MidOcean Partners, an alternative asset manager, has hired Marshall Phelps and Jim Henderson as managing directors.

Mr. Phelps will be joining the firm as a managing director and partner within MidOcean private equity, focusing on the firm’s business services vertical. Before joining the firm, Mr. Phelps spent over fifteen years at Lazard as a managing director and senior member of the telecommunications, media & entertainment group.

Mr. Henderson has joined as a managing director on the investor relations team. Mr. Henderson brings over sixteen years of investor relations and marketing expertise to MidOcean. Previously, Mr. Henderson was a managing director and co-head of marketing and investor relations at Stone Point Capital, a financial services-focused private equity firm.

“As we continue to strengthen our team with best-in-class executives, Jim and Marshall are the latest examples of highly experienced investment industry professionals who we’ve had the pleasure of welcoming to MidOcean,” said Ted Virtue, CEO of MidOcean. “Jim and Marshall have established themselves as proven leaders in their respective areas of focus throughout their careers, and I’m thrilled to have them as part of the team.”