MidOcean Partners raises $1.2bn

The New York-based private equity firm holds a final close of its fifth fund.

MidOcean Partners has held a final close of its latest fund, MidOcean Partners V at its $1.2 billion hard cap, exceeding its $1.0 billion target.

Similar to MidOcean’s predecessor vehicles, the oversubscribed fund will seek investments in middle market companies focused on the business services and consumer sectors.

Fund V has already completed investments in five portfolio companies including Florida Food Products and Questex as of September 2018.