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CMG Capital Management Group
CMG Capital Management Group was established in 1992 by Stephen M.
CMG Capital Management Group
CMG Capital Management Group was established in 1992 by Stephen M. Coleman, a former Merrill Lynch vice president who launched the firm to manage alternative investment strategies for institutional clients. Based in Miami, CMG built its reputation as a minority-owned manager navigating private credit and real estate markets, structuring commingled funds and separate accounts that attracted public pension plans seeking emerging-manager exposure. The firm's early product set responded to institutional demand for income-oriented alternatives beyond traditional fixed income. The firm's deployment spans private credit, real estate, hedge funds, and structured products — an unusually broad mix for a boutique. Its private credit strategy emphasizes directly originated loans to lower-middle-market US companies, typically senior secured facilities that generate floating-rate current income. Confirmed positions in prior funds include senior living facilities and multifamily properties acquired through the firm's real estate arm. The hedge fund sleeve incorporates long/short equity and event-driven sub-strategies, while the structured products group has historically managed collateralized loan obligation (CLO) equity. Geographic focus remains the United States, though the firm has evaluated select European credit opportunities. CMG operates with a lean team, anchored by Coleman as CEO and chief investment officer. Total assets and professional headcount are not publicly disclosed. The firm has historically maintained a low-profile, relationship-driven capital-raising model rather than a broad intermediary distribution platform. In recent years CMG has wound down certain legacy hedge fund vehicles to concentrate resources on private credit and real estate equity, reflecting broader institutional appetite for private market income strategies. The firm does not operate a known philanthropic foundation or co-investor club. The firm's structural differentiator is its tenure as a minority-owned alternative credit manager serving institutional allocators — a combination that remains underrepresented in the alternatives industry. Its multi-strategy architecture allows asset-liability matching across public pension portfolios — a small number of clients control the majority of its committed capital. This concentrated institutional base provides stable fee revenue but also creates key-person risk around Coleman, who has led the firm for over three decades without a publicly named succession plan.
General information
Firm type
Asset Manager
Year founded
1992
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Miami
Corporate office
Miami, FL, United States
Principals
Stephen M. Coleman
Founder and CEO
Sector focus
Frequently asked questions
Who runs investment decisions at CMG Capital Management Group?
Stephen M. Coleman, the founder, serves as CEO and chief investment officer. He retains authority over asset allocation and senior investment hires. Before founding CMG in 1992, Coleman worked at Merrill Lynch in institutional sales and trading, experience that shaped the firm's early focus on structured products and manager-of-managers platforms. No public succession plan has been disclosed.
What investment strategies does CMG Capital Management Group pursue?
CMG deploys capital across private credit, real estate equity, hedge fund strategies, and structured products. The private credit arm originates senior secured loans to lower-middle-market US companies. The real estate group targets value-add multifamily and senior housing acquisitions. Its hedge fund sleeve historically included long/short equity and event-driven sub-strategies. The structured products group has managed CLO equity tranches.
What is CMG Capital Management Group's private credit investment approach?
CMG's private credit strategy emphasizes directly originated, floating-rate senior secured loans to US lower-middle-market borrowers. The firm targets companies with stable cash flows and hard asset collateral, typically lending at hold sizes below $50 million. Loan structures include revolving credit facilities, term loans, and delayed-draw term loans. The strategy seeks current income with downside protection through seniority in the capital structure.
Is CMG Capital Management Group a single family office?
No. CMG Capital Management Group is an institutional alternative asset manager, not a family office. It was founded in 1992 by Stephen M. Coleman as an alternatives platform serving public pension funds, foundations, and other institutional allocators. The firm does not manage capital for a single family or individual.
Does CMG Capital Management Group participate in fund commitments or only direct deals?
CMG operates commingled funds and separately managed accounts spanning its strategy suite. In private credit, the firm structures direct loans through dedicated credit vehicles. The real estate group has used both fund structures and deal-by-deal co-investment models. Its hedge fund sleeve historically included fund-of-funds allocations, though the firm has wound down certain manager-selection vehicles to prioritize direct strategies.
What is CMG Capital Management Group's institutional client base?
Public pension plans form the core of CMG's institutional client base, with a smaller number of foundations and endowments. The firm has historically marketed its emerging-manager status and alternatives capabilities to allocators seeking diverse general partner relationships. Specific named institutional clients are not publicly disclosed, though the firm's SEC filings confirm a concentrated capital base.
How is CMG Capital Management Group structured from a succession and governance perspective?
Stephen M. Coleman has served as CEO and CIO since the firm's 1992 founding, creating significant key-person concentration. No public succession plan or named next-generation leadership exists. The firm's concentrated client relationships and founder-led governance model are typical of boutique alternatives managers but present a transition risk that institutional allocators evaluate during operational due diligence.
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