Soundcore Capital Partners announced the successful final close of Soundcore Capital Partners Fund III LP at $450 million in capital commitments, with total demand exceeding its self-imposed hard cap.
The New York–based private equity firm said Fund III includes 117 limited partners across 12 countries, reflecting the breadth of its international investor base. The fund received strong backing from existing limited partners and attracted new institutional investors. Participants include insurance companies, public and corporate pension plans, endowments, foundations, single- and multi-family offices, fund-of-funds, investment consultants, asset managers, and high-net-worth individuals.
Fund III represents a 28.6% increase in commitments compared to Fund II, which closed at $350 million. The firm committed $25 million through its General Partner, accounting for 5.6% of total commitments, underscoring alignment with investors. While Fund II included six portfolio companies, Soundcore is targeting nine platform investments in Fund III to enhance diversification.
Since launching Fund III, the firm has established five platform investments: Heartland Paving Partners, US Dock & Door, TreeServe, TrussPoint, and Reliable Energy Partners. The fund is more than 40% deployed and has completed 28 acquisitions to date. Across Fund III, Soundcore has acquired companies generating $544 million in revenue and $95 million in EBITDA.
The firm expects to launch three additional platforms this year while continuing to pursue both organic and add-on acquisitions across its existing platforms.
Since its founding in 2015, Soundcore has completed 113 acquisitions totaling $1.8 billion in enterprise value and has exited eight platforms. The firm currently manages more than $700 million in assets.
Jarrett Turner, Founder and Managing Partner, said the oversubscription reflects investor confidence in the firm’s disciplined growth strategy and long-term value creation approach. Arthur Zuckerman, Chief Operating Officer and Partner, added that Fund III represents an important milestone as the firm continues to back founder-owned essential services businesses and build scalable platforms through operational enhancements and add-on acquisitions.
Soundcore focuses on recession-resilient companies in fragmented industries, with an emphasis on professionalization, technology enhancements, procurement efficiencies, and strategic expansion across business and outsourced services, industrial services, specialty manufacturing, and value-added distribution sectors.
Support: Kirkland & Ellis LLP served as fund formation counsel for Fund III.
