MidOcean Partners, a premier middle market private equity firm focused on the business services and consumer sectors, has held the final close of its latest fund, MidOcean Partners V.
Fund V was oversubscribed and closed at its hard cap with USD1.2 billion of limited partner commitments, exceeding its USD1.0 billion target.
Consistent with MidOcean’s prior funds, Fund V is targeting investments in attractive middle market companies in the consumer and business services sectors. A core tenet of MidOcean’s investment strategy has been to leverage the talent and operating expertise of its Executive Board, which is comprised of senior executives each of whom has a strong record of driving transformational growth in companies across MidOcean’s target sectors.
In 2018, Fund V has successfully completed investments in five portfolio companies including, Florida Food Products and Questex, which were announced in September.
Since its inception in 2003, MidOcean has managed five private equity funds with total capital commitments of over USD4.5 billion. MidOcean is grateful for the strong support it received from its existing investor base who participated in Fund V and welcomes many high-quality new limited partners.
