Middleground Management, Lp
SEC-registered
Private Fund Manager · Mid-sized ($1B–$10B)
CRD 297235
· SEC file 801-113431
· Lexington, KY
· www.linkedin.com
☆ Save with Pro
ADV data as of May 21, 2026
- Regulatory AUM
- $3.9B
- Discretionary
- $3.9B
- Clients
- 24
- Avg AUM / client
- $162M
- Accounts
- 24
- Employees
- 111
AUM over time
$79.5M
$4.1B
Oct 4, 2018
May 21, 2026
Reported AUM from Form ADV filings, plotted by filing date · as of May 21, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 24 | $3.9B | 100.0% |
Private funds (21)
View all →Reported in Form ADV Section 7.B.(1), filing of Jun 2024 · $3.2B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Middleground Partners Ii, Lp | Private Equity Fund | Delaware | $821M | 69 |
| Middleground Partners I, L.P. | Private Equity Fund | Delaware | $520M | 32 |
| Middleground Carbon Cv, Lp | Private Equity Fund | Delaware | $411M | 44 |
| Middleground Copper Co Invest Partners, Lp | Private Equity Fund | Delaware | $303M | 21 |
| Middleground Mobility Opportunity Fund, Lp | Private Equity Fund | Delaware | $224M | 2 |
| Middleground Checker Co Invest Partners, Lp | Private Equity Fund | Delaware | $134M | 13 |
| Middleground Piston Co Invest, Lp | Private Equity Fund | Delaware | $129M | 29 |
| Middleground Como Co Invest Partners, Lp | Private Equity Fund | Delaware | $113M | 20 |
| Middleground Royal Palm Co Invest Partners, Lp | Private Equity Fund | Delaware | $107M | 11 |
| Middleground Force Co Invest Partners, Lp | Private Equity Fund | Delaware | $101M | 18 |
| Middleground Partners Ii X, Lp | Private Equity Fund | Delaware | $96.2M | 9 |
| Middleground Protect Co Invest Partners, Lp | Private Equity Fund | Delaware | $94.3M | 16 |
| Mobility Opportunity Fund, Lp | Private Equity Fund | Delaware | $80.9M | 24 |
| Middleground Dolphin Co Invest Partners, Lp | Private Equity Fund | Delaware | $23.6M | 5 |
| Middleground Cassette Co Invest Partners, Lp | Private Equity Fund | Delaware | $6.8M | 2 |
People (7)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Duncan, Scot, David | Limited Partner, Chief Operating Officer | Oct 2017 (9y) | ≈ 0% – 2.5% via Mgcp Holdings, Llc | |
| Mulholland, Lauren, Hubbell | Limited Partner | Oct 2017 (9y) | 25% – 50% | |
| Stewart, John, Maze | Limited Partner, Chief Executive Officer | Oct 2017 (9y) | ≈ 0% – 3.75% via Mgcp Holdings, Llc | |
| Mc Clinton, Monica, Sharyee | Limited Partner, Chief Compliance Officer | Apr 2018 (8y) | 5% – 10% | |
| Paras, Christen, Suzanne | Limited Partner | Jan 2023 (4y) | 5% – 10% | |
| Steil, Justin, Wells | Limited Partner | Jan 2023 (4y) | 5% – 10% | |
| Speight, Christopher, James | Limited Partner, Chief Financial Officer | Sep 2023 (3y) | 5% – 10% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Mgcp Holdings, Llc | General Partner | May 2018 | A | Less than 5% |
Undisclosed: 0% – 20% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Duncan, Scot, David: 25% – 50% of Mgcp Holdings, Llc × 0% – 5% direct ≈ 0% – 2.5% of the firm
- Stewart, John, Maze: 50% – 75% of Mgcp Holdings, Llc × 0% – 5% direct ≈ 0% – 3.75% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (21, $3.2B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Middleground Partners Ii, Lp | Private Equity Fund | $821M | $5.0M | 69 |
| Middleground Partners I, L.P. | Private Equity Fund | $520M | $3.0M | 32 |
| Middleground Carbon Cv, Lp | Private Equity Fund | $411M | $2.0M | 44 |
| Middleground Copper Co Invest Partners, Lp | Private Equity Fund | $303M | $5.0M | 21 |
| Middleground Mobility Opportunity Fund, Lp | Private Equity Fund | $224M | $5.0M | 2 |
| Middleground Checker Co Invest Partners, Lp | Private Equity Fund | $134M | $1.0M | 13 |
| Middleground Piston Co Invest, Lp | Private Equity Fund | $129M | $1.0M | 29 |
| Middleground Como Co Invest Partners, Lp | Private Equity Fund | $113M | $1.0M | 20 |
| Middleground Royal Palm Co Invest Partners, Lp | Private Equity Fund | $107M | $1.0M | 11 |
| Middleground Force Co Invest Partners, Lp | Private Equity Fund | $101M | $300K | 18 |
| Middleground Partners Ii X, Lp | Private Equity Fund | $96.2M | $2.5M | 9 |
| Middleground Protect Co Invest Partners, Lp | Private Equity Fund | $94.3M | $1.5M | 16 |
| Mobility Opportunity Fund, Lp | Private Equity Fund | $80.9M | $10.0M | 24 |
| Middleground Dolphin Co Invest Partners, Lp | Private Equity Fund | $23.6M | $500K | 5 |
| Middleground Cassette Co Invest Partners, Lp | Private Equity Fund | $6.8M | $4.0M | 2 |
| Middleground Partners Ii Ff, Lp | Private Equity Fund | $5.7M | $50.0K | 35 |
| Middleground Force X Co Invest Partners, Lp | Private Equity Fund | $5.3M | $300K | 1 |
| Middleground Apex Co Invest Partners, Lp | Private Equity Fund | $5.1M | $1.0M | 2 |
| Middleground Partners Iii, Lp | Private Equity Fund | $1.5M | $2.0M | 29 |
| Middleground Partners Iii X, Lp | Private Equity Fund | $191K | $2.5M | 6 |
| Middleground Mobility Opportunity Fund Ii, Lp | Private Equity Fund | $0 | $2.5M | 5 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 05/21/2026 | 5.74 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: May 21, 2026.
View current Form ADV (SEC/IAPD) ↗