McCourt develops and manages global investment solutions ranging from direct lending platforms to private equity investment vehicles. In 2015, McCourt announced the launch of MGG Investment Group LP (MGG), a private, specialty finance group focused on complex investments in the underserved middle and lower-middle markets. Then, in 2016, McCourt announced that Frank H. McCourt, Jr., Chairman and Chief Executive Officer of McCourt LP, and Mark Walter, a founder and the Chief Executive Officer of Guggenheim Partners, had launched McCourt Partners, a private investment platform with over $1 billion in permanent capital.
The McCourt Partners investment platform represents an evolution of the successful joint venture by the same name launched in 2012 following the historic $2.2 billion sale of the Dodgers franchise by McCourt to an investment group led by Walter. Initially focused on real estate development, the joint venture made significant investments in flagship development projects in New York City, London, and Miami. Going forward, McCourt Partners will have an expanded mandate to invest in an array of sectors ranging from real estate to finance, and other private equity opportunities.