MMG Capital Group

Anthony L. Williams, Executive Vice President and Chief Investment Officer, oversees portfolio company investing, underwriting, structuring, and syndications. He has been with MMG since 1998 and previously worked in MSBDFA program management. CEO Stanley Tucker sets the overall organizational vision and is involved in structuring and syndicating investments (per firm website).

MMG is a contracted asset manager for two Commerce-administered funds: the Maryland Small Business Development Financing Authority (MSBDFA) and the Maryland Casino Business Investment Fund (MCBIF). Financing decisions for MSBDFA are voted on by a state-appointed Authority, not by MMG alone. The firm receives a management fee from the state for operating the programs (per firm website).

MMG does both. Its Equity Participation Investment Program provides loans, subordinated debt, and equity-type investments — including partnership interests and qualified securities — to small businesses that have been denied conventional financing. Equity investments must be returned to MSBDFA within seven years, with targeted returns of 15–22% (per firm website).

Established in 2014, MCBIF is one of nine funds statewide receiving 1.5% of Maryland's video-lottery-terminal gross revenue. Managed by MMG, MCBIF provides loans of up to $2 million to small, minority, and women-owned businesses for acquisitions, equipment, owner-occupied real estate, and working capital. Since inception it has deployed over $31 million to more than 145 businesses (per firm website).

Capital sources are exclusively public: MSBDFA's balance sheet is state-funded, and MCBIF receives a statutory allocation from casino video-lottery-terminal proceeds. MMG does not raise capital from institutional LPs or high-net-worth individuals. The firm is also exploring a national loan fund with CDFI UPI Loan Fund, a Scottsdale-based nonprofit (per firm website).