MidOcean Partners, a New York-based middle market private equity firm focused on the business services and consumer sectors, closed its latest fund, $1.2 billion.
Consistent with prior funds, MidOcean Partners V, L.P., is targeting investments in middle market companies in the consumer and business services sectors.
In 2018, Fund V has completed investments in five portfolio companies including, Florida Food Products and Questex, which were announced in September.
Established in 2003, MidOcean is an alternative asset manager that specializes in middle market private equity and alternative credit investments. The firm has managed five private equity funds with total capital commitments of over $4.5 billion.