Hunter Point Capital makes minority investment in MidOcean

Hunter Point Capital, an investment firm founded in 2020 to purchase minority stakes in middle-market alternative asset managers, has struck its first major partnership with MidOcean Partners.

MidOcean on Monday announced that Hunter Point has made a strategic minority investment in MidOcean. Terms of the investment were undisclosed.

The General Partner stakes capital investment will provide strategic capital to create private equity and alternative credit franchises for MidOcean.

The investment does not impact MidOcean's current management and day-to-day operations.

MidOcean has approximately $7 billion in alternative credit assets under management, including CLOs managed by affiliate MidOcean Credit Fund Management. MidOcean has issued 10 CLOs since 2012 totaling $4.5 billion.

Hunter Point was formed in October 2020 by executive chairman Bennett Goodman and CEO Avi Kalichstein. Goodman was co-founder of GSO Capital Partners that was later acquired by The Blackstone Group. Kalichstein, a 25-year veteran of global investment firms, was formerly managing principal at Easterly Partners Group that focused on investing in and building asset management firms.

*Article was updated at 11:56 a.m. ET on Nov. 1 to amend the description of MidOcean Credit Funding Management's CLOs under management, which were previously noted as middle-market CLOs.