Overbay Capital Partners announced it has completed a previously announced strategic growth investment from Charlesbank Capital Partners after receiving the necessary regulatory approvals. The transaction, which was first revealed in March 2026, provides Overbay with additional capital to support its next phase of expansion while allowing the firm’s leadership team to retain control over all investment decisions. Financial terms of the investment were not disclosed.
Founded in 2016 and headquartered in Toronto, Overbay is a private equity secondaries investment firm with approximately $3 billion in assets under management. The firm focuses on highly diversified LP-led secondary transactions across private equity, growth equity, and venture capital, while also developing specialized expertise in sectors such as technology, sports, and funds-of-funds.
The investment is expected to strengthen Overbay’s platform as it expands its investment, investor relations, and operations teams. The firm also plans to invest further in its technology and data infrastructure while continuing to pursue attractive risk-adjusted returns for its investors. Overbay’s management team will remain significant long-term shareholders alongside Charlesbank and will continue to operate the business independently.
Charlesbank’s investment reflects its confidence in the growing secondaries market, where demand for liquidity solutions has continued to increase. The private investment firm believes Overbay has built a differentiated platform and is well positioned to capitalize on long-term growth opportunities within the sector.
Overbay’s investor base includes endowments, foundations, family offices, and other institutional investors. The firm’s differentiated sourcing model stems from its origins as the only secondary fund founded by intermediaries, providing it with access to proprietary opportunities across multiple fund vintages.
Charlesbank Capital Partners, founded in 1998, manages approximately $21.5 billion in assets under management as of March 31, 2026. The firm invests across business and consumer services, healthcare, industrials, and technology through private equity, opportunistic credit, and technology investment strategies.
KEY QUOTES:
“We are pleased to complete this partnership with Charlesbank and to begin the next chapter of Overbay’s growth. Charlesbank’s investment strengthens our platform as we continue to build out our investment, investor relations, and operations teams, deepen our technology and data infrastructure, and deliver attractive risk-adjusted returns for our funds’ investors.”
Rob McGrath, Chief Executive Officer of Overbay Capital Partners
“Overbay has built a differentiated platform in the secondaries market, and we look forward to supporting the Firm’s continued growth in the years ahead as demand for liquidity solutions and secondaries strategies continues to accelerate.”
Jared Pomerance, Managing Director at Charlesbank Capital Partners
