MidOcean racks up over $1.5bn for sixth fund

Fund VI invests in middle-market companies.

  • The fund is 25 percent larger than its predecessor fund, which closed at $1.2 billion in 2018
  • Since inception, MidOcean has invested in over 50 platform companies
  • MidOcean targets the consumer and business services sectors

MidOcean Partners has closed its sixth fund at over $1.5 billion.

Fund VI invests in middle-market companies.

The fund is 25 percent larger than its predecessor fund, which closed at $1.2 billion in 2018.

On the fundraising, Ted Virtue, founder and CEO of MidOcean Partners, said in a statement, “We are grateful for the strong support we received for Fund VI from both new and existing investors, and thank them for putting their trust in MidOcean. Given our proven investment approach and deep bench of talent – both internally and across our dedicated group of highly engaged operating partners – we are confident we can generate risk-adjusted returns, even amid volatile market conditions.”

Since inception, MidOcean has invested in over 50 platform companies in the consumer and business services sectors.

Based in New York, MidOcean Partners specializes in middle-market private equity and alternative credit investments. Since its inception in 2003, MidOcean Private Equity has targeted investments in middle-market companies in the consumer and business services sectors. MidOcean Credit Partners was launched in 2009 and currently manages a series of alternative credit strategies, collateralized loan obligations and customized separately managed accounts.