MGG Investment Group?
Posting this thread to get thoughts on this firm. What have you all heard about MGG (culture, comp, exit ops, etc.)?
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Bump lol
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any updates
Bump, anything on Mgg, would love to know comp and culture
This is second hand feedback, not direct. But I’ve worked with them to help finance transactions and developed good rapport with some of their associates and VPs.
The group of people I dealt with were smart but some of the said associates and VPs said it’s a brutal and sharp elbow culture at the firm - then then ask if my firm was hiring.
Not sure about comp.
Bump, anybody know about the overall perception of the firm?
I work with MGG a fair amount. My colleagues on the capital markets side work with them more than I do, though. So, I'll try to give my 2cnts based on interactions + second hand feedback.
Very well known in the hairier lending space. They do a lot of esoteric assets (example: https://www.winespectator.com/articles/hedge-fund-purchases-napas-sprin…). Someone also told me they lent to a horse stable with breeding rights as the collateral. So, some real funky stuff, but I know they do a lot of corporate lending + junior capital investing as well. I've shown them opportunities for DIPs, rescue financings, distressed one-off trades etc., but my capital markets guys work with them often on more "tough story" financings. They do a lot in the non-sponsored space, which is a way more annoying investment strategy to do (and to market as a banker, to be honest).
Strong reputation for being able to finance companies and assets that other people cannot. From the capital markets side, their diligence process is extensive and sometimes brutal to go through. I've heard/seen 3-5month+ diligence processes on deals.
I can't speak to comp as I'm not close enough with any of the investment professionals over there to ask, but I have really liked the guys I've worked with over there and find them to be pretty sharp. They always have an interesting angle of approaching some of the more "challenged" situations...
what about exits?
I think working on the buyside is the exit.... so not sure exactly the focus on that. But, that being said, I know one guy went to Silver Point and another went to Strategic Value Partners after MGG
Interesting deals, sharp elbows, work hard play hard, smart group, intense hours (5-6 days in-office, 9am sharp until quite late), collegial, pretty good comp for the space. PM if you would like more info
For everyone’s benefit what is comp. Not many comps for non-sponsored so helpful to know.
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