MidOcean Partners raises over $1.5bn for sixth PE fund

MidOcean Partners, a New York-based alternative asset manager specialising in middle-market private equity and alternative credit investments, has closed MidOcean Partners VI, with over $1.5 billion in capital commitments, making it MidOcean’s largest fund since inception. 

MidOcean Partners (MidOcean), a New York-based alternative asset manager specialising in middle-market private equity and alternative credit investments, has closed MidOcean Partners VI (Fund VI), with over $1.5 billion in capital commitments, making it MidOcean’s largest fund since inception. 

Fund VI, which exceeded its target and is 25% larger than its predecessor fund, received significant support from existing investors and welcomed a range of new institutional limited partners globally.

Fund VI will look to invest in high-quality, middle market companies. To date, MidOcean has deployed 15% of Fund VI’s capital across two investments.

The close of Fund VI follows the close of MidOcean Partners V, LP, a $1.2 billion fund. Since inception, MidOcean has invested in over 50 platform companies in the consumer and business services sectors, as well as over 140 accretive add-on acquisitions.