative Market Briefing

Odyssey Investment Partners closes $3.25bn sixth investment fund

Friday, February 14, 2020

Laxman Pai, Opalesque Asia:

US-based private equity investment firm Odyssey Investment Partners announced the first and final closing of Odyssey Investment Partners Fund VI.

The Fund VI is a $3.25 billion private equity investment fund formed to pursue control-oriented investments and management buyouts of established middle-market companies, said a press note from the middle-market PE firm with offices in New York and Los Angeles.

The fund was oversubscribed and closed at its hard cap with significant upsizing by existing investors and by adding several new institutional investors.

Odyssey will continue to be led by Senior Managing Principals Brian Kwait (CEO), William Hopkins (Vice Chairman) and Stephen Berger (Chairman), and Jeffrey McKibben and Craig Staub who have been promoted to Senior Managing Principal, further strengthening the firm's leadership team.

Besides, Jason Cowett, Jonathan Place, and Jeff Moffett have been named Managing Principal, joining Rob Aikman, Doug Hitchner, Dennis Moore and Brian Zaumeyer. The senior investment team represents an average of 16 years of investment experience at Odyssey.

Kwait said, " Our successful fundraising effort reflects our investors' considerable confidence in our team, which will continue to be focused on building value on their behalf in the coming years. We are grateful to Jennifer Rogg, our Head of Investor Relations, for her exceptional efforts to ensure our successful fundraise."

Odyssey s......................

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