Zero-Registration Public Source Trail · CAFR / Board Packet ← Back to MERS-MI (Michigan Municipal) Profile

MERS-MI (Michigan Municipal) → MiddleGround Capital Partners

Field-by-field provenance and archived filing evidence for one of the 5 open public preview records on MERS-MI (Michigan Municipal)’s profile — accessible without registration.

Institutional Allocator

MERS-MI (Michigan Municipal)

Public Pension Plan · Hub: Michigan

Recorded Commitment Amount

$45.0M

Historical commitment · As of June 2025

$45,000,000 USD (raw: 45000000.0)

Strategy & Vintage

Buyout

2025 Vintage

Cited Archive Anchor

pdf_archive/Michigan_Municipal_MERS/MERS_2025_ACFR.pdf#page=14

PDF p.14/102 · Printed p.6

Not Yet Page-Verified · Multiples Not Disclosed

Open Cited Filing (assets.mersofmich.com) Single-Page Excerpt (PDF p.14) Full-Res Image (PDF p.14)

Field-Level Provenance & Substantiation Breakdown

Each claim is evaluated independently against the cited table’s headers and units. Different fields on a single record may originate from distinct schedules.

Entity Type: Legal Fund Vehicle · As-of 2025-06-30

Record Field	Recorded Value	Value Type	Substantiation Status	Field-Specific Source Citation & Audit Note
Fund / Legal Vehicle	MiddleGround Capital Partners	Reported	Table-Substantiated	pdf_archive/Michigan_Municipal_MERS/MERS_2025_ACFR.pdf (PDF Page 14 of 102 · Printed Page 6) Matched on cited page in 'INTRODUCTION'. Row excerpt: "Ned Davis Research MiddleGround Capital NYSE Market (DE) Inc"
Disclosed Commitment Amount	$45.0M (raw: 45000000.0)	Reported	Not Yet Page-Verified	pdf_archive/Michigan_Municipal_MERS/MERS_2025_ACFR.pdf (PDF Page 14 of 102 · Printed Page 6) Recorded from public disclosure source; requires full commitment-column PDF check for table-level verification.
Fund Vintage Year	2025	Reported	Not Yet Page-Verified	pdf_archive/Michigan_Municipal_MERS/MERS_2025_ACFR.pdf (PDF Page 14 of 102 · Printed Page 6) Retained from allocator disclosure / fund vintage registry without substituting filing year.
Net IRR	Not disclosed	Missing / Unverified	Not Yet Page-Verified	Not disclosed Net IRR is not disclosed for this record (never defaulted to 0 or 1.00x).
TVPI / Net Multiple	Not disclosed	Missing / Unverified	Not Yet Page-Verified	Not disclosed TVPI / Net Multiple is not disclosed for this record (never defaulted to 0 or 1.00x).
DPI (Realized Multiple)	Not disclosed	Missing / Unverified	Not Yet Page-Verified	Not disclosed DPI (Realized Multiple) is not disclosed for this record (never defaulted to 0 or 1.00x).

Archived Filing Excerpt — PDF Page 14 of 102 (Printed Page 6)

Table Class: General Text Mention

Archived file MERS_2025_ACFR.pdf · Detected Table Title: INTRODUCTION · Table Units: exact_or_unspecified (USD). Full horizontal row highlighting retains surrounding headers, units, and footnotes.

Download Single-Page PDF

Detected Table Columns: Headers not parsed automatically — inspect full page image below

Matched Horizontal Row Text: Ned Davis Research MiddleGround Capital NYSE Market (DE) Inc

Archived File Integrity Checksum (SHA-256): 8c850b5fe23b9ad3…99ac649fdc99 — SHA-256 is a file-byte integrity check confirming the archived file has not changed since retrieval. It does NOT prove factual or extraction accuracy.

Archived filing excerpt from MERS_2025_ACFR.pdf, PDF viewer page 14 (printed page 6), highlighting row for MiddleGround Capital Partners

All 5 Open Public Source Trails for MERS-MI (Michigan Municipal)

Click any preview record below to inspect its primary source trail without registration

Open Trail #1 of 5 CAFR / Board Packet · PDF p.14

Blue Owl Capital Private Credit

Private Credit · 2025 $70.0M

Open Trail #2 of 5 CAFR / Board Packet · PDF p.15

Oak Hill Advisors Credit Fund

Private Credit · 2025 $68.0M

Open Trail #3 of 5 CAFR / Board Packet · PDF p.15

Veritas Capital Partners Fund

Buyout · 2025 $66.0M

Open Trail #4 of 5 CAFR / Board Packet · PDF p.14

Asterion Industrial Partners Infra

Infrastructure · 2025 $55.0M

Open Trail #5 of 5 CAFR / Board Packet · PDF p.14

MiddleGround Capital Partners

Buyout · 2025 $45.0M

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