Soundcore Capital Partners has closed Soundcore Capital Partners Fund III LP with $450 million in capital commitments, exceeding its self-imposed hard cap and marking a 28.6% increase over its $350 million Fund II. 

Fund III includes a $25 million general partner commitment and reflects the firm’s push to expand diversification, targeting nine platform creations versus six in Fund II. 

The investor base spans insurance companies, public and corporate pension plans, endowments, foundations, family offices, fund-of-funds, consultants and high-net-worth individuals. 

Since launch, Fund III has already established five platforms — Heartland Paving Partners, US Dock & Door, TreeServe, TrussPoint and Reliable Energy Partners — and is more than 40% deployed, completing 28 acquisitions. To date, the fund has acquired businesses generating $544 million in revenue and $95 million in EBITDA. 

“We have remained focused on backing founder-owned essential services businesses and building what we view as market-leading platforms through operational enhancements, targeted add-on acquisitions, and scalable infrastructure,” said Arthur Zuckerman, COO & Partner. 

Soundcore expects to launch three additional platforms this year while continuing organic and inorganic growth across its existing investments. 

Since inception, the NY-based private equity firm has completed 113 acquisitions totaling $1.8 billion in enterprise value and executed eight platform exits. Soundcore currently manages over $700 million in assets under management. 

Kirkland & Ellis LLP served as fund formation counsel for Fund III.