Deals
Bennett Goodman Strikes Deal for Stake in $10 Billion MidOcean
- Deal is Blackstone alum’s first investment from new firm
- Hunter Point said to pay about $100 million for minority stake
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Bennett Goodman tried to recruit Ted Virtue, a fellow refugee from the then-imploding Drexel Burnham Lambert, to join him at Donaldson Lufkin & Jenrette in 1990. It didn’t work out. Now the two are finally teaming up.
Goodman’s Hunter Point Capital is buying a piece of Virtue’s $10 billion investment firm, MidOcean Partners, which specializes in mid-market private equity and credit deals. It’s the first purchase by Goodman’s new investment firm as he plots a fresh investing career, having given up the helm of Blackstone Inc.’s mammoth credit-investing operation in 2019.