MidOcean Partners has held a final close of its latest fund, MidOcean Partners V LP, at its hard cap $1.2 billion of limited partner commitments. The new fund was oversubscribed and closed above its original $1 billion target.
MidOcean invests in middle market companies that are active in the business and consumer services sectors. The firm is based in New York (www.midoceanpartners.com).
In 2018, Fund V completed investments in five portfolio companies with the two most recent closing just last month: Florida Food Products, a Eustis, FL-based formulator and manufacturer of vegetable and fruit-based ingredients used in the food, beverage, and pet nutrition industries; and Questex, a Newton, MA-based business information and events company.
Since its founding in 2003, MidOcean has now raised five private equity funds with total capital commitments of over $4.5 billion.
Kirkland & Ellis provided legal services to MidOcean on this fundraise.
© 2018 Private Equity Professional | October 4, 2018