Midmar Capital
Midmar Capital LLP is an FCA-authorised Edinburgh-based firm providing regulatory incubation and interim fund management services to UK start-up alternative asset managers (PE, VC, hedge funds) via a partnership with Gem Compliance Consulting.
- Company typePrivate
- Founded2009
- HeadquartersEdinburgh, United Kingdom
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Midmar Capital does
Midmar Capital LLP is a privately-held, FCA-authorised investment management firm headquartered in Edinburgh, with a secondary London office, providing regulatory incubation and interim fund management services to start-up alternative asset managers in the UK. Founded in 2010 by Kevin Gallacher as a pan-European long/short equity hedge fund, the firm was subsequently pivoted into a regulatory incubator after Gallacher bought out his co-founders. Its offering comprises two integrated service lines: regulatory hosting, under which Midmar assumes interim regulatory responsibility for investment teams pursuing FCA authorisation (covering compliance policies, procedures, documentation, training and ongoing monitoring), and fund management, in which it acts as interim investment manager for clients pending their own authorisation, operating as a small authorised UK AIFM (Sub-Threshold) for closed-end, unleveraged alternative investment funds below the EUR 500 million AUM threshold.
The firm executes these services through a core strategic partnership with Gem Compliance Consulting, which handles FCA authorisation applications and regulatory guidance, while Midmar provides the incubation framework and approved-persons oversight. Its technology stack is principally an established, documented compliance framework rather than a proprietary software platform, and its competitive position is built on regulatory licensing, 10+ years of operating history, and a credentialed compliance team (including personnel holding SMF16 and SMF17/MLRO approvals). Services are delivered exclusively to professional clients as defined under FCA COBS 3.5; the firm explicitly does not deal with retail investors and does not operate a trading platform.
Midmar monetises through bespoke professional services fees for regulatory hosting engagements (typically spanning the ~12-month FCA application cycle) and managed-services fees on interim fund mandates. Distribution is direct B2B via professional networks and referrals from compliance consulting partners, with no consumer marketing. The firm has cumulatively supported the launch of over 50 institutional funds, which in turn have invested in over 1,000 start-ups, primarily in technology, sustainability and positive social impact sectors. Ownership remains concentrated with founder Kevin Gallacher and his partner Gillian Gallacher; no external institutional investors are disclosed.
Midmar Capital firmographics
Firmographics- Name
- Midmar Capital
- Legal name
- Midmar Capital LLP
- Website
- https://midmarcapital.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Midmar Capital LLP is an FCA-authorised Edinburgh-based firm providing regulatory incubation and interim fund management services to UK start-up alternative asset managers (PE, VC, hedge funds) via a partnership with Gem Compliance Consulting.
- Ownership category
- akta.pro rank
Midmar Capital industry classification
Industry- Product category
- Alternative Investment Management & Regulatory Incubation
- NAICS
- Portfolio Management and Investment Advice (523940), Miscellaneous Intermediation (52391)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Corporate Finance & Capital Advisory (BPAHADAB)
- akta.pro secondary industries
- Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG), Institutional Capital Introduction (LP/Family Office/Endowment Matching) (FSAEALAI)
Keywords
Where Midmar Capital is headquartered
LocationHeadquarters
- HQ city
- Edinburgh
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
Midmar Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Regulatory Incubation Services: Provides regulatory authorisation, compliance frameworks, and ongoing support to start-up investment firms. Midmar takes full regulatory responsibility on an interim basis, registering strategies and approved persons with the FCA.
- Fund Management: Acts as interim investment manager during FCA authorisation period. Operates as small authorised UK AIFM (Sub-Threshold) managing closed-end alternative investment funds with AUM limit under EUR 500 million.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels2 records
Midmar Capital product offering
Product offeringCore offering
Midmar Capital provides regulatory incubation (regulatory hosting) for start-up investment firms, taking interim regulatory responsibility while clients pursue FCA authorisation, including compliance policies, procedures, training and ongoing monitoring. As a small authorised UK AIFM (Sub-Threshold), the firm also acts as interim investment manager for closed-end, unleveraged alternative investment funds during the FCA approval period, working in partnership with Gem Compliance Consulting to manage authorisation applications.
Product overview
Midmar Capital offers a regulatory incubation and fund management service for start-up investment firms. The core service includes regulatory hosting, where Midmar takes interim regulatory responsibility for investment teams requiring FCA authorisation, setting up compliance policies, procedures, documentation, providing training and ongoing compliance monitoring. As part of the service, Midmar Capital can act as interim investment manager for clients pending their own FCA authorisation, managing closed-end, unleveraged alternative investment funds as a sub-threshold UK AIFM. The firm partners with Gem Compliance Consulting to manage FCA authorisation applications and provide compliance guidance.
Differentiator
Problem solved
Functional benefit
Products and services
- Regulatory Hosting (Regulatory Incubation)
Quantifiable outcome
- Over 50 institutional investment funds launched with Midmar Capital's support
- +1 more outcomes
Companies that use Midmar Capital
Customer profileSegments2 records
Ideal customer profiles2 records
Midmar Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Midmar Capital partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Gem Compliance ConsultingcoreThrough partnership with Gem Compliance Consulting, Midmar Capital manages FCA authorisation applications for clients. Gem Compliance provides regulatory guidance and support, while Midmar provides the incubation framework. This partnership enables smooth transition when clients assume responsibility for compliance oversight after FCA approval. Emma Jones serves as Head of Compliance at Gem Compliance, and Andrew Wright joined as independent consultant in July 2017.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Midmar Capital competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key highlights5 records
Customer concentration
Midmar Capital social profiles
Digital presenceMidmar Capital compliance and trust
Trust signalCompliance1 record
Midmar Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Midmar Capital leadership team
Management profileNumber of profiles
Profiles8 records
Midmar Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Midmar Capital M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Midmar Capital
What does Midmar Capital do?
Midmar Capital provides regulatory incubation (regulatory hosting) for start-up investment firms, taking interim regulatory responsibility while clients pursue FCA authorisation, including compliance policies, procedures, training and ongoing monitoring. As a small authorised UK AIFM (Sub-Threshold), the firm also acts as interim investment manager for closed-end, unleveraged alternative investment funds during the FCA approval period, working in partnership with Gem Compliance Consulting to manage authorisation applications.
Is Midmar Capital a public or private company?
Midmar Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Midmar Capital founded?
Midmar Capital was founded in 2009. It employs 1 to 10 people.
Where is Midmar Capital based?
Midmar Capital is headquartered in Edinburgh, United Kingdom, in the Europe region.
How does Midmar Capital make money?
Two revenue lines are on record. Regulatory Incubation Services are the primary driver. The others are fund Management.
Does Midmar Capital have an API?
No public API is recorded for Midmar Capital.
What industry is Midmar Capital in?
Midmar Capital's product category is Alternative Investment Management & Regulatory Incubation. Its primary akta.pro industry code is BPAHADAB, Corporate Finance & Capital Advisory, with a secondary code of BPAHADAG, Capital Raising Advisory (Debt/Equity/Private Capital). Its NAICS code is 523940 and its SIC code is 6282.