MidOcean Partners, a New York-based alternative asset manager specializing middle-market private equity and alternative credit investments, has closed its MidOcean Partners VI LP with over $1.5 billion in capital commitments.

The fund is MidOcean’s largest fund since its inceptions and exceeded its target, representing a 25 percent increase from its predecessor fund. Fund VI intends to capitalize on the firm’s theme-driven investment approach, robust sourcing, and differentiated operating executive model to drive transformative growth for the portfolio.

“Our methodical, theme-driven approach has enabled us to generate a strong pipeline of attractive investment opportunities,” says Erik Oken, MidOcean’s chairman of private equity. “We will continue to prudently deploy capital into our targeted sub-sectors with an eye on delivering transformative results across our portfolio.”