MidOcean Partners hired Bradley Belt as an operating partner, and he has also joined the New York firm’s private equity Executive Board, bringing with him more than three decades of experience.
In his new role, he plans to work closely with MidOcean’s leadership and portfolio companies on corporate strategy and growth initiatives. Previously, Belt was vice chairman of Orchard Global Asset Management. He also previously served as executive director and CEO of the Pension Benefit Guaranty Corporation during President George W. Bush’s administration. He also co-founded Palisades Capital Advisors in partnership with Reservoir Capital.
“He has had a remarkable record of accomplishments and is recognized as a thought leader in the industry,” said Ted Virtue, CEO of MidOcean. “His strategic advice and counsel will be invaluable as well to grow our platform and expand relationships in the institutional community.”
Belt brings a unique breadth of executive management and board experience across sectors that complements that of the other operating partners, said Matt Rubel, chairman of the executive board. Since its inception in 2003, MidOcean Private Equity has targeted investments in middle-market companies in the consumer and business services sectors. Other board members include Pamela Baxter, the former LVMH and Estee Lauder executive, who joined MidOcean as an operating partner in 2020.
“MidOcean has had an extraordinary track record of success in delivering value for its business partners and investors and is well positioned for future growth,” said Belt. “I look forward to working with the leadership of the firm and portfolio companies to help develop new investment opportunities and build long-term partnerships with investors,” he added.
