MidOcean Partners Completes $304 Million Final Close of Inaugural CLO Equity Fund

– MidOcean CLO Equity Fund I successfully closed with $304 million in capital commitments, exceeding its $300 million target.

– The Fund attracted strong support from both existing clients and new institutional investors.

– Focused on purchasing equity in CLOs managed by MidOcean’s experienced team.

– Utilizes a defensive investment strategy to build a diversified, downside-protected portfolio of senior secured leveraged loans.

– Targets the larger and more liquid segment of the broadly syndicated bank loan market.

– Approximately 55% of the Fund’s capital has been deployed across seven MidOcean CLOs.

– The Fund represents $2.8 billion in assets under management (AUM), bringing MidOcean’s total CLO AUM to nearly $5.0 billion.

– Managed by industry veterans Joseph Rotondo and Jamil Nathoo.

– Joe Rotondo, Managing Director, celebrated the milestone of the debut CLO equity fund, emphasizing MidOcean’s focus on the $1 trillion CLO market opportunity. Highlighted the importance of creating returns resilient through credit cycles.

– Jamil Nathoo, Managing Director, attributed the Fund’s success to MidOcean’s long CLO track record, innovative structure, and differentiated approach. Emphasized the ability to remain agile in a dynamic CLO market.

– Dana Carey, CIO of Credit Platform, highlighted the role of CLO growth in scaling MidOcean’s credit platform. Discussed plans to develop innovative ways for investors to access credit markets and expand the platform.

– MidOcean Partners is a New York-based alternative asset manager specializing in middle-market private equity, alternative credit, and structured capital.

– Active in the CLO market for over a decade.

– Since 2022, MidOcean has issued seven new CLOs and refinanced five existing ones.

– The Fund’s close adds to MidOcean’s strong credit platform expansion, including the $765 million raised for MidOcean Tactical Credit III.