Middleground Management, LP (Lexington)

Name: Middleground Management, LP
Address: 201 E Main Street, Lexington, KY, 40507
Telephone: 859-721-1466

Middleground Management, LP is a large advisory firm based in Lexington. It manages $425.97 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Kentucky.

Middleground Management provides portfolio management for pooled investment vehicles and single investor investment vehicle (other than investment companies). It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Middleground Management: assets under management

The assets under management (AUM) of Middleground Management, LP is $425.97 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 436% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $425.97 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $212.98 million each.

Middleground Management has custody of $425.97 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Middleground Management, LP for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Middleground Management serves?

The only and largest group of clients of Middleground Management is pooled investment vehicles with 1 clients and $422.96 million of assets under management. Among the 8 most similar advisory firms, Middleground Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $422.96 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Middleground Management also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $3,000,000 for each fund.

Careers at Middleground Management, LP

The company employs 15 people that are either part- or full-time employees. 47 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Maze Stewart	Principal	1 Oct 2017	50% - 75%	6951257
Scot David Duncan	Principal / chief compliance officer	1 Oct 2017	Other	6951260
Lauren Taylor Hubbell	Principal	1 Oct 2017	25% - 50%	5341079
Monica Sharyee Mcclinton	Chief administrative officer	1 Apr 2018	Other	6951267
Llc Mgcp Holdings	General partner	1 May 2018	Other	82-5459026

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
John Maze Stewart	Managing member	1 May 2018	75% - 100%	6951257

Based in Lexington

The principal office where Middleground Management, LP performs its advisory services is located at 201 E Main Street, Lexington, KY 40507, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 859-721-1466. The normal business hours are 8:30am-6pm on Monday - Friday. You can find more information about the New York firm at linkedin.com/company/middlegroundcapital/ and its LinkedIn profile.