# Tropical Racing

Tropical Racing is an Asset Manager based in Versailles, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Versailles, United States
- **Region:** North America
- **Address:** 1740 Grassy Springs Rd, Versailles, KY 40383, United States
- **Assets under management:** Undisclosed
- **Website:** tropicalracing.com

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Media & Entertainment
- Luxury

## People

- Troy Levy — CEO
- Michelle Nihei — Trainer/Bloodstock Agent

## 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.

## Related profiles

- [Latham Financial](https://altss.com/profile/latham-group)
- [OptConnect](https://altss.com/profile/optconnect-llc)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/tropical-racing

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