# MMG Capital Group

MMG Capital Group is a Venture Capital based in Baltimore, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Baltimore, United States
- **Region:** North America
- **Address:** Baltimore, MD, United States
- **Founded:** 1995
- **Assets under management:** Undisclosed
- **Website:** www.mmgcapitalgroup.com
- **LinkedIn:** https://www.linkedin.com/company/mmg-capital-group

## Regulatory record

- **Reports private funds:** No

## About

Meridian Management Group (MMG) is a professional asset manager for economic development and private equity funds. MMG Ventures has made 8 investments. Their latest investment was in NavTrak, alongside other investors.

## Sectors

- Private Credit
- Real Estate
- Infrastructure

## People

- Stanley W. Tucker — President & CEO
- Timothy L. Smoot — Executive Vice President & CFO
- Anthony L. Williams — Executive Vice President & CIO
- Alex A. Agwuna — President of MAG (an MMG Company)

## Questions

### Who runs investment decisions at 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).

### How is MMG Capital Group related to the Maryland Department of Commerce?

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).

### Does MMG invest equity or only provide loans?

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).

### What is the Maryland Casino Business Investment Fund?

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).

### Where does MMG's capital come from?

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).

## Related profiles

- [MM Grupp](https://altss.com/profile/mm-grupp)
- [MMHP Investment Advisors](https://altss.com/profile/mmhp-investment-advisors)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/mmg-ventures

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology