Overbay Capital Partners Completes Strategic Investment from Charlesbank Capital Partners

Overbay Capital Partners Completes Strategic Investment from Charlesbank Capital Partners

Overbay Capital Partners, a leading alternative asset manager specializing in the secondaries market, has successfully completed a strategic growth investment from funds managed by Charlesbank Capital Partners. This partnership aims to bolster Overbay’s platform as it continues to expand its investment, investor relations, and operations teams, enhance its technology and data infrastructure, and deliver attractive risk-adjusted returns for its investors.

Details of the Investment

The investment, initially announced in March 2026, has now closed following receipt of regulatory approvals. The Overbay team remains significant long-term shareholders alongside Charlesbank and retains control and independence of all investment activities. Financial terms of the transaction were not disclosed.

Statements from Leadership

Rob McGrath, Chief Executive Officer of Overbay, expressed his enthusiasm: “We are pleased to complete this partnership with Charlesbank and to begin the next chapter of Overbay’s growth.” He emphasized that Charlesbank’s investment strengthens their platform as they continue to build out various teams and infrastructure to deliver attractive risk-adjusted returns for their funds’ investors.

Jared Pomerance, a Managing Director at Charlesbank, added: “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.”

About Overbay Capital Partners

Founded in 2016 and headquartered in Toronto, Canada, Overbay is a secondaries private equity firm with approximately US$3 billion in assets under management. The firm specializes in highly diversified LP-led secondaries within private equity, growth equity, and venture capital. Overbay has developed deep experience in several differentiated niches, including technology, sports, and funds-of-funds. Its funds are backed by a broad, blue-chip investor base spanning both sophisticated institutional and private investors.

Implications for the Investment Community

This strategic investment underscores the growing interest and confidence in the secondaries market. As demand for liquidity solutions and secondaries strategies continues to accelerate, partnerships like this highlight the evolving landscape of private equity investments. Investors and stakeholders in the alternative asset space may find this development indicative of broader trends toward diversification and strategic growth within the industry.

For more information, please refer to the official announcement from Charlesbank Capital Partners.