Asset Manager

Updated:

Tropical Racing

Troy Levy structures thoroughbred racehorse syndications from Kentucky, offering fractional ownership in horses by top US stallions.

Tropical Racing

Tropical Racing is a company based in Versailles, Kentucky, founded in 2017. It facilitates horse ownership through syndicate investments for accredited investors. The company focuses on thoroughbred ownership and breeding within the equine industry.

General information

Firm type

Asset Manager

Year founded

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Versailles

Corporate office

1740 Grassy Springs Rd, Versailles, KY 40383, United States

Principals

Troy Levy

CEO

Michelle Nihei

Trainer/Bloodstock Agent

Sector focus

Media & EntertainmentLuxury

Frequently asked questions

How does Tropical Racing source its horses?

The firm identifies prospects through bloodstock agent and trainer Michelle Nihei, who evaluates thoroughbreds at auction and private sale. The website's stable updates suggest a preference for horses by commercially elite stallions targeting graded stakes and Kentucky Derby trail races. The full evaluation and acquisition process is not publicly detailed, but Nihei's role combines pedigree analysis with hands-on training assessment.

What is the minimum investment to participate in a Tropical Racing syndicate?

Tropical Racing does not disclose a fixed minimum investment threshold on its public website. The firm markets partnership opportunities 'at any level,' implying flexibility in share sizing. Interested parties are directed to contact the firm directly at the provided phone number or email for specific terms on individual horse offerings.

Does Tropical Racing participate in breeding operations or only racing?

The firm maintains both racing and breeding operations. Its Versailles, Kentucky facility explicitly advertises breeding broodmares alongside stalls for active racehorses and a turf training track. This dual focus allows the operation to generate value through both purse earnings and eventual broodmare or stallion residual value.

Who is responsible for training the horses syndicated by Tropical Racing?

Michelle Nihei, listed as Trainer and Bloodstock Agent, oversees training operations. Her background includes a PhD in neuroscience from Johns Hopkins and experience as an assistant to trainer Todd Pletcher. Tropical Racing's model integrates training with its acquisition function, keeping horse development under the same operational roof as selection and syndication.

Is Tropical Racing structured as a single family office?

No. Tropical Racing operates as a thoroughbred syndication and partnership business, not a family office. The firm markets fractional racehorse ownership to outside investors rather than managing the private capital of a single family. Troy Levy's background is in horse racing operations and industry governance, not traditional wealth management.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

Need institutional-grade insight on asset managers?

Altss delivers:

Principals with verified direct contactsAllocation history by asset classOSINT-derived deal signals
Book a demo

Prefer a guided tour?

We’ll walk you through:

Interactive funding timelinesCustom mandate & allocation filters
Book a demo

More Versailles Asset Manager profiles