MidOcean Partners
MidOcean Partners is a New York-based alternative asset manager with $11B+ AUM operating two integrated platforms—middle-market private equity focused on Consumer and Business Services companies ($50M-$300M+ equity checks), and a $7B alternative credit business spanning CLOs, opportunistic credit, and structured equity, supported by 25+ Operating Partners.
- Company typePrivate
- Founded2003
- HeadquartersNew York, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What MidOcean Partners does
MidOcean Partners is a New York-based alternative asset manager founded in 2003 through a management buyout of Deutsche Bank's $1.8 billion private equity business, led by CEO Ted Virtue (former CEO of DB Capital Partners). The firm operates three integrated business lines: MidOcean Private Equity, targeting middle-market Consumer and Business Services companies with enterprise values of $100-$750+ million and equity investments of $50-$300+ million across six flagship funds (most recently Fund VI at $1.5B+ in April 2023); MidOcean Credit, a $7 billion alternative credit platform spanning Capital Solutions, Asset Based Finance, Opportunistic Credit, Loans/CLOs, High Yield, and Multi-Asset Credit (10 CLOs closed, Tactical Credit Fund III at $765M in June 2024, inaugural CLO Equity Fund surpassing $300M in December 2024); and a Structured Equity platform launched in 2024 providing bespoke capital solutions such as the $197.5M EquipmentShare sale-leaseback. The firm also operates MPearlRock, a strategic partnership with The Kroger Company, PearlRock Partners, and 84.51° targeting emerging CPG brands of $50-150M revenue.
The firm manages $11B+ in assets under management supported by 25+ Operating Partners with deep sector expertise in automotive aftermarket, food and ingredients, franchising, driver safety, and professional services. The portfolio includes over 20 platform companies spanning consumer brands (Holley, Image Skincare, Louisiana Fish Fry, Casper's Ice Cream, Travelpro, PPLSI/LegalShield, QualiTech, MPearlRock CPG brands), business services (Zonda, Questex, Music Reports, Smith System, SI Solutions, GHR Healthcare, Affinity Dental Management, The Re-Sourcing Group/Conexus), and auto aftermarket services (FullSpeed Automotive, Cloyes, Arnott). Notable technology assets within the portfolio include Zonda's proprietary and patented AI-driven data platform covering 500+ housing metrics with 50+ consecutive quarters of ARR growth, Smith System's 5Keys Engage App deployed across 21 countries, Music Reports' Songdex® and Cuetrak™ music rights databases, and SI Solutions' engineering/testing/inspection platforms.
MidOcean's revenue model is built on management and incentive fees from closed-end funds, CLOs, separately managed accounts, and structured equity vehicles, supplemented by carried interest realizations on exits. Distribution is direct enterprise origination to founders, management teams, and corporate sellers for PE transactions, and direct origination for sponsor and non-sponsor middle-market borrowers for credit. The May 2026 exit cycle (Cloyes continuation vehicle, Questex to Apollo, Zonda to CoStar for $800M cash) demonstrates an active realization cadence. The firm is structured as a limited partnership (MidOcean Partners, LP / MidOcean US Advisor, LP), received a strategic minority investment from Hunter Point Capital in November 2021, and maintains UNPRI signatory status and ILPA membership.
MidOcean Partners firmographics
Firmographics- Name
- MidOcean Partners
- Legal name
- MidOcean Partners, LP
- Website
- https://www.midoceanpartners.com/
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- MidOcean Partners is a New York-based alternative asset manager with $11B+ AUM operating two integrated platforms—middle-market private equity focused on Consumer and Business Services companies ($50M-$300M+ equity checks), and a $7B alternative credit business spanning CLOs, opportunistic credit, and structured equity, supported by 25+ Operating Partners.
- Ownership category
- akta.pro rank
Where MidOcean Partners is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
MidOcean Partners business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- Private Equity Management and Performance Fees: Carried interest and management fees from middle-market private equity funds across six flagship funds, with Fund VI raised at over $1.5 billion in April 2023. Generates returns through control/majority investments across Consumer and Business Services sectors.
