MGM Innova Group

What MGM Innova Group does

MGM Innova Group is a Miami-based private investment holding company founded in 2010, organized around three divisions: MGM Innova Consulting, MGM Innova Capital, and MGM Innova Energy Services. Its core franchise is MGM Innova Capital, a private equity and green-infrastructure investment firm that manages two Latin America-focused sustainable energy funds — the original MGM Sustainable Energy Fund (MSEF, ~USD 67M invested across 28 portfolio investments and 2 exits) and the successor MSEF II (~USD 125M target, 16 investments, ~USD 104M deployed). Combined, the platform reports approximately USD 193M in assets under management, 50 investments across 8 countries, and cumulative impact metrics of ~563 GWh of electricity saved, ~570M tCO2e of GHG emissions avoided, and ~402 MW of installed capacity. All investments are governed by a formal Environmental and Social (E&S) Policy Framework targeting triple-bottom-line results. The investor base consists of major development finance institutions and impact funds, including IDB Lab, FMO, KfW, JICA, the European Investment Bank, BIO, Proparco, GEEREF, GEF, and Bancoldex.

The underlying investment activities target energy efficiency and renewable energy sub-sectors — commercial energy efficiency, hybrid solar distributed generation, industrial energy efficiency, street lighting, utility-scale solar, biogas-to-energy, and hydroelectric generation — across Latin American markets including Mexico, Colombia, Costa Rica, Panama, Brazil, and El Salvador. Capital is provided as equity and mezzanine financing to project developers and operating companies. The firm maintains a Luxembourg subsidiary (MGM Innova Cap Management Luxembourg S.à.r.l.) to support European investor relationships and fund structuring, and operates under a parent entity, MGM Innova Cap Management, LLC.

Revenue is generated through traditional private equity fund management economics: management fees on committed/invested capital (industry-standard 1–2%) charged to institutional LPs, supplemented by carried interest on investment realizations above hurdle rates. The company is privately held, founder-led (Marco G. Monroy as CEO; Maria Pia Iannariello as COO), with Mark Kekichy as CFO, and operates with a small team of 11–50 employees. Revenue figures are not publicly disclosed; AUM growth and continued MSEF II fundraising serve as the primary commercial signal.

Name

MGM Innova Group

Legal name

MGM Innova Cap Management, LLC

Website

https://mgminnovagroup.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

MGM Innova Group is a Miami-based private investment holding company whose core franchise, MGM Innova Capital, manages ~USD 193M in Latin American sustainable energy private equity funds (MSEF, MSEF II, A&S) financed by development finance institutions and impact investors.

Ownership category

akta.pro rank

Product category

Private Equity Fund Management

NAICS

Other Investment Pools and Funds (5259), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Investment Advice (6282)

akta.pro primary industry

Corporate Finance & Capital Advisory (BPAHADAB)

akta.pro secondary industry

Corporate Strategic Real Assets & Infrastructure Venture Investing (FSANAHAN)

Keywords

• Private equity funds
• Green infrastructure investing
• Renewable energy financing
• Sustainable energy investments
• Impact investment management

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Fund Management Fees: Private equity fund management fees charged to investors for managing MSEF, MSEF II, and other funds. The firm also earns carried interest (performance fees) on investment returns.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

MGM Innova Group, through its MGM Innova Capital division, is a private equity and green infrastructure investment firm that manages investment funds (MSEF, MSEF II, and A&S) providing equity and mezzanine financing to clean energy, renewable energy, and energy efficiