Nick Hackworth, who most recently served as director of strategic research forĀ  Obama's 2012 reelection fight, is heading up the venture.

He also worked on the research arm of Obama's 2007-08 presidential campaign, and led the presidential research team for the Democratic National Committee, developing opposition books on potential Republican presidential contenders.

In 2006, Hackworth was a part of the Democratic Congressional Campaign Committee's research arm.

According to its website, M Street Solutions hopes to "provide the most relevant and strategically useful research for our clients."

Hackworth is following a familiar path for former Obama staffers, many of whom have broken out on their own to launch private consulting practices.

Former White House press secretary Robert Gibbs and 2012 campaign spokesman Ben LaBolt launched a consulting firm earlier this year, a venture that followed deputy campaign manager Stephanie Cutter's establishment of her own firm.