- Alternative Credit Management Fees: Management and incentive fees from a $7 billion credit platform encompassing CLOs (10 closed to date), Tactical Credit Fund III ($765M closed June 2024), CLO Equity Fund I (surpassed $300M target), and Opportunistic Credit strategies. Includes structured CLO issuance, high yield, and multi-asset credit strategies.
- Direct Origination and Asset-Based Lending: Cash flow and asset-based lending to sponsor and non-sponsor middle-market borrowers, with debt investments of $10 - $100+ million per transaction. Includes forward flow purchase agreements for home equity investments (HEIs) originated by Point Digital Finance.
- Structured Equity / Structured Capital Solutions: Structured capital solutions to middle-market companies, including sale-leaseback structured equity ($197.5M with EquipmentShare in January 2025) and structured equity to Emergency Care Partners and GridHawk. Launched as a new platform in 2024.
- Portfolio Company Operations (CPG Consumer Brands via MPearlRock): Revenue from portfolio companies acquired and scaled under MPearlRock (Kroger/PearlRock/MidOcean partnership), targeting $50-150m revenue CPG brands such as nutpods and The Good Crisp Company sold through retail and e-commerce channels.
- Revolving Credit Facility-Based Investments: $100 million revolving credit facility from Cross River Bank secured by home equity investment contracts originated by Point, supporting a forward flow purchase agreement to acquire up to $600 million of HEIs. Generates returns through investment yield.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Private Equity Investment Criteria |
| Other | Multi-year contract | Private Credit Investment Criteria |
| Other | Multi-year contract | MPearlRock Portfolio Company Criteria |
Go-to-market motion4 records
Distribution channels12 records
Marketing channels9 records
MidOcean Partners product offering
Product offeringCore offering
MidOcean Partners is a New York-based alternative asset manager that invests in middle-market companies through two integrated platforms: MidOcean Private Equity, which makes control/majority equity investments of $50M–$300M+ in Consumer and Business Services companies with enterprise value of $100M–$750M+, and MidOcean Credit, which originates $10M–$100M+ debt investments across the capital structure via Capital Solutions, Asset Based Finance, Opportunistic Credit, Loans/CLOs, High Yield, and Multi-Asset Credit strategies. The firm also operates Structured Equity Solutions and the MPearlRock strategic partnership with Kroger and PearlRock Partners for emerging CPG brands.
Product overview
MidOcean Partners is a premier New York-based alternative asset manager offering two integrated business lines: MidOcean Private Equity (middle-market investments in Consumer and Business Services sub-sectors, including Vehicle Aftermarket, Food & Beverage, Food Value Chain, Franchise Services, Media/Marketing/Information Services, Professional Services, Infrastructure Services, and Upskilling & Training) and MidOcean Credit (alternative credit strategies across Capital Solutions, Asset Based Finance, Opportunistic Credit, Loans/CLOs, High Yield, and Multi-Asset Credit). The platform also includes Structured Equity (added in 2024) and the MPearlRock strategic partnership with Kroger. Its investment products are realized through a portfolio of operating companies — including platform companies such as Zonda (data, marketplace and software for the new home ecosystem, with proprietary AI-driven data collection and workflow tools), Questex (B2B information services and events), SI Solutions (engineering, testing, inspection), Music Reports (music rights data and administration via Songdex® and CuetrakTM), Smith System (driver safety and fleet training, including the 5Keys Engage App), Cloyes (automotive aftermarket timing drive systems), QualiTech (ingredient solutions), Louisiana Fish Fry (branded food), Casper's Ice Cream (frozen novelties), Travelpro Group, Image Skincare, PPLSI/LegalShield, GHR Healthcare, GSTV (digital out-of-home and retail media), FullSpeed Automotive, Arnott, Affinity Dental Management, Vibrant Ingredients, Empower Brands, and The Re-Sourcing Group / Conexus / CRC — together with credit products such as the MidOcean Tactical Credit Fund series, CLO equity funds, the Point HEI forward flow program, EquipmentShare/OWN ABS programs, and the Cloyes single-asset continuation vehicle.
