MidOcean Partners is a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments. Since its inception in 2003, MidOcean Private Equity has targeted investments in high-quality middle-market companies in the consumer and business services sectors. MidOcean Credit was launched in 2009 and currently manages a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts.

Businesses

Private Equity

MidOcean Private Equity focuses on transfomative growth opportunities in US middle-market companies within the consumer and business services sectors.

Learn More

Credit

MidOcean Credit creates value for our investors through research-driven alternative credit strategies.

Learn More

Core Principles

We are a trusted fiduciary of client assets.

Compass
Our priority is always to act in the best interests of our clients.
No one will ever outwork or outhustle us for business.
We conduct business with the highest level of honesty and integrity.
We strive to generate superior returns in our chosen markets.
Creativity is at the core of our investment approach.
We work collaboratively, intelligently and judiciously.
Our most important asset is our people.
We strive to recruit and retain the best talent.
We stress teamwork in everything we do.
We value the opinion of every member of the firm and seek consensus across all investment decisions.

We give back to the communities in which we work and live.

Leadership

Ted Virtue

Ted Virtue

CEO

Ted Virtue is Chief Executive Officer of MidOcean Partners and leads MidOcean Private Equity

Steve Shenfeld

Steve Shenfeld

Chairman

Steve Shenfeld is President of MidOcean Credit and responsible for the strategic development activities of the Firm

Deborah Hodges

Deborah Hodges

Chief Operating Officer, Managing Director

Debbie Hodges, Chief Operating Officer and Managing Director, joined MidOcean Partners at its inception.

Dana Carey

Dana Carey

Chief Investment Officer, Managing Director

Dana Carey, Chief Investment Officer, joined MidOcean Credit Partners in 2019.

Jim Scarfone

Jim Scarfone

Chief Human Resources Officer, Executive Board

Jim Scarfone, Chief Human Resources Officer, joined MidOcean Partners in 2019.

Andrew Spring

Andrew Spring

Chief Financial Officer, Managing Director

Andrew Spring, Chief Financial Officer and Managing Director, joined MidOcean Partners at its inception.

History

  • 2019

    Closed CLO X, MidOcean's first CLO structured to include ESG parameters

  • 2018

    Closed on $1.2 billion for MidOcean’s fifth private equity fund – MidOcean Partners V, LP and closed two additional CLOs

  • 2017

    MidOcean Credit Partners AUM crosses the $5 billion threshold

  • 2016

    Raised capital for a closed-end credit strategy targeting less liquid names – MidOcean Tactical Fund I, LP

  • 2015

    Closed MidOcean’s fourth private equity fund – MidOcean Partners IV, LP and raised CLO IV

  • 2014

    Closed CLO II and CLO III

  • 2013

    Launched MidOcean Credit’s Structured Product Business with the closing of its first CLO

  • 2010

    Launched MidOcean Credit’s second strategy – MidOcean Absolute Return Fund

  • 2009

    MidOcean Credit Partners formed and launched MidOcean Credit’s first strategy – MidOcean Credit Opportunity Fund

  • 2006

    Raised $1.3+ billion for third private equity fund, MidOcean Partners III, LP and its parallel vehicles

  • 2004

    Closed MidOcean’s second private equity fund, MidOcean Partners II, LP

  • 2003

    MidOcean Partners formed through the management buyout of Deutsche Bank’s $1.8 billion private equity business