Form D · Other Investment Fund

MiddleGround Partners III-X, L.P.

Lexington, KY · CIK 0001994511

Offering snapshot reported Oct 3, 2025 · SEC filing

Reported sold: $23.5M
Investors reported: 6
Minimum accepted: $1M
First sale: Nov 1, 2023

Fundraising history

Reported sold

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

No comparable changes in the displayed metrics.

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Oct 3, 2025	Amendment	$23,500,000	$0vs Oct 3, 2024	6	SEC filing
Oct 3, 2024	Amendment	$23,500,000	No comparison	6	SEC filing
Oct 2, 2023	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.7
Duration over one year: Yes
Business combination: No

Sales commissions: $0
Finders' fees: $0
Form D file number: 021-493599

Clarification of Item 11: The General Partner reserves the right to accept capital commitments of a lesser amount.

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
Lazard Freres & Co. LLC	2528

Source: Form D, filed Oct 3, 2025. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

MIDDLEGROUND PARTNERS III-X, LP

Investment adviser: MIDDLEGROUND MANAGEMENT, LP

Gross asset value: $23.8M
Beneficial owners: 6
ADV minimum commitment: $2.5M

Reported in Form ADV on May 21, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator APEX FUND SERVICES INC. EVANSVILLE, Indiana, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor COHN REZNICK, LLC HARTFORD, Connecticut, United States

Custodian BMO HARRIS BANK, N.A, CHICAGO, Illinois, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

COHN REZNICK, LLC
PCAOB 596

Filing source

Form ADV 2107709 · May 21, 2026 · Schedule D 7.B.(1), fund 805-6105072569

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
Scot Duncan	Executive
N/A Mg Gp Iii Holdings, Llc	Promoter
N/A Middle Ground Gp Iii, Lp	Promoter
N/A Middle Ground Management, Lp	Promoter
Lauren Mulholland	Executive
John Stewart	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

1500 Aristides Blvd.
Lexington, KY, 40511