MA Investment Management

MA Investment Management

Michael Angelakis founded MA Investment Management after nearly a decade as Vice Chairman and CFO of Comcast Corporation, where he steered the $45 billion acquisition of Time Warner Cable. The firm launched with a significant capital commitment from TPG co-founders David Bonderman and James Coulter, who backed Angelakis directly as an individual operator rather than through a fund structure. This backing gave MA Investment Management a permanent capital base — a deliberate departure from the traditional five-to-seven-year private equity fund model. The firm invests across a deliberately broad mandate: private equity, private credit, real estate, and infrastructure. Angelakis structured the firm to pursue control and significant minority positions in companies where his operational experience as a CFO can be applied. Confirmed investments include a stake in Greek telecom operator OTE, acquired alongside TPG, and participation in the recapitalization of Greek shipping and energy conglomerate Mytilineos. The firm also co-invested in the acquisition of GE's rail leasing business, now called Marmon Rail, as part of a consortium. Geographic focus spans North America, Europe, and Australia, reflecting Angelakis's network across those markets. MA Investment Management operates with a lean team of investment professionals based in its headquarters, structured more like a family office than a traditional asset manager. Angelakis personally leads all investment decisions, supported by a small senior team recruited from his Comcast and Wall Street networks. The firm does not publicly disclose assets under management or total deployment figures. In addition to its direct investment activities, MA Investment Management maintains a relationship with Atairos, an independent strategic investment firm Angelakis also leads that manages over $8.5 billion as of 2025 (per Bloomberg, 2025), focusing on growth equity aligned with Comcast's strategic universe. Structurally, MA Investment Management is distinct: it is neither a single-family office nor a fund manager beholden to limited partners. The permanent capital provided by Bonderman and Coulter functions like a proprietary family-office pool, but the firm's willingness to co-invest alongside institutional partners and its multi-asset class mandate give it the reach of an institutional alternative asset manager. This hybrid architecture — permanent, patient capital deployed with institutional discipline — is the firm's defining feature.