MidOcean Partners Sails with $1.5B Raise for Sixth PE Fund

MidOcean Partners, a New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments, has closed its sixth fund – MidOcean Partners VI LP – with over $1.5 billion in capital commitments.

The fund is MidOcean’s largest fund since its inception in 2003 and exceeded its target, representing a 25% increase from its predecessor fund. Moreover, 15% of the fund is already deployed across two investments.

Fund VI will focus on the firm’s theme-driven investment approach, robust sourcing and differentiated operating executive model to drive transformative growth for the portfolio.

“Our methodical, theme-driven approach has enabled us to generate a strong pipeline of attractive investment opportunities,” says Erik Oken, MidOcean’s chairman of private equity. “We will continue to prudently deploy capital into our targeted sub-sectors with an eye on delivering transformative results across our portfolio.”

MidOcean has invested in over 50 platform companies in the consumer and business services sectors, as well as over 140 accretive add-on acquisitions since inception.