NEW YORK--(BUSINESS WIRE)--MidOcean Partners (“MidOcean”), a premier middle market private equity firm, today announced that Dennis “DJ” Jenson and Dhruv Prasad have joined its Executive Board, effective May 1, 2019.
MidOcean has developed a strong and active Executive Board, comprised of influential senior executives who have experience running large companies within MidOcean’s target sectors. These leading industry executives provide operational expertise and unique insights, including in-depth knowledge of industry dynamics, competitive landscape and trends, that guide MidOcean’s investment themes and value creation strategies.
Mr. Jenson will add to the MidOcean Consumer Team’s expertise in selective, theme-driven investments, including specialty food & beverages, sports & fitness, beauty/personal care and home leisure & sustainable living. Mr. Prasad will work closely with Barrett Gilmer of MidOcean’s Business Services Team to source, evaluate, and operate investments in experiential, media, entertainment, and related services businesses.
“The addition of DJ and Dhruv not only adds considerable strength to our roster of seasoned operating resources,” commented David Kieselstein, Chairman of MidOcean’s Executive Board, “it also personifies our goal of providing expert operating support for our portfolio companies--particularly with branding, new product development and market positioning—as well as adding firepower to help originate and diligence new investment opportunities.”
Mr. Jenson has 30 years of leadership and brand-building experience in the lifestyle consumer products and is a strong advocate of using business as a force for good. Prior to joining MidOcean, Mr. Jenson served as an operating partner for North Castle Partners, LLC, a private equity fund focusing on healthy, active and sustainable living within the consumer sector.
Mr. Prasad is an accomplished media and entertainment entrepreneur, investor, and operating executive. Prior to joining MidOcean, he was Co-CEO of Townsquare Media, Inc. (NYSE: TSQ), a broadcasting, live events, and digital marketing services company which he co-founded in 2010 and which is now the third-largest owner of radio stations in the US.
About MidOcean Partners
MidOcean Partners is a premier New York-based alternative asset manager that specializes in middle market private equity and alternative credit investments. Since its inception in 2003, MidOcean Partners has managed over $4.5 billion of committed capital and has targeted investments in high-quality middle market companies in the consumer and business services sectors. MidOcean Credit Partners was launched in 2009 and manages more than $8 billion across a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts as of March 31, 2019.