Press release content from Business Wire. The AP news staff was not involved in its creation. MiddleGround Capital Closes on $736 Million for Its Current Fund Offerings, Buoyed by Strong Demand From Existing LPs April 30, 2021 GMT LEXINGTON, Ky.--(BUSINESS WIRE)--Apr 30, 2021-- MiddleGround Capital, a Kentucky-headquartered, middle market private equity firm that makes control investments in B2B industrial and specialty distribution companies, has closed on $736 million in commitments for a series of funds that includes its flagship fund MiddleGround Partners II, LP; MiddleGround Partners II-X, LP; and Mobility Opportunity Fund, LP. MiddleGround has exceeded its target of $550 million for MiddleGround Partners II, launched in January 2021, due to strong demand from incumbent investors. MiddleGround Fund II-X is a parallel co-investment vehicle which will invest alongside Fund II. The Mobility Opportunity Fund is a dedicated overflow vehicle focused on investments in the future trends of the automotive industry including electrification of the powertrain, vehicle light weighting, connected and autonomous vehicles. The firm’s debut fund closed in August 2019 with a total of $459.5 million in commitments.