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McCourt
McCourt is a diversified asset management and investment firm with interests in real estate, finance, sports, technology and social impact. McCourt's current real estate projects include 360 Tenth Avenue in New York City; 1201 Brickell Bay Drive in Miami; the Stage in London, and 260 acres of land at Chavez Ravine in Los Angeles. The finance business includes MGG Investment Group, a specialty finance firm and direct lender, and McCourt Partners, a private investment platform with more than $1 billion in permanent capital. McCourt owns the iconic French football club Olympique de Marseille, the only French team to have won the UEFA Champions League.
Our credo, We Invest in Better, guides our vision to build a new model of enterprise at that maximizes value by integrating financial results and social impact. Founded in 1893 as a Boston road-building company, McCourt has expanded to a global company with offices in New York City and Los Angeles. -
Real Estate
McCourt's real estate investment and development initiatives include approximately 4 million square feet of mixed-use space in active development. Current projects include an over 800,000-square-foot mixed-use development project at 360 Tenth Avenue in New York, an over 2-million-square-foot luxury residential development project on Brickell Bay Drive in Miami, and in the Shoreditch area of Central London, an over 900,000-square-foot project comprising 250,000 square feet of commercial development and a 40-story residential tower. Additionally, MG controls approximately 260 acres of land in Chavez Ravine in Los Angeles.
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Finance
McCourt develops and manages global investment solutions ranging from direct lending platforms to 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 totaling approximately 4 million square feet. 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. -
Sports & Technology
McCourt and the McCourt family have a long history in professional sports including Frank H. McCourt, Jr.'s ownership of the Los Angeles Dodgers and partial ownership of the Boston Braves by his grandfather. Today, McCourt's sports and media portfolio includes the iconic French football team, Olympique de Marseille, which was acquired in 2016; Global Champions Tour, the preeminent international show jumping series; Global Champions League, an innovative league of show jumping teams made up of the world’s best riders and horses together competing for the largest prize purse in the sport; and Conqur Endurance Group, a company that designs, markets, and produces world-class endurance events including the Los Angeles Marathon.
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McCourt Impact
McCourt Impact is the social impact entity of McCourt that currently supports the McCourt School of Public Policy at Georgetown University, The Shed in New York City, the Olympique de Marseille Foundation in France, and The McCourt Foundation. The McCourt Impact agenda is focused on creating or renewing institutions to confront today's most challenging problems with transformative ideas.