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Odyssey Investment Partners
Odyssey Investment Partners, which is a middle-market private equity firm in the US, has announced the first and final closing of a $3.25 billion fund. It is called Odyssey Investment Partners Fund VI and concentrates on company buyouts.
The firm said that the fund was oversubscribed and closed at its hard cap with “significant upsizing” by existing investors and by adding several new institutional investors. Odyssey's previous fund closed in 2014 with capital commitments of $2 billion.
Odyssey will continue to be led by senior managing principals Brian Kwait, William Hopkins (vice chairman) and Stephen Berger (chairman), and Jeffrey McKibben and Craig Staub who have been promoted to senior managing principal. In addition, Jason Cowett, Jonathan Place and Jeff Moffett have been named managing principal, joining Rob Aikman, Doug Hitchner, Dennis Moore and Brian Zaumeyer.
Within the firm's target sectors, particular areas of focus include aerospace, defense, insurance services, safety and testing, automated equipment and components, industrial services, equipment rental, pharma services, energy services and packaging.
Debevoise & Plimpton LLP served as fund counsel with respect to Fund VI.