Sound Growth Partners Closes Fund I, at $275M
Summary
Sound Growth Partners, a Seattle, WA-based private equity firm, closed its Fund I, at $275M in capital commitments. The fund reached its hard cap due to support from a diverse group of institutional investors and receipt of a Small Business Investment Company (SBIC) license from the Small Business Administration (SBA). Its investments are structured as One-Stop Buyouts™ through which SGP provides all the capital needed to close a transaction. The firm invests in companies with EBITDA between $2 million and $10 million in definable niches within the consumer products, business services, distribution and light manufacturing sectors. SGP has also added to the firm’s operations and investment teams including CFO Vera Feinhaus and Associate Chris Casamassima.