MGG Investment Group

Kevin F. Griffin is the CEO and CIO and chairs the Investment Committee. He founded the firm in 2014 and oversees all investment decisions, working alongside a leadership team that includes the heads of origination, underwriting, and asset management. The Investment Committee is composed of senior partners as listed on the firm’s team page.

MGG sources through an extensive network of intermediaries, private equity sponsors, and operating partners built over its decade of middle-market lending. The firm emphasizes that its proprietary origination network allows it to remain disciplined and selective, avoiding broadly auctioned processes in favor of negotiated, bilateral deals.

MGG invests across the capital structure — first-lien, second-lien, mezzanine, preferred equity, and common equity — often in a single transaction. The approach targets middle-market companies that need capital for growth, acquisitions, recapitalizations, or distress situations where a standard loan product is insufficient. The goal is to structure bespoke deals that offer both downside protection and equity-like upside for its limited partners.

Yes, MGG makes equity and equity-like investments alongside its credit positions. The firm’s strategy includes structured equity, preferred equity, and common equity co-investments, typically alongside its debt financing. This hybrid approach differentiates it from a pure credit shop and allows the firm to capture upside in successful turnarounds or growth stories.

The LP base is heavily institutional: 43% public and private pensions, 11% insurers, 11% endowments and foundations, and smaller allocations from family offices, wealth managers, and consultants. This composition reflects a fiduciary-focused capital base that prioritizes risk-adjusted returns and capital preservation.

MGG SF V closed in August 2023 with $1.2 billion in commitments, surpassing its $1 billion target. The fund continues the firm’s direct-lending strategy focused on middle-market companies across North America, providing senior secured loans and structured capital solutions.

MGG targets complex, often dislocated middle-market situations where traditional lenders retreat. The firm’s in-house asset management team, led by Patrick Flynn, works directly with portfolio companies on restructurings, operational turnarounds, and recapitalizations, eliminating reliance on external servicers during workouts.