Differentiator
Problem solved
Functional benefit
Brands
- MPearlRock: Strategic partnership between MidOcean Partners, PearlRock Partners, and Kroger investing in emerging CPG brands of $50-150m revenue / $1m+ EBITDA in food & beverage and related categories.
- MidOcean Credit
Products and services
- MidOcean Private Equity Middle-market private equity strategy with theme-driven sector focus on Consumer and Business Services sub-sectors, including Vehicle Aftermarket, Food & Beverage, Food Value Chain, Franchise Services, Media/Marketing/Information Services, Professional Services, Infrastructure Services, and Upskilling & Training. Targets companies with enterprise value of $100M–$750M+ in North America with preference for majority ownership. Six flagship funds raised since 2003.
- MidOcean Credit Alternative credit platform investing across the capital structure for sponsor and non-sponsor middle-market borrowers with enterprise value of $250M–$1B+ via debt investments of $10M–$100M+. Spans Capital Solutions, Asset Based Finance, Opportunistic Credit, Loans/CLOs, High Yield, and Multi-Asset Credit strategies. Includes 10 CLOs closed to date.
- MidOcean Tactical Credit Fund III Opportunistic credit fund targeting off-the-run, mid-sized direct lending, stressed, distressed and dislocated performing investments as part of the MidOcean Credit platform. Fund III closed at $765 million in June 2024.
- MPearlRock Strategic partnership between MidOcean Partners, PearlRock Partners, and The Kroger Company (with 84.51° data analytics) investing in emerging CPG brands with $50-150M revenue and $1m+ EBITDA in food & beverage and related categories. Provides portfolio companies with Kroger retail distribution, 84.51° data analytics, and operational expertise. Portfolio includes nutpods and The Good Crisp Company.
- MidOcean Cloyes Continuation Vehicle Single-asset continuation vehicle for Cloyes Gear and Products, Inc. closed at approximately $300 million, with Hamilton Lane (Nasdaq: HLNE) as sole lead investor. Extends MidOcean's controlling stake while providing existing investors liquidity or continued participation options.
- MidOcean HEI Forward Flow Program with Point Digital Finance
- Zonda (Bora, Inc.) Data, marketplace, and software platform purpose-built for the new home ecosystem, with proprietary and patented AI-driven data collection and workflow tools spanning land discovery, homebuilding, home discovery, and homebuying. Includes subscription-based data and intelligence (500+ housing metrics), NewHomeSource and Livabl marketplaces, and software solutions for virtual home evaluation. Serves over 3,000 customers across North America.
- Music Reports (MRI) Leading independent provider of music rights data, administration, and management services leveraging proprietary databases Songdex® and Cuetrak™ to deliver rights, payments, and royalties solutions for the music and entertainment industries globally.
- Smith System Global leader in driver safety training with principles proven for over 70 years. Trained millions of employee drivers in more than 100 countries and 22 languages. Customer base includes over 20% of the Fortune 500. Includes the 5Keys Engage App (digital driver safety program) and an integrated driver safety and fleet analytics platform formed by acquisition of Utilimarc.
- SI Solutions Leading provider of highly technical engineering, testing, inspection, and maintenance solutions across six market-focused business units (Nuclear, Power Services, Critical Infrastructure, Utility Gas, Process Industries, Advanced Manufacturing) for utility and critical infrastructure end markets. Formed in 2022 from the combination of Structural Integrity Associates and C2C Technical Services.
- Cloyes Gear and Products North American leader and global designer, developer, manufacturer, and distributor of mission-critical timing drive systems and components for the automotive aftermarket. Founded in 1921. Sells under Cloyes® brand in North America and Dynagear® in Mexico.
- FullSpeed Automotive Industry-leading auto aftermarket services platform offering oil changes, tire sales and rotations, brake services, car washes, and other ancillary services through brands including Grease Monkey®, SpeeDee®, American Lubefast®, Uncle Ed's Oil Shoppe®, and Havoline xpress lube locations. Operates nearly 600 centers across the U.S. and internationally.
- Questex Leading B2B information services and event platform serving Life Sciences, Health & Wellness, Living, and Entertainment & Infrastructure sectors with approximately 45 events, media properties (Fierce properties), and marketing services serving over 6 million business professionals globally. Expanded through seven strategic add-on acquisitions during MidOcean's ownership.
- GSTV Digital video and retail media company founded in 2005, engaging over 115 million monthly high-intent viewers at more than 29,000 fuel and convenience retail locations with targeted, full-sound video advertising supported by advanced data and analytics.
Quantifiable outcome
- Zonda more than doubled in scale and achieved 50+ consecutive quarters of year-over-year ARR growth under MidOcean ownership through nine strategic add-on acquisitions
- +7 more outcomes
Companies that use MidOcean Partners
Customer profileNamed customers10 records
Segments6 records
Ideal customer profiles4 records
MidOcean Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability9 records
Feature7 records
MidOcean Partners partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core, minor and flagship.
- CoStar GroupcoreMidOcean Partners signed a definitive agreement in May 2026 to sell Zonda (Bora, Inc. and subsidiaries) to CoStar Group, Inc. (NASDAQ: CSGP) for $800 million in cash. Zonda, the leading data, marketplace, and software platform for the new home ecosystem, will combine with CoStar's global real estate information and analytics platform. The transaction is expected to close in H2 2026 and represents MidOcean's third liquidity event that month.
- Apollo Global ManagementcoreMidOcean Partners signed a definitive agreement to sell Questex, LLC to funds managed by Apollo (NYSE: APO) in May 2026. Questex is an information services and event platform company serving over 6 million business professionals across hospitality, travel, wellness, life sciences, and technology. Apollo plans to combine Questex with Emerald Expositions Events (NYSE: EEX) which it is separately acquiring, creating a combined entity operating approximately 160 events.
- ATL PartnersminorATL Partners is listed as a related entity on the MidOcean Partners website footer. ATL Partners is an affiliate aviation and aerospace-focused investment firm that shares related branding with MidOcean.
- Solidarity of Unbridled LabourminorSolidarity of Unbridled Labour is MidOcean's brand strategy, design concepts, and collateral partner, with a brand book PDF available for download from the homepage.
- Point Digital FinanceflagshipMidOcean Partners entered into a forward flow purchase agreement with Point Digital Finance, Inc., a leading home equity investment platform, in December 2025 to purchase up to $600 million of Point's HEI assets. Point has helped over 20,000 property owners access more than $2 billion in equity since 2015. Teddy Tawil, Managing Director and Co-Head of Opportunistic Credit at MidOcean, and Dana Carey, CIO of MidOcean Credit, will partner with Point on the initiative.
- BrightmileminorSmith System (MidOcean-backed) acquired Brightmile in February 2025 to accelerate delivery of an enhanced driver safety solution combining mobile-first driver behavior insights with Smith System's training platform.
- UtilimarccoreMidOcean-backed Smith System acquired Utilimarc, a Minneapolis-based fleet analytics company, in October 2025, creating the industry's first integrated platform uniting driver training with fleet-wide analytics and benchmarking. Utilimarc complements Smith System's driver safety training offerings.
- PearlRock PartnersflagshipPearlRock Partners (Kroger's consumer product investment arm) is a co-founder of MPearlRock alongside MidOcean Partners and Kroger. MPearlRock was launched in 2024 as a New York-based asset manager partnership to invest in emerging CPG brands of $50-150m revenue and $1m+ EBITDA. PearlRock/MidOcean/Kroger operational expertise supports portfolio companies including nutpods and The Good Crisp Company.
- The Kroger CompanyflagshipThe Kroger Company, along with PearlRock Partners (its consumer product investment arm) and its data subsidiary 84.51°, formed a strategic partnership with MidOcean to create MPearlRock, targeting emerging CPG brands of $30-100 million in annual revenue. The collaboration provides emerging brands with Kroger retail distribution, 84.51° data analytics, and PearlRock/MidOcean operational expertise. Three Operating Advisors (Mark Ramadan, Bill Toler, Bob Ostryniec) were added in February 2026 to strengthen value creation.
