other names
{{ Info.Overview }}
Revenue {{ Info.Revenue | formatUSD }}
Headquarters {{ Info.Headquarters }}

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 -26.29%
Avg Account Size 181,104,245 -11.29%
SMA’s No
Private Funds 21 7
Contact Info 859 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

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

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypePrivate Equity Fund Count21 GAV$3,182,725,117

Similar advisers

Adviser Hedge Fund Liquidity Fund Private Equity Fund Real Estate Fund Securitized Asset Fund Venture Capital Fund Other Fund Total Private Fund GAV AUM #Funds
Adviser ARGONAUT PRIVATE CAPITAL, LP Hedge Fund- Liquidity Fund- Private Equity Fund3.8b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV3.8b AUM3.5b #Funds8
Adviser COVE HILL PARTNERS, L.P. Hedge Fund- Liquidity Fund- Private Equity Fund3.1b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV3.1b AUM3.1b #Funds5
Adviser SHORE CAPITAL PARTNERS Hedge Fund- Liquidity Fund- Private Equity Fund4.0b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV4.0b AUM4.0b #Funds25
Adviser ABACUS WEALTH PARTNERS Hedge Fund- Liquidity Fund- Private Equity Fund16.9m Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV16.9m AUM3.1b #Funds2
Adviser PHARMAKON ADVISORS, LP Hedge Fund- Liquidity Fund- Private Equity Fund1.8b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV1.8b AUM3.1b #Funds1
Adviser MONOMOY CAPITAL MANAGEMENT, L.P. Hedge Fund- Liquidity Fund- Private Equity Fund1.7b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV1.7b AUM3.0b #Funds10
Adviser MSR CAPITAL PARTNERS, LLC Hedge Fund- Liquidity Fund- Private Equity Fund3.3b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund253.6m Total Private Fund GAV3.6b AUM3.6b #Funds8
Adviser VMG PARTNERS II, LLC Hedge Fund- Liquidity Fund- Private Equity Fund3.0b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV3.0b AUM3.0b #Funds28
Adviser FIRST SENTIER INVESTORS Hedge Fund7.3b Liquidity Fund- Private Equity Fund- Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV7.3b AUM3.1b #Funds1
Adviser AMPERSAND CAPITAL PARTNERS Hedge Fund- Liquidity Fund- Private Equity Fund2.8b Real Estate Fund- Securitized Asset Fund- Venture Capital Fund- Other Fund- Total Private Fund GAV2.8b AUM2.8b #Funds5

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.