PE · May 18, 2026 · 06b

Hydro-Vac Investment, LLC

Offering

$14.5M

Analysis

The three-GP structure with two named individuals (Steele and Roushdy) alongside Sound Growth Management suggests a hybrid operating model where the LLC likely serves as the main vehicle while the management company provides infrastructure; this arrangement is common for first-time institutional raises where GPs want operational continuity without committing to a full partnership immediately.

The absence of prior EDGAR filings indicates this is Sound Growth Management's inaugural institutional fund, meaning the $14M target represents an entry into formal LP capital rather than a continuation of an existing series—allocators should treat this as a manager's first formal test of institutional relationships and governance.

A mid-2026 filing positions this fund to close in late 2026 or early 2027, aligning with LP capital deployment cycles after mid-year portfolio reviews and ahead of year-end 2026 budget exhaustion; the 06b exemption (pre-existing relationships only) suggests the GPs are working from a known investor base rather than cold-market prospecting.

Before engaging, verify whether there is a key-man clause naming Steele or Roushdy and what happens to the fund's management if either departs—given no prior track record under Sound Growth Management's name, LP certainty on operational continuity and decision-making authority between the LLC and the management company is essential to underwriting manager stability.

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n/a Sound Growth Management, LP · Travis Steele · Peter Roushdy

SEC EDGAR →

0002130579-26-000002