Odyssey Investment Partners, LLC (“Odyssey”), a prominent private equity firm focused on the middle-market, has announced the successful closing of its latest fund, Odyssey Investment Partners Fund VI, LP (“Fund VI”). The fund reached its hard cap, closing at $3.25 billion, and was significantly oversubscribed, demonstrating strong investor confidence in Odyssey’s strategy and team. This successful fundraise saw substantial increased commitments from existing investors alongside the addition of several new institutional investors.
This milestone marks a significant chapter for Odyssey Investment Partners, reinforcing its position as a leading player in the private equity space. Fund VI will continue Odyssey’s established strategy of pursuing control-oriented investments and management buyouts in established middle-market companies.
The leadership of Odyssey Investment Partners remains consistent, with Senior Managing Principals Brian Kwait (CEO), William Hopkins (Vice Chairman), and Stephen Berger (Chairman) continuing to lead the firm. In a move to further strengthen its leadership ranks, Jeffrey McKibben and Craig Staub have been promoted to Senior Managing Principal. Additionally, Jason Cowett, Jonathan Place, and Jeff Moffett have been named Managing Principal, joining existing Managing Principals Rob Aikman, Doug Hitchner, Dennis Moore, and Brian Zaumeyer. The senior investment team boasts an impressive average of 16 years of investment experience at Odyssey Investment Partners, highlighting the depth of expertise within the firm.
Brian Kwait, CEO of Odyssey Investment Partners, expressed gratitude for the strong investor support. “We are sincerely grateful for the enthusiasm of our long-standing limited partners, as well as the expansion of our base with several leading global investors. 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 recognize Jennifer Rogg, our Head of Investor Relations, for her exceptional efforts in ensuring this successful fundraise.”
Mr. Kwait further emphasized Odyssey Investment Partners‘ commitment to internal talent development. “Odyssey’s success and growth over many years is a direct result of our philosophy of internal talent development. The promotions of Jeffrey McKibben and Craig Staub to Odyssey’s leadership team are a testament to this philosophy and are important as we look toward the future. Jeff and Craig have made extraordinary contributions to our firm as outstanding investors and leaders. Their promotions are richly deserved, and we will benefit for many years to come from their enhanced roles.” He also noted the promotions of Jason Cowett, Jonathan Place, and Jeff Moffett, reiterating that “Our people, team culture, and apprenticeship approach are Odyssey Investment Partners‘ biggest assets, and we are delighted that each of these professionals has grown significantly during their years with the firm.”
Looking ahead, Odyssey Investment Partners will maintain its successful buy-and-build strategy, honed over the past 25 years. The firm will continue to focus on the industrials and business services sectors, building market-leading companies with world-class management teams. Specific areas of interest within these sectors include aerospace, defense, insurance services, safety & testing, automated equipment & components, industrial services, equipment rental, pharma services, energy services, and packaging.
Fund VI follows Odyssey’s previous fund, which closed in 2014 with $2 billion of capital commitments, demonstrating the firm’s continued growth and increasing investor appetite.
Debevoise & Plimpton LLP provided legal counsel for Fund VI.
About Odyssey Investment Partners, LLC
Odyssey Investment Partners, LLC, with offices in New York and Los Angeles, is a leading private equity investment firm with over two decades of experience. The firm specializes in partnering with skilled management teams to transform middle-market companies into more efficient, diversified, and high-growth businesses. Odyssey Investment Partners focuses on making majority control investments in industries with strong long-term prospects and favorable secular trends. For more information about Odyssey Investment Partners, please visit www.odysseyinvestment.com.
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