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Asset/Investment Management
FINANCE | Asset/Financial Management
oceanavenuecapital.com

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Investments

2

Portfolio Exits

1

Funds

5

About Ocean Avenue Capital Partners

Ocean Avenue Capital Partners is a Los Angeles-based investment firm focused on partnering with experienced managers to pursue investments in the special situations, niche private equity, and opportunistic credit space.

Ocean Avenue Capital Partners Headquarters Location

401 Wilshire Boulevard Suite 230

Santa Monica, California, 90401,

United States

424-238-0730

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Latest Ocean Avenue Capital Partners News

Inco-Check, LLC Acquired by Narrow Gauge Capital

May 19, 2022

Download May 19, 2022 06:00 AM Eastern Daylight Time BOSTON--( BUSINESS WIRE )--Inco-Check, LLC (“IC” or the “Company”) today announced that Narrow Gauge Capital (“NGC”) has completed the acquisition of a majority interest in the Company. For over 20 years, Inco-Check has been the standard when it comes to quality control and audit services and software for leading banks, credit unions, and lenders nationwide. Supported by NGC’s resources and expertise, the Company’s objective is to bring loan quality and fraud prevention to the foreground in today’s highly competitive mortgage and consumer lending markets. NGC believes the Company’s high-quality offering, proprietary platform, and reputation in the market make it the ideal platform to achieve this aspiration. “The Company’s high level of customer service and accurate, detailed reporting services have led to rapid growth in recent years. We are thrilled to have acquired Inco-Check to help shape the future of loan quality and fraud detection for the mortgage industry,” said Adam Doctoroff, partner at NGC. “Inco-Check has not only developed proprietary technology to support its clients, it also uses these same tools to provide a highly differentiated service offering, making it a one-stop shop for software and tech-enabled services,” said mortgage industry veteran Michael Detwiler, who partnered with NGC on the acquisition. “Easy to deploy, intuitive software, and tech-enabled services that support lenders’ and servicers’ loan quality requirements are must-haves in today’s market,” continued Detwiler. "NGC’s investment track record and deep networks in the mortgage services sector made them a very compelling partner for Inco-Check as we pursue continued growth and the expansion of our capabilities. Given their focus on partnering with founder-owned companies like Inco-Check, NGC is the ideal group to help us enhance the technology and client-focused service models that have made us so successful,” said Jack Lentz, founder of Inco-Check, who retained significant ownership interest in the Company in the transaction. “Adam and Mike clearly share our commitment to customer service, first and foremost, while also understanding the need for ongoing technology innovation and service-based differentiation,” concluded Donna Gibson, IC’s President. A consortium of investors led by Ocean Avenue Capital Partners, L.P. provided equity capital in the transaction alongside Narrow Gauge Capital. Berkery Noyes & Co., LLC and Keefe, Bruyette & Woods, Inc. served as financial advisors to Inco-Check, LLC. Winston & Strawn LLP served as legal counsel to NGC. About Inco-Check, LLC Inco-Check, LLC is a nationwide provider of software and end-to-end quality control, specialty audit, compliance, and reporting services for mortgage and consumer lenders and servicers. IC leverages QC Ally, its proprietary, web-based platform to support all GSE, regulatory agency, and investor requirements. IC’s software and services supercharge lenders’ and servicers’ ability to manage their enterprise quality and risk requirements across all lines of business. IC and its experienced support team provide its clients with highly accurate and cost-effective software and outsourcing solutions that surpass all legacy third-party audit companies and software providers. IC prides itself on the long-term customer relationships it has built over the past 20 years. Learn more at www.inco-check.com/ . About Narrow Gauge Capital Narrow Gauge Capital, based in Boston, is a private equity firm controlled by Adam Doctoroff and Travis Metz. NGC pursues buyouts and recapitalizations in growth-oriented businesses with strong management teams. NGC is currently pursuing transactions in areas where it has specialized expertise and past transaction experience, including healthcare services, financial services, and building products, distribution, and logistics. Learn more at www.narrowgaugecapital.com . About Ocean Avenue Capital Partners, L.P. Ocean Avenue Capital Partners, L.P. is an independent private equity firm based in Santa Monica, California. Ocean Avenue, founded in 2010, focuses on lower middle market and special situation investments sourced through its extensive network of independent sponsor relationships throughout North America. Learn more at oceanavenuecapital.com . Contacts

Ocean Avenue Capital Partners Investments

2 Investments

Ocean Avenue Capital Partners has made 2 investments. Their latest investment was in BrandShare as part of their Recap on April 4, 2015.

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Ocean Avenue Capital Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/29/2015

Recap

BrandShare

Yes

1

10/13/2000

Series C

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$99M

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10

Date

4/29/2015

10/13/2000

Round

Recap

Series C

Company

BrandShare

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Amount

$99M

New?

Yes

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Co-Investors

Sources

1

10

Ocean Avenue Capital Partners Portfolio Exits

1 Portfolio Exit

Ocean Avenue Capital Partners has 1 portfolio exit. Their latest portfolio exit was BrandShare on May 12, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/12/2022

Acquired

$99M

1

Date

5/12/2022

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

1

Ocean Avenue Capital Partners Acquisitions

1 Acquisition

Ocean Avenue Capital Partners acquired 1 company. Their latest acquisition was Qualy-Pak Specialty Foods on April 15, 2012.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/15/2012

$99M

Acq - Fin

Date

4/15/2012

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acq - Fin

Sources

Ocean Avenue Capital Partners Fund History

5 Fund Histories

Ocean Avenue Capital Partners has 5 funds, including Ocean Avenue Fund IV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

8/3/2020

Ocean Avenue Fund IV

Diversified Private Equity

Open

$350M

4

8/3/2020

Ocean Avenue Fund IV Cayman

$99M

10

11/17/2016

Ocean Avenue Fund III

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$99M

10

4/28/2015

Ocean Avenue Fund III-P LP

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$99M

10

3/27/2014

Ocean Avenue Fund II LP

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$99M

10

Closing Date

8/3/2020

8/3/2020

11/17/2016

4/28/2015

3/27/2014

Fund

Ocean Avenue Fund IV

Ocean Avenue Fund IV Cayman

Ocean Avenue Fund III

Ocean Avenue Fund III-P LP

Ocean Avenue Fund II LP

Fund Type

Diversified Private Equity

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Status

Open

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Amount

$350M

$99M

$99M

$99M

$99M

Sources

4

10

10

10

10

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