MidOcean Partners, a New York-based alternative asset manager specializing in middle-market private equity, structured capital and alternative credit investments, closed its third opportunistic credit fund, MidOcean Tactical Credit Fund III and related separately managed accounts, with commitments totaling $765 million. The fund received strong support from a diverse base of institutional investors globally, including new and existing MidOcean clients.
“We are pleased with the demand we received for our third opportunistic credit fund and are grateful to our investors for the trust they have placed in our platform and team,” Dana Carey, chief investment officer of MidOcean’s credit business, said. “We believe the breadth and depth of the MidOcean platform and network, coupled with the fund’s flexible mandate, provide us access to proprietary origination and an ability to execute superior opportunities often overlooked by other credit market investors. Looking ahead, we see many opportunities to deploy capital across mid-sized situations where we have significant expertise and the market is undergoing transition. We are confident in our team’s ability to continue transacting to deliver attractive risk-adjusted returns for our investors.”
