Middleground Capital
Lexington, KY · CRD 297235
Other private funds manager
Middleground Capital is an SEC-registered investment adviser based in Lexington, KY that reports managing 24 private funds on Form ADV, including 24 private equity funds. It reports $3.9 billion in regulatory assets under management. Its private funds hold $3.4 billion in gross assets.
- Regulatory assets under management
- $3.9 billionForm ADV Item 5.F
- Gross assets of private funds
- $3.4 billionAll private fund types, Form ADV
- Private funds managed
- 24PE 24 · VC 0 · hedge 0
- Employees
- 111Form ADV Item 5.A
- Registration
- SEC-registered adviserCRD 297235
- Latest Form ADV
- 05/21/2026Disciplinary disclosures: none reported
Private investment funds filing Form D (8)
Fund
First sale
Raised
Investors
Minimum
Offering
MiddleGround Partners II, L.P.
Lexington, KY
First saleApr 2021
Raised$700M
Investors27
Minimum$10.0M
Offering506(b)
MiddleGround Partners I, L.P.
Lexington, KY
First saleDec 2018
Raised$460M
Investors31
Minimum$1.0M
Offering506(b)
MiddleGround Partners III, L.P.
Lexington, KY
First saleNov 2023
Raised$263M
Investors33
Minimum$1.0M
Offering506(b)
MiddleGround Mobility Opportunity Fund, L.P.
Lexington, KY
First saleDec 2020
Raised$181M
Investors1
Minimum$10.0M
Offering506(b)
MiddleGround Partners II-X, L.P.
Lexington, KY
First saleApr 2021
Raised$83.0M
Investors4
Minimum$10.0M
Offering506(b)
MiddleGround Mobility Opportunity Fund II, L.P.
Lexington, KYEmerging
First saleNov 2023
Raised$27.0M
Investors5
Minimum$10.0M
Offering506(b)
MiddleGround Partners III-X, L.P.
Lexington, KYEmerging
First saleNov 2023
Raised$23.5M
Investors6
Minimum$1.0M
Offering506(b)
MiddleGround Partners II FF, L.P.
Lexington, KYEmerging
First saleJun 2021
Raised$4.8M
Investors19
Minimum$50K
Offering506(b)
Matched to this firm by the fund names and related persons in each Form D. The list may be incomplete.
Private funds reported on Form ADV (10)
Fund
Gross assets
Minimum
Owners
Adviser
Middleground Partners II, LP
Delaware, United StatesPrivate equity fund
Gross assets$821M
Minimum$5.0M
Owners69
AdviserMiddleground Capital
Middleground Partners I, L.P.
Delaware, United StatesPrivate equity fund
Gross assets$520M
Minimum$3.0M
Owners32
AdviserMiddleground Capital
Middleground Carbon Cv, LP
Delaware, United StatesPrivate equity fund
Gross assets$411M
Minimum$2.0M
Owners44
AdviserMiddleground Capital
Middleground Mobility Opportunity Fund, LP
Delaware, United StatesPrivate equity fund
Gross assets$224M
Minimum$5.0M
Owners2
AdviserMiddleground Capital
Middleground Partners II-X, LP
Delaware, United StatesPrivate equity fund
Gross assets$96.2M
Minimum$2.5M
Owners9
AdviserMiddleground Capital
Mobility Opportunity Fund, LP
Delaware, United StatesPrivate equity fund
Gross assets$80.9M
Minimum$10.0M
Owners24
AdviserMiddleground Capital
Middleground Partners II Ff, LP
Delaware, United StatesPrivate equity fund
Gross assets$5.7M
Minimum$50K
Owners35
AdviserMiddleground Capital
Middleground Partners III, LP
Delaware, United StatesPrivate equity fund
Gross assets$1.5M
Minimum$2.0M
Owners29
AdviserMiddleground Capital
Middleground Partners III-X, LP
Delaware, United StatesPrivate equity fund
Gross assets$191K
Minimum$2.5M
Owners6
AdviserMiddleground Capital
Middleground Mobility Opportunity Fund II, LP
Delaware, United StatesPrivate equity fund
Gross assets$0
Minimum$2.5M
Owners5
AdviserMiddleground Capital
As reported in the adviser's Form ADV filed Jun 6, 2024. Funds also listed from Form D are shown above.
Fund vehicles: feeder funds and single-deal vehicles (11)
Fund
Gross assets
Minimum
Owners
Adviser
Middleground Copper Co-Invest Partners, LP
Delaware, United StatesPrivate equity fund
Gross assets$303M
Minimum$5.0M
Owners21
AdviserMiddleground Capital
Middleground Checker Co-Invest Partners, LP
Delaware, United StatesPrivate equity fund
Gross assets$134M
Minimum$1.0M
Owners13
AdviserMiddleground Capital
Middleground Piston Co-Invest, LP
Delaware, United StatesPrivate equity fund
Gross assets$129M
Minimum$1.0M
Owners29
AdviserMiddleground Capital
Middleground Como Co-Invest Partners, LP
Delaware, United StatesPrivate equity fund
Gross assets$113M
Minimum$1.0M
Owners20
AdviserMiddleground Capital
Middleground Royal Palm Co-Invest Partners, LP
Delaware, United StatesPrivate equity fund
Gross assets$107M
Minimum$1.0M
Owners11
AdviserMiddleground Capital
Middleground Force Co-Invest Partners, LP
Delaware, United StatesPrivate equity fund
Gross assets$101M
Minimum$300K
Owners18
AdviserMiddleground Capital
Middleground Protect Co-Invest Partners, LP
Delaware, United StatesPrivate equity fund
Gross assets$94.3M
Minimum$1.5M
Owners16
AdviserMiddleground Capital
Middleground Dolphin Co-Invest Partners, LP
Delaware, United StatesPrivate equity fund
Gross assets$23.6M
Minimum$500K
Owners5
AdviserMiddleground Capital
Middleground Cassette Co-Invest Partners, LP
Delaware, United StatesPrivate equity fund
Gross assets$6.8M
Minimum$4.0M
Owners2
AdviserMiddleground Capital
Middleground Force X Co-Invest Partners, LP
Delaware, United StatesPrivate equity fund
Gross assets$5.3M
Minimum$300K
Owners1
AdviserMiddleground Capital
Middleground Apex Co-Invest Partners, LP
Delaware, United StatesPrivate equity fund
Gross assets$5.1M
Minimum$1.0M
Owners2
AdviserMiddleground Capital
Feeder funds invest through a master fund; single-deal vehicles (SPVs, co-investments, series) hold one investment.
From SEC filings. Firm data comes from the SEC's Form ADV data. AltMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures