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.