Bennett Goodman Strikes Deal for Stake in $10 Billion MidOcean

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.

Bennett Goodman

Photographer: Christopher Goodney/Bloomberg

Hunter Point is tapping into the wild ...