MIDDLEGROUND CAPITAL other names

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Adviser Profile

As of Date:

06/06/2024

Adviser Type:

- Large advisory firm


Number of Employees:

142 73.17%

of those in investment advisory functions:

38


Registration:

SEC, Approved, 6/15/2018

AUM:

3,803,189,141 33.07%

of that, discretionary:

3,803,189,141 33.07%

Private Fund GAV:

3,182,725,117 23.95%

Avg Account Size:

181,104,245 -11.29%


SMA’s:

NO

Private Funds:

21 7

Contact Info

859 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
3B 2B 2B 2B 1B 817M 408M
2018 2019 2020 2021 2022 2023

Recent News



Private Funds Structure

Fund Type Count GAV
Private Equity Fund 21 $3,182,725,117

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ABACUS WEALTH PARTNERS - - 16.9m - - - - 16.9m 3.1b 2
PHARMAKON ADVISORS, LP - - 1.8b - - - - 1.8b 3.1b 1
MONOMOY CAPITAL MANAGEMENT, L.P. - - 1.7b - - - - 1.7b 3.0b 10
MSR CAPITAL PARTNERS, LLC - - 3.3b - - - 253.6m 3.6b 3.6b 8
VMG PARTNERS II, LLC - - 3.0b - - - - 3.0b 3.0b 28
FIRST SENTIER INVESTORS 7.3b - - - - - - 7.3b 3.1b 1
AMPERSAND CAPITAL PARTNERS - - 2.8b - - - - 2.8b 2.8b 5

Private Funds



Employees




Brochure Summary

Overview

MiddleGround was originally organized as a Delaware limited liability company on February 13, 2018, named "MiddleGround Capital Partners, LLC" and was converted into a Delaware limited partnership on May 7, 2018. When converted to a limited partnership, it was re- named "MiddleGround Management, L.P." MiddleGround Management, LP, is controlled by John Stewart and Scot Duncan. In addition to John Stewart and Scot Duncan, Lauren Mulholland, Monica McClinton, Justin Steil, Chris Speight and Christen Paras, jointly (“MGC Partners”) own economic interests in the Management Company. MiddleGround provides investment advisory services to various private equity funds and co- investment vehicles, each a private equity fund. The private equity funds MiddleGround advises are (i) MiddleGround Partners I, L.P., (ii) MiddleGround Mobility Opportunity Fund, L.P., (iii) Mobility Opportunity Fund, L.P., (iv) MiddleGround Partners II, L.P., (v) MiddleGround Partners II-X, L.P., (vi) MiddleGround Partners II FF, L.P., (vii) MiddleGround Partners III, L.P., (viii) MiddleGround Partners III-X, L.P., (ix) MiddleGround Mobility Opportunity Fund II, L.P., (“MiddleGround Funds”), and co-investment vehicles (x), MiddleGround Como Co-Invest Partners, L.P. (the “Como Co-Invest Vehicle”), (xi) MiddleGround Piston Co-Invest, L.P. (the “Piston Co-Invest Vehicle”), (xii) MiddleGround Force Co-Invest Partners II, L.P., (xiii) MiddleGround Force X Co-Invest Partners, L.P., (the “Force Co-Invest Vehicles”), (xiv) MiddleGround Royal Palm Co-Invest Partners, L.P. (“the Royal Palm Co-Invest Vehicle”), (xv) MiddleGround Checker Co-Invest Partners, L.P. (“the Checker Co-Invest Vehicle”), (xvi) MiddleGround Copper Co-Invest Partners, L.P. (“the Copper Co-Invest Vehicle”),(xvii) MiddleGround Cassette Co-Invest Partners, L.P. (“the Cassette Co-Invest Vehicle”), (xviii) MiddleGround Protect Co-Invest Partners, L.P. (“the Protect Co-Invest Vehicle”), (xix) MiddleGround Dolphin Co-Invest Partners, L.P. (“the Dolphin Co-Invest Vehicle”),
(xx) MiddleGround Apex Co-Invest Partners, L,P. (“the Apex Co- Invest Vehicle”), and (xxi) MiddleGround Carbon CV, L.P., (“the Carbon Continuation Vehicle”). Each of the co-invest vehicles has been established for co-investment in a single opportunity, and the continuation vehicle invested in a specific set of portfolio company investments previously owned by MiddleGround Partners I, L.P. An affiliate of MiddleGround holds a small investment in the Piston Co-Investment Vehicle. MiddleGround previously advised MiddleGround Arbor Co-Invest Partners, L.P. (The “Arbor Co-Invest Vehicle”), a co-investment for a single opportunity with one limited partner, and MiddleGround Partners AC, L.P. (the "AC Investment Vehicle"), an investment vehicle established primarily for the benefit of a single institutional investor. The AC Investment Vehicle's sole investment was contributed to the MiddleGround Partners I, L.P. and the Arbor Co-Invest Vehicle on January 1, 2019. MiddleGround will no longer make investments through the AC Investment Vehicle and the Arbor Co-Investment Vehicle. MiddleGround may in the future establish and advise additional co-investment vehicles as well as other investment accounts (all such co-investment vehicles and investment accounts collectively with the MiddleGround Partners I, L.P., MiddleGround Partners II, L.P., Mobility Opportunity Fund, L.P., MiddleGround Mobility Opportunity Fund, L.P., and MiddleGround Mobility Opportunity Fund II, L.P., (The "Clients"). The investment objectives and strategy of each Client is, and for future Clients will be, set forth in the governing agreements and/or offering documents for such Clients (collectively, "Governing Documents"). Any restrictions on investments is, and for future Clients will be, contained in each such Client's Governing Documents. MiddleGround does not participate in any wrap fee programs. As of December 31, 2023, MiddleGround manages approximately $3,758,843,366 of regulatory assets under management.