Seattle-based private equity firm Sound Growth Partners (SGP) has closed its oversubscribed inaugural buyout fund at its hard cap after securing $275m in capital commitments, including anticipated leverage.
The fund will invest in niche market leaders in the lower middle market using the firm’s One-Stop Buyout approach, providing all the capital necessary to close a transaction.
The fund, which secured a Small Business Investment Company (SBIC) license from the Small Business Administration (SBA), attracted support from a diverse group of institutional investors.
SGP was founded in 2023 by four long-term colleagues – Kyle Largent, Peter Roushdy, David Glazer, and Travis Steele – who all have extensive experience investing in, supporting, and growing lower middle market companies.
