Placement Agent Market Map

MiddleGround Capital — Fund III & Fund IV Fundraising Strategy
Source: Preqin FUND_SERVICEPROVIDER_PE (JGA82554)Scope: NA Buyout $100M–$2B, Vintage 2021–2026August 24, 2026
79
Agents in Market
48
Kelly Contacted
10
Capacity Declines
3
Proposals in Hand
45
True Gaps

MGC Context

Fund III headwinds: anchor LP lawsuit (settled), partner departure, two failed exits '22-'23. Five exits achieved 33% avg IRR / 2.9x. European marketing underway targeting Fund IV. FocusPoint is the top contender for the global mandate. 3 proposals in hand (FIRSTavenue, 5 Capital, Greenstone/GCC).

Market Map — Placement Agent Landscape

Visual

Fund Mandates vs. Average Fund Size

Bubble size = total capital placed. Color = MGC outreach status. Hover for detail.
Engaged / Active
Capacity Decline
Conviction Decline
Not Contacted (Gap)

D1 — Full Agent Ranking (79 Agents)

Preqin Data

All placement agents from FUND_SERVICEPROVIDER_PE, NA Buyout $100M–$2B, 2021–2026. Click column headers to sort.

#AgentFunds Capital ($M)Avg ($M) IndustriesMGC Status

Source: PREQUIN_PE_DATA.PREQIN_SHARED_DATA.FUND_SERVICEPROVIDER_PE joined to FUND_PE. Cross-referenced against Kelly Myers' Placement Agent Search Weekly Update v18 (8/21/2026).

D2 — Comparable Industrials Funds

Comp Analysis

Industrials-focused NA buyout funds (2021–2026) with recorded placement agents. MGC rows highlighted.

ManagerFundSize ($M)VintageStatusPlacement Agent(s)

D3 — Gap Analysis & Recommendations

Cross-Referenced

Key Finding

Kelly has contacted every major agent in the Preqin top 30. There are no significant platform gaps. The opportunity set is: (1) 10 capacity-constrained declines that are timing-dependent re-engagement targets for Fund IV, (2) 12 conviction declines revisitable after Fund III close and more exits, and (3) 45 boutique/specialist agents not yet contacted — mostly smaller firms with 1–3 mandates that could provide niche coverage.

Tier 1  Re-Engagement Targets — Capacity Declines

Tier 2  Fund IV Revisits — Conviction Declines

Tier 3  True Gaps — Not Contacted

45 agents from the Preqin universe not in Kelly's 48-firm tracker. Sorted by total capital placed. Most are boutique/regional specialists with 1–3 mandates — evaluate for niche LP coverage.

AgentFundsCapital ($M)Avg ($M)IndustriesPotential Fit

MiddleGround Capital — Confidential & Proprietary
Data: Preqin (PREQUIN_PE_DATA via JGA82554 Snowflake) + Kelly Myers' Weekly Update v18 (8/21/2026) | ABBI | August 24, 2026