Ocean Avenue is targeting $750m for its sixth independent sponsors fund, Fund VI, according to Buyouts Insider. Fund VI’s target represents a 25% increase from Ocean Avenue’s predecessor fund, Fund V, which closed in 2024 with $600m of capital, according to Buyouts Insider.
Fund VI target and prior fund close
The Buyouts Insider report states that Fund VI is being raised with a $750m target. The same report states that Fund V closed in 2024 with $600m of capital and that the new fund target is 25% higher than its predecessor.
Strategy label and taxonomy in the report
Buyouts Insider categorizes the item under “Co-Investing,” according to the publication’s page header. The report also tags the story with “Fundraising” and “Emerging Managers,” according to Buyouts Insider.
Sector and geography tags cited by the publication
Buyouts Insider lists sector tags for the Ocean Avenue item that include Consumer/Retail, Healthcare, and Industrials. Buyouts Insider also tags the item with “US,” according to the publication’s story page.
Publication details
The Ocean Avenue fundraising item was published on September 1, 2026, and is credited to Obey Martin Manayiti, according to Buyouts Insider. The Buyouts Insider page indicates that additional article content is gated behind an account creation or sign-in prompt.
Widely known context: In private equity reporting, “independent sponsors” typically refers to deal professionals who source acquisitions without a dedicated blind-pool fund and often arrange financing and equity capital on a deal-by-deal basis.
