Generali Investments Completes Majority Stake Acquisition in MGG

(Alliance News) - Generali Investments, part of the Generali Spa group, and MGG Investment Group, a US-based direct private credit firm with over USD6.5 billion in assets under management, announced on Wednesday that Conning & Company - a wholly owned subsidiary of Generali Investments - has finalized the acquisition of a 77% stake in MGG and its affiliates.

"We continue to be favorably impressed by the MGG team and are excited to welcome them to our platform," said Woody Bradford, Chief Executive Officer and General Manager of Generali Investments.

"The acquisition of MGG demonstrates our commitment to providing our clients with the best investment solutions in private markets."

"We are thrilled to continue delivering outstanding results for our investors and borrowers, while also creating greater opportunities for our employees as part of Generali Investments," said Kevin Griffin, Chief Executive Officer and Chief Investment Officer of MGG.

"For over a decade, MGG has distinguished itself through our dynamic and proprietary sourcing capabilities, flexible capital, and independent thinking. These principles will remain at the heart of our approach as we begin this new chapter."

Shares of Assicurazioni Generali closed Wednesday down 0.1% at EUR33.37 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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