MGG Investment Group
Currently recruiting for SA 2027 roles (IB and PE/PC). I am particularly interested in PC and so am recruiting MF (BX, Ares, etc.), but also found MGG Investment Group, which seems to do more special sits focused investing in the MM. Wondering if anyone has any color on the shop and culture, comp, etc. there. Thank you!
Heard it's a pretty terrible culture, from top down. Look for super hairy positions with sharp elbows and willing to go into unsavory industries others would consider unethical, and the culture reflects that. No idea if their recent acquisition changed that.
Can’t speak to direct work culture, but reputation is correct at least. I don’t work there, but have been in clubs with them. Very sharp elbowed
Their strategy is similar to other larger special situations firms we work with (e.g., Oaktree, Fortress), so characterizing it as unethical is a stretch. Any SS leaning firm is going to do hairier and tougher situations by definition.
I don't know enough about culture there to comment.
I can't speak for all the firms, but they like the stuff others pass on for reputation and ethical concerns. Talking about things like for-profit prisons and the services that exploit prisoners for super high rates.
Other hairy stuff they do is firearm/weapon accessory manufacturers, prison healthcare, European soccer clubs, royalties/IP rights, declining cable TV operators, etc. They're definitely in the lender-of-last-resort territory, which is why they can generally charge S+700 for low LTV senior debt. They can also do growthier stuff through their capital solutions pocket but it's def smaller than their flagship high-octane lending product
I’d push back on the culture point. I interned there a few years ago, and honestly the culture was the #1 thing that made me consider it for full time versus another opportunity I had. It was a very work hard, play hard culture (the example I always give to other prospective interns when they asked me about the culture at the firm is the deal team takes a helicopter to Atlantic City on bonus day each year). There were also a lot of team dinners, lunches, and drinks that made it easy to get to know people.
As interns, we had some real exposure. We had breakout sessions where we could ask any questions to the executive team one by one, had access across seniority levels on the deal side, and saw a meaningful amount of deal flow. I closed two deals during my summer there, which I didn’t expect going in. The team itself was sharp, funny, and genuinely passionate with what they were doing.
I ended up choosing a different path and didn’t join full-time, but it was easily the strongest internship experience I had. Just wanted to offer a different perspective since my experience didn’t line up with the earlier comment.
also interned there recently. would only caveat that post-Generali transaction, the team has grown a lot in a short amount of time. big departure from one of the top rainmakers, which definitely stirred things up among the deal team. thus, i think there will most likely be some sort of culture shift that happens in the firm, as its no longer the 10-15 person deal team it was (now 20+).
definitely had lots of opportunities to find interesting work, but deal team was pretty hard to crack from a "buddy-buddy" standpoint. just wanted to add some other thoughts.
Unethical?
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Heard first year analysts clear 200k+ cash
Can confirm. 100 base + 100 bonus guaranteed for analysts. Unsure about assoc comp and above but likely also pretty generous
can you pm me
Any info on exit opportunities / pay past analyst level?
I don't work there, but have a friend of a friend that does – he did $1mm as a VP lol...
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