Odyssey Investment Partners Closes Sixth Investment Fund
Private equity fund sponsor Odyssey Investment Partners has closed Odyssey Investment Partners Fund VI, LP at $3.25bn. The fund was oversubscribed and closed at its hard cap.
Odyssey CEO Brian Kwait said, "“We are sincerely grateful for the enthusiasm of our long-standing limited partners, as well as the expansion of our base with several leading global investors. Our successful fundraising effort reflects our investors’ considerable confidence in our team, which will continue to be focused on building value on their behalf in the coming years. We are grateful to Jennifer Rogg, our Head of Investor Relations, for her exceptional efforts to ensure our successful fundraise."
Odyssey has also made some promotions; Jeffrey McKibben and Craig Staub have been promoted to Senior Managing Principal and Jason Cowett, Jonathan Place and Jeff Moffett have been named Managing Principal.
"Odyssey’s success and growth over many years is a direct result of our philosophy of internal talent development. Adding Jeffrey McKibben and Craig Staub to Odyssey’s leadership team is an important step as we look toward the future. Jeff and Craig have made extraordinary contributions to our firm as outstanding investors and leaders. Their promotions are richly deserved and we will benefit for many years to come from their enhanced roles" said Kwait. "We are also pleased to promote Jason, Jonathan and Jeff to Managing Principal. Our people, team culture and apprenticeship approach are Odyssey’s biggest assets, and we are delighted that each of these professionals has grown significantly during their years with the firm.”
Debevoise & Plimpton LLP served as fund counsel with respect to Fund VI.
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