MidOcean Partners LLP

What MidOcean Partners LLP does

MidOcean Partners LLP is a New York-based alternative asset manager founded in 2003 that invests through three integrated strategies: Private Equity, Credit, and Structured Capital Solutions. The Private Equity business targets middle-market companies (typically $20-100M revenue or up to $50M EBITDA) in consumer and business services sectors using a theme-driven, sector-focused approach supported by 25+ dedicated operating partners. The Credit business, operated through MidOcean Credit Partners, runs opportunistic credit funds (Tactical Credit Fund III closed at $765M in June 2024), collateralized loan obligations (approximately $1.5B across four vehicles and a $300M inaugural CLO Equity Fund), and customized separately managed accounts. Structured Capital Solutions, launched in 2024, provides non-control capital such as the $197.5M EquipmentShare structured equity transaction (January 2025) and up to $600M in home equity purchases from Point (December 2025). MidOcean's go-to-market combines direct deal sourcing by investment professionals and operating partner networks with strategic partnerships such as MPearlRock (a January 2024 collaboration with Kroger and 84.51° leveraging retail data science for emerging CPG brands in the $30-100M revenue range). Fundraising is conducted through direct institutional investor relationships — pension funds, endowments, sovereign wealth, and family offices — with the firm's sixth private equity fund closing above $1.5B in April 2023. Revenue is generated from management fees (typically 1.5-2% on committed capital during the investment period, declining thereafter) and carried interest (typically 20% above hurdle) on realizations, plus structuring and credit-related fees; the firm manages $11BN+ in assets under management and reports a 25-year track record across multiple market cycles.

Name

MidOcean Partners LLP

Legal name

MidOcean Partners, LP

Website

https://midoceanpartners.com

Company type

Private

Founded year

2003

Operating status

Operating

Short description

MidOcean Partners is a New York-based alternative asset manager founded in 2003 managing $11BN+ across middle-market private equity, alternative credit, and structured capital solutions for institutional investors.

Ownership category

akta.pro rank

Product category

Private Equity and Alternative Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239)

SIC

Investment Advice (6282)

akta.pro primary industry

Middle-Market Lending (FSANADAI)

akta.pro secondary industry

Private Credit / Direct Lending (FSAAAHAG)

Keywords

• Private equity
• Alternative credit
• Middle-market investing
• Structured equity capital
• Asset management

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Private Equity Management: Management fees from private equity funds (typically 1.5-2% of committed capital) and performance fees/carried interest (typically 20% of profits above hurdle rate). Sixth PE fund raised over $1.5 billion.
2. Alternative Credit Management: Management fees from credit funds including CLO equity and tactical credit strategies. Tactical Credit Fund III raised $765 million. CLO issuance totaled $1.5 billion across four vehicles.
3. Structured Capital Solutions: Non-control capital investments providing creative financing solutions to middle-market companies. First investment made in GridHawk.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

MidOcean Partners is a private equity and alternative credit asset manager that invests in middle-market companies in consumer and business services sectors. The firm manages over $11 billion in assets through Private Equity, Alternative Credit, and Structured Equity strategies, raising institutional funds such as its sixth private equity fund ($1.5B+) and third Tactical Credit Fund ($765M). It partners with founders and management teams to provide growth capital, operational expertise, and acquisition support, while charging management fees and carried interest to institutional investors.

Product overview

MidOcean Partners LLP is a premier New York-based alternative asset manager offering three core investment strategies: Private Equity (targeting middle-market companies in consumer and business services), Credit (alternative credit strategies including opportunistic credit funds, CLOs, and structured solutions), and Structured Equity (non-control capital solutions for middle-market companies). The firm manages $11BN+ in assets under management across these strategies, serving institutional investors and partners.

Differentiator

Problem solved

Functional benefit

Brands

• MidOcean Tactical Credit Fund III: Third opportunistic credit fund targeting mid-sized direct lending, stressed, distressed and dislocated performing investments
• MidOcean Credit Partners
• MPearlRock

Products and services

• Private Equity (MidOcean Private Equity) Private equity fund strategy focused on middle-market companies in consumer and business services sectors. Combines theme-driven sector focus, engaged operating resources, and collaborative partnerships with founders and leadership teams. The sixth fund raised over $1.5 billion.
• Alternative Credit (MidOcean Credit) Alternative credit investment management including opportunistic credit funds, Collateralized Loan Obligations (CLOs), and customized separately managed accounts. Leverages specialized credit research and MidOcean's broader platform. Tactical Credit Fund III raised $765 million in June 2024 and CLO Equity Fund surpassed $300 million in December 2024.
• Structured Equity (Structured Capital Solutions) Non-control creative financing solutions and structured capital for middle-market companies, combining debt and equity characteristics. Provides flexible capital structures, growth financing without dilution, and recapitalization options. Examples include a $197.5M structured equity investment in EquipmentShare (2025) and investments in Emergency Care Partners and Point.
• MPearlRock (CPG Investment Platform) Strategic CPG investment platform formed in partnership with Kroger and PearlRock Partners, leveraging 84.51° retail data science to identify emerging consumer packaged goods brands with $30-100M annual revenue for investment.

Quantifiable outcome

• Zonda achieved more than 50 consecutive quarters of year-over-year ARR growth
• +3 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Kroger (PearlRock Partners)coreStrategic or Co-development Partner · 11 January 2024Formation of MPearlRock, a strategic collaboration between MidOcean Partners and Kroger's consumer product investment platform PearlRock Partners. The collaboration combines MidOcean's private equity expertise with Kroger's retail experience and 84.51° data science capabilities to identify and invest in emerging CPG brands with $30-100M annual revenue.
• 84.51°coreStrategic or Co-development Partner · 11 January 2024Kroger's retail data science and insights subsidiary providing consumer analytics to MPearlRock platform for identifying emerging CPG investment opportunities and understanding consumer purchasing patterns.

Scale indicators12 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Audax Group: Middle-market private equity firm pursuing control buyouts in business services and consumer-related companies, with a comparable fund-size and operating-resource approach.
• Lightyear Capital: Middle-market private equity firm focusing on financial services and business services, with a similar fund profile and operating-partner engagement to MidOcean.
• Stone Point Capital: Middle-market private equity firm concentrating on financial and business services, with comparable fund size and an institutionally focused LP base that mirrors MidOcean's investor profile.
• Levine Leichtman Capital Partners: Middle-market private equity firm investing across consumer and business services; it sold Smith System to MidOcean, underscoring direct overlap in deal sourcing and investment themes.
• Madison Dearborn Partners: Long-established middle-market private equity firm with comparable sector focus on business services and consumer, making it a natural strategic peer for deal flow and fundraising.
• A&M Capital Partners: Middle-market private equity investor that hires from and competes with MidOcean's team (e.g., Joe Dentici), with a similar consumer and business services focus.
• New Mountain Capital: Middle-market private equity firm focused on defensive, growth-oriented sectors with a similar fund-size profile and operating-partner model, making it a closely comparable middle-market sponsor.

Broad incumbents

• Carlyle Group: Global alternative asset manager with middle-market U.S. private equity operations that overlap with MidOcean's sector coverage and competes for similar deals and LP relationships.
• Ares Management: Major alternative asset manager with extensive credit and private equity franchises; especially comparable to MidOcean's Tactical Credit and CLO Equity strategies and middle-market direct lending focus.
• Apollo Global Management: Large alternative asset manager spanning private equity, credit, and structured solutions; competes with MidOcean's full platform while also serving institutional investors with similar fund offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/midocean-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MidOcean Partners LLP