Ocean Avenue Capital Partners, L.P.

Ocean Avenue Capital Partners, L.P. is a private equity firm based in Santa Monica, California, founded in 2011. The firm specializes in investing in lower middle market companies, focusing on industry consolidation, growth capital, operational turnarounds, and special situations. Ocean Avenue targets small-cap companies, particularly in the wind energy sector, that are headquartered in the United States or Canada. The firm typically seeks to make equity investments ranging from $6 million to $15 million in companies with EBITDA between $1 million and over $15 million, including those with negative EBITDA in turnaround scenarios. Ocean Avenue aims to acquire a majority stake or participate as a minority member in syndicates, and it also provides follow-on capital for both organic and acquisition growth. The firm does not require board seats for its investments.