Midocean Credit Fund Management, L.P.
SEC-registered
Private Fund Manager · Mid-sized ($1B–$10B)
CRD 151578
· SEC file 801-70672
· New York, NY
· WWW.MIDOCEANPARTNERS.COM
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ADV data as of Mar 31, 2026
- Regulatory AUM
- $8.5B
- Discretionary
- $8.5B
- Clients
- 40
- Avg AUM / client
- $211M
- Accounts
- 40
- Employees
- 45
AUM over time
$481M
$9.1B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Investment companies | 1 | $176M | 2.08% |
| Pooled investment vehicles (non-investment companies) | 35 | $7.9B | 93.5% |
| Corporations and other businesses | 4 | $371M | 4.39% |
Private funds (29)
View all →Reported in Form ADV Section 7.B.(1), filing of Jun 2024 · $5.0B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Midocean Clo Xiii, Lp | Securitized Asset Fund | Jersey | $492M | 3 |
| Midocean Clo Viii, Lp | Securitized Asset Fund | Cayman Islands | $467M | 3 |
| Midocean Clo Iii Lp | Securitized Asset Fund | Cayman Islands | $426M | 7 |
| Midocean Clo X | Securitized Asset Fund | Cayman Islands | $412M | 3 |
| Midocean Clo Vi, Lp | Securitized Asset Fund | Cayman Islands | $411M | 8 |
| Midocean Clo Vii, Lp | Securitized Asset Fund | Cayman Islands | $379M | 3 |
| Midocean Clo Ix Lp | Securitized Asset Fund | Cayman Islands | $372M | 3 |
| Midocean Clo Xii, Lp | Securitized Asset Fund | Jersey | $364M | 3 |
| Midocean Clo Xi, Lp | Securitized Asset Fund | Cayman Islands | $358M | 6 |
| Midocean Absolute Return Credit Master Fund, Ltd master | Hedge Fund | Cayman Islands | $293M | 37 |
| Midocean Tactical Credit Fund Iii, Lp | Hedge Fund | Cayman Islands | $268M | 82 |
| Midocean Clo Ii Lp | Securitized Asset Fund | Cayman Islands | $213M | 8 |
| Midocean Clo V, Lp | Securitized Asset Fund | Cayman Islands | $94.1M | 4 |
| Midocean Tactical Low Volatility Credit Fund I A, Lp | Hedge Fund | Delaware | $81.4M | 1 |
| Midocean Multi Asset Credit Fund Lp | Hedge Fund | Delaware | $81.1M | 10 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Abbott Abbvie Multiple Employer Pension Plan Abbott Laboratories | 2024 |
People (5)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Virtue, James, Edward | Ceo | Jan 2003 (24y) | Less than 5% | |
| Shenfeld, Steven, Alan | President | Mar 2009 (17y) | Less than 5% | |
| Hodges, Deborah, Lyn | Chief Compliance Officer | Apr 2009 (17y) | Less than 5% | |
| Spring, Andrew, Lawrence | Chief Financial Officer | Apr 2009 (17y) | Less than 5% | |
| Carey, Dana, M W | Chief Investment Officer | Jun 2019 (7y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Midocean Manager Holdings, Lp | Limited Partner | Oct 2021 | A | 75% or more |
| Ultramar Credit Holdings, Ltd | General Partner | Mar 2009 | A | Less than 5% |
| Midocean Manager Feeder, Lp | Limited Partner | Oct 2021 | B | ≈ 56.25% – 100% via Midocean Manager Holdings, Lp |
| Midocean Manager Holdings, Lp | Limited Partner | Oct 2021 | B | ≈ 56.25% – 100% via Midocean Manager Holdings, Lp |
| Ultramar Capital, Ltd. | Shareholder | Mar 2009 | B | GP / trustee / elected manager of Ultramar Credit Holdings, Ltd (indirect) |
| Midocean Holdings Llc | General Partner | Oct 2021 | B | GP / trustee / elected manager of Midocean Manager Feeder, Lp (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Midocean Manager Feeder, Lp: 75% – 100% of Midocean Manager Holdings, Lp × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Midocean Manager Holdings, Lp: 75% – 100% of Midocean Manager Holdings, Lp × 75% – 100% direct ≈ 56.25% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (29, $5.0B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Midocean Clo Xiii, Lp | Securitized Asset Fund | $492M | $1.0M | 3 |
| Midocean Clo Viii, Lp | Securitized Asset Fund | $467M | $1.0M | 3 |
| Midocean Clo Iii Lp | Securitized Asset Fund | $426M | $1.0M | 7 |
| Midocean Clo X | Securitized Asset Fund | $412M | $1.0M | 3 |
| Midocean Clo Vi, Lp | Securitized Asset Fund | $411M | $1.0M | 8 |
| Midocean Clo Vii, Lp | Securitized Asset Fund | $379M | $1.0M | 3 |
| Midocean Clo Ix Lp | Securitized Asset Fund | $372M | $1.0M | 3 |
| Midocean Clo Xii, Lp | Securitized Asset Fund | $364M | $1.0M | 3 |
| Midocean Clo Xi, Lp | Securitized Asset Fund | $358M | $1.0M | 6 |
| Midocean Absolute Return Credit Master Fund, Ltd | Hedge Fund | $293M | $1.0M | 37 |
| Midocean Tactical Credit Fund Iii, Lp | Hedge Fund | $268M | $1.0M | 82 |
| Midocean Clo Ii Lp | Securitized Asset Fund | $213M | $1.0M | 8 |
| Midocean Clo V, Lp | Securitized Asset Fund | $94.1M | $1.0M | 4 |
| Midocean Tactical Low Volatility Credit Fund I A, Lp | Hedge Fund | $81.4M | $1.0M | 1 |
| Midocean Multi Asset Credit Fund Lp | Hedge Fund | $81.1M | $1.0M | 10 |
| Midocean Clo Equity Fund I, Lp | Private Equity Fund | $67.9M | $1.0M | 8 |
| Midocean Tactical Solutions Fund, Lp | Hedge Fund | $63.2M | $1.0M | 3 |
| Midocean Tactical Dislocation Fund A, Lp | Hedge Fund | $60.0M | $1.0M | 1 |
| Midocean Credit Idf I, Lp | Hedge Fund | $57.4M | $1.0M | 2 |
| Midocean Credit Focus Fund I, Lp | Hedge Fund | $21.0M | $1.0M | 2 |
| Midocean Credit Opportunity Master Fund, Lp | Hedge Fund | $18.7M | $1.0M | 65 |
| Midocean Clo Iv, Lp | Securitized Asset Fund | $1.1M | $1.0M | 7 |
| Midocean Absolute Return Offshore Intermediate Fund, Lp | Hedge Fund | $12.5K | $1.0M | 2 |
| Midocean Credit Opportunity Intermediate Offshore Fund, Lp | Hedge Fund | $12.5K | $1.0M | 2 |
| Midocean Absolute Return Credit Fund, Lp | Hedge Fund | $0 | $1.0M | 30 |
Top 25 of 29 funds by gross assets · all funds
From Form ADV Section 7.B private fund reporting.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Abbott Abbvie Multiple Employer Pension Plan | Abbott Laboratories | 161 | $4.2B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 10.8 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Northern Trust $371M (4% of AUM) Mar 2026
- Deutsche Bank India $72.0M (1% of AUM) Dec 2020
- Wells Fargo $68.8M (1% of AUM) Dec 2020
- Barclays Bank Plc $22.9M (0% of AUM) Dec 2021
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