Thoughts on MGX
Any latest thoughts on MGX, the PE company that invests in AI based out of NYC. Would like to understand firm trajectory and associate exposure.
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Based on the most helpful WSO content, there is no specific mention of MGX or a PE firm focused on AI based out of NYC in the provided dataset. I'm sorry, but it looks like this may be out of my ability to answer... maybe some of the links below might help?
What exactly is a “PE company”?
If you mean the Mubadala MGX, they pay peanuts.
then why would a principal leave silver lake to join MGX
Couldn’t tell you. Why did Milania do that GQ Slovenia cover?
My guess is he was out of options/managed out.
I heard it’s same as MM/UMM PE
Incorrect. It’s meaningfully below conventional PE.
Source: actual interviews where they previewed comp expectations bc they know it’s so uncompelling if you have a ‘real’ PE career.
Principal in PE above is inaccurate; Sr. Assoc comp is 220k base and 250-350k cash bonus (depending on performance). Carry kicks in at VP which is quite substantial (5-10mm DAW)
MGX is basically just a megafund- it's sovereign wealth linked but has a real carry pool, sources deals independently and runs hard
Sounds appealing altho they could be troubled if they are deploying at ultra high multiples - even when they have quasi unlimited capital
They are basically an AI private asset index fund
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