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Alternative Assets  + Private Equity  | 
Seaside Equity Partners Closes Sophomore Private Equity Fund at $325M

Seaside Equity Partners Closes Sophomore Private Equity Fund at $325M

Seaside Equity Partners closed its second private equity investment fund, Seaside Equity Partners II, with $325 million in capital, handily surpassing its $225 million target, despite a retrenchment in private equity fundraising.

The success of Seaside Fund II follows the initial success of the firm’s debut fund, Seaside Fund I, which was raised in February 2021 and closed oversubscribed in July of that year with $160 million, surpassing its $55 million target of $120 million.

The San Diego-based firm says it employs a growth-focused and operationally oriented approach toward investing in lower-middle market companies and that Fund II will continue to focus on partnering with founder, family and entrepreneur-owned businesses with strong foundations and opportunities for outsized growth.

With the closing of Seaside Fund II, the firm has raised over $500 million and invested in 26 companies including nine platform companies and 17 add-on acquisitions.

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Seaside Equity Partners

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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