– Soundcore Capital Partners, a New York–based private equity firm, announced the final close of Soundcore Capital Partners Fund III LP with $450 million in capital commitments, exceeding its self-imposed hard cap.
– Fund III has 117 limited partners (LPs) across 12 countries, highlighting Soundcore’s broad international investor base.
– Strong support came from existing LPs and new institutional investors, including insurance companies, pension plans, endowments, foundations, family offices, fund-of-funds, investment consultants, asset managers, and high-net-worth individuals.
– Fund III represents a 28.6% increase in commitments from Fund II, which closed at $350 million.
– Soundcore’s General Partner committed $25 million, representing 5.6% of Fund III commitments, showing strong alignment with LPs.
– Fund III aims to create nine total platform companies, up from six in Fund II.
To date, five platform investments have been established: Heartland Paving Partners, US Dock & Door, TreeServe, TrussPoint, and Reliable Energy Partners.
– Fund III is over 40% deployed with 28 acquisitions completed, acquiring companies generating $544 million in revenue and $95 million in EBITDA.
– Three additional platforms are expected to launch this year, alongside ongoing organic and inorganic growth initiatives.
– Since inception, Soundcore has completed 113 acquisitions totaling $1.8 billion in enterprise value and eight platform exits, with over $700 million in assets under management.
– Jarrett Turner, Founder & Managing Partner, emphasized investor trust and Fund III’s success as a reflection of Soundcore’s disciplined growth and value creation strategy.
– Arthur Zuckerman, COO & Partner, highlighted Fund III as a milestone, focusing on founder-owned essential services businesses and building market-leading platforms through operational improvements, add-on acquisitions, and scalable infrastructure.
– Soundcore differentiates itself through a direct-to-founder sourcing engine, collaborative approach, and commitment to helping business owners preserve their legacy while accelerating growth.
– The firm targets recession-resilient companies in fragmented industries, adding value via professionalization, technology enhancements, procurement efficiencies, and strategic expansion.
