Lexington, KY-based MiddleGround Capital closed a series of its funds, including its flagship fund MiddleGround Partners II, MiddleGround Partners II-Z and Mobility Opportunity Fund, with $736 million at the end of April.
Among the investors in the latest round was the nearby Kentucky Public Pensions Authority, committing $75 million to the MiddleGround Partners II in March. That fund was launched in January due to strong demand from incumbent investors.
MiddleGround II-Z is a parallel co-investment vehicle which will invest alongside Fund II. The Mobility Opportunity Fund is dedicated overflow vehicle focused . . .
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