Ocean Avenue Capital

About Ocean Avenue Capital

Ocean Avenue Capital Partners is a lower-middle market private equity firm, based in Santa Monica, CA, with over $1.9b of assets under management. We have a dedicated focus on making equity investments into independent sponsor-led transactions, emerging managers seeking capital for pre-fund deals, and funded sponsors seeking co-investment. Our investment approach is centered on identifying and profiting from market inefficiencies inherent in small-cap and/or complex situations. We are focused on structural capital preservation while maintaining substantial upside equity optionality. We partner with fundamentally-driven specialists that possess deep sector knowledge and/or unique operational expertise and have experience working with small companies. Representative Transaction Characteristics ▪ Buyouts ▪ Recapitalizations ▪ Thematic platform builds ▪ Growth ▪ Special Situations - Carve-outs of non-core divisions or subsidiaries - Turnarounds Business Characteristics ▪ Founder owned ▪ EBITDA – $3 to $15+ million ▪ Fragmented industries or markets ▪ Defensible market position in product, channel, or geographic niche ▪ Opportunities for improving operational efficiencies ▪ Headquartered in the United States or Canada Investment Characteristics ▪ $10 to $25 million equity investment ▪ LP co-Invest available ▪ Majority or minority stakes ▪ Board Observer seat ▪ Hurdled economics
People
  • Daniel Smith, Principal