Latest news with #SeasideEquityPartners
Yahoo
08-07-2025
- Business
- Yahoo
Seaside Equity Partners Secures Over $720 Million for Two New Funds, Expanding Support for Lower Middle Market Businesses
SAN DIEGO, July 08, 2025--(BUSINESS WIRE)--Seaside Equity Partners ("Seaside" or the "Firm"), a private equity firm focused on the lower middle market, today announced the successful closings of two new funds, Seaside Equity Partners III, L.P. ("Fund III") and Seaside Navigator I, L.P. ("Navigator I"), with total commitments of over $720 million. This significant capital raise enables Seaside to further its mission of partnering with exceptional companies to drive growth and value creation in the lower middle market. Seaside secured meaningful support from a diverse group of limited partners, including endowments, foundations, corporate and public pensions, insurance companies, consultants, and family offices. Both Fund III, with $568 million of limited partner commitments, and Navigator I, with $155 million of limited partner commitments, were oversubscribed and substantially completed in a single closing. "We are fortunate with the outcome and most grateful to our investors, companies, and colleagues for their support and trust," said Managing Partner Andrew Thompson. "Fund III and Navigator I represent a significant step forward for our firm, allowing us to expand upon our existing strategy while continuing our pursuit of a great outcome for all." Building on Seaside's investment strategy, both funds will target mission-critical service providers headquartered in the Western United States. Fund III will continue the Firm's focus on companies generating $3 million to $15 million in EBITDA. Navigator I represents a strategic expansion with a focus on companies generating less than $3 million of EBITDA, a market segment in which Seaside sees significant potential for value creation. With these new funds, Seaside Equity Partners now manages assets of approximately $1.4 billion and has invested in over 55 companies. The Firm's expanded capital base enhances its opportunity to pursue partnerships with lower middle market businesses seeking growth capital, liquidity, and strategic resources in pursuit of reaching their full potential. Shannon Advisors served as placement agent, and Kirkland & Ellis LLP provided legal counsel for the fundraise. For additional information on Seaside Equity Partners, see View source version on Contacts deals@ (858) 947-1350
Business Wire
08-07-2025
- Business
- Business Wire
Seaside Equity Partners Secures Over $720 Million for Two New Funds, Expanding Support for Lower Middle Market Businesses
SAN DIEGO--(BUSINESS WIRE)--Seaside Equity Partners ('Seaside' or the 'Firm'), a private equity firm focused on the lower middle market, today announced the successful closings of two new funds, Seaside Equity Partners III, L.P. ('Fund III') and Seaside Navigator I, L.P. ('Navigator I'), with total commitments of over $720 million. This significant capital raise enables Seaside to further its mission of partnering with exceptional companies to drive growth and value creation in the lower middle market. Seaside secured meaningful support from a diverse group of limited partners, including endowments, foundations, corporate and public pensions, insurance companies, consultants, and family offices. Both Fund III, with $568 million of limited partner commitments, and Navigator I, with $155 million of limited partner commitments, were oversubscribed and substantially completed in a single closing. 'We are fortunate with the outcome and most grateful to our investors, companies, and colleagues for their support and trust,' said Managing Partner Andrew Thompson. 'Fund III and Navigator I represent a significant step forward for our firm, allowing us to expand upon our existing strategy while continuing our pursuit of a great outcome for all.' Building on Seaside's investment strategy, both funds will target mission-critical service providers headquartered in the Western United States. Fund III will continue the Firm's focus on companies generating $3 million to $15 million in EBITDA. Navigator I represents a strategic expansion with a focus on companies generating less than $3 million of EBITDA, a market segment in which Seaside sees significant potential for value creation. With these new funds, Seaside Equity Partners now manages assets of approximately $1.4 billion and has invested in over 55 companies. The Firm's expanded capital base enhances its opportunity to pursue partnerships with lower middle market businesses seeking growth capital, liquidity, and strategic resources in pursuit of reaching their full potential. Shannon Advisors served as placement agent, and Kirkland & Ellis LLP provided legal counsel for the fundraise. For additional information on Seaside Equity Partners, see
Yahoo
02-04-2025
- Business
- Yahoo
Seaside Equity Partners Announces Partnership with Capstone Accounting and Tax
SAN DIEGO, April 02, 2025--(BUSINESS WIRE)--Seaside Equity Partners, a San Diego-based private equity firm, has partnered with Capstone Accounting and Tax ("Capstone"), a leading provider of tax, accounting, and advisory services to small and mid-size clients throughout the Pacific Northwest. Seaside Equity Partners' strategic investment will enable Capstone to enhance its client offerings, invest in cutting-edge technology, and expand its presence in existing and new markets while continuing to put its clients first. Initially founded in 2004, Capstone has built a strong reputation for delivering exceptional service and technical expertise to its clients. Today, Capstone serves clients across nearly a dozen key markets in the Pacific Northwest. "We are honored to partner with the Capstone team and believe the firm's Partners have built a marquee franchise poised for substantial growth. We are excited to deliver an even broader set of services to its current and future clients and to support their next phase of growth by providing additional resources and strategic partnership," said Hiral Pithadia, Managing Director of Seaside Equity Partners. Capstone will continue to operate under the Capstone Accounting and Tax brand. Key Partners of Capstone will remain significant shareholders in the Company and will remain in place to drive the firm's continued success rooted in client satisfaction. "We have always been committed to growing in a way that strengthens both our client relationships and our internal team," said Lance Brant, Managing Partner of Capstone Accounting and Tax. "Seaside aligns with our vision, providing not only targeted investment but also strategic resources that allow us to expand while continuing to offer the high-quality service our clients rely on." For additional information on Capstone Accounting and Tax, see About Seaside Equity Partners: Seaside Equity Partners is a growth-oriented and operationally focused private equity firm based in San Diego, CA. The firm seeks to provide capital, resources, and strategic support to leading mission critical services businesses that are headquartered in the Western United States. Seaside is currently investing out of a $325 million investment vehicle that closed in December 2022, which focuses on partnering with founder, family, and entrepreneur-owned businesses. For additional information on Seaside Equity Partners, see View source version on Contacts deals@ Sign in to access your portfolio