- 84.51°core84.51°, The Kroger Company's data and analytics subsidiary, is a partner in MPearlRock along with MidOcean Partners and PearlRock Partners. 84.51° provides proprietary analytical capabilities and data-driven insights to support emerging CPG brand investments within the MPearlRock portfolio.
Scale indicators24 records
Recent moves12 records
Expansion highlights7 records
MidOcean Partners competitors and assessment
Company assessmentDirect peers
- Wynnchurch Capital: Middle-market private equity firm targeting operationally intensive, special situations, and credit investments. Comparable on middle-market PE/credit dual-platform focus and mid-size deal ranges.
- HIG Capital: Global alternative asset manager with dedicated middle-market private equity, private debt, and special situations funds. Highly comparable diversified middle-market PE and credit platform to MidOcean.
- American Industrial Partners: Middle-market PE firm focused on industrial and business services companies. Comparable in middle-market buyout strategy with operating-partner-led value creation model.
- Audax Group: Boston-based middle-market private equity firm focused on building platforms through add-on acquisitions across business services, consumer, and healthcare. Directly comparable to MidOcean's strategy and target company profile.
- Lindsay Goldberg: Middle-market private equity firm with a diversified consumer, business services, and industrials focus. Comparable middle-market buyout profile.
- JLL Partners: Middle-market private equity firm focused on healthcare services, business services, and consumer products. Comparable diversified middle-market PE strategy.
- Centre Partners: Middle-market private equity firm with a long-standing consumer and business services focus, including operationally intensive control investments. Comparable thesis and target deal sizes.
- Wind Point Partners: Chicago-based middle-market private equity firm investing in consumer products and business services. Comparable in thematic consumer/business services focus and add-on-driven platform building.
- Lee Equity Partners: Middle-market PE firm investing across financial services and business services. Comparable middle-market consumer/business services orientation.
- Stone Point Capital: Middle-market private equity firm specializing in financial and business services. Comparable middle-market PE and credit platform focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
MidOcean Partners social profiles
Digital presenceMidOcean Partners compliance and trust
Trust signalCompliance5 records
MidOcean Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
MidOcean Partners leadership team
Management profileNumber of profiles
Profiles19 records
MidOcean Partners subsidiaries and ownership
Company hierarchySubsidiaries24 records
MidOcean Partners funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MidOcean Partners M&A and investment
M&A and investmentM&A34 records
Investments13 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MidOcean Partners
What does MidOcean Partners do?
MidOcean Partners is a New York-based alternative asset manager that invests in middle-market companies through two integrated platforms: MidOcean Private Equity, which makes control/majority equity investments of $50M–$300M+ in Consumer and Business Services companies with enterprise value of $100M–$750M+, and MidOcean Credit, which originates $10M–$100M+ debt investments across the capital structure via Capital Solutions, Asset Based Finance, Opportunistic Credit, Loans/CLOs, High Yield, and Multi-Asset Credit strategies. The firm also operates Structured Equity Solutions and the MPearlRock strategic partnership with Kroger and PearlRock Partners for emerging CPG brands.
Is MidOcean Partners a public or private company?
MidOcean Partners is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was MidOcean Partners founded?
MidOcean Partners was founded in 2003. It employs 101 to 250 people.
Where is MidOcean Partners based?
MidOcean Partners is headquartered in New York, United States, in the North America region.
How does MidOcean Partners make money?
Six revenue lines are on record. Private Equity Management and Performance Fees are the primary driver. The others are alternative Credit Management Fees, direct Origination and Asset-Based Lending, structured Equity / Structured Capital Solutions, portfolio Company Operations (CPG Consumer Brands via MPearlRock) and revolving Credit Facility-Based Investments.
Who are MidOcean Partners's main competitors?
Direct peers on record are Wynnchurch Capital, HIG Capital, American Industrial Partners, Audax Group, Lindsay Goldberg, JLL Partners, Centre Partners, Wind Point Partners, Lee Equity Partners and Stone Point Capital.
Does MidOcean Partners have an API?
No public API is recorded for MidOcean Partners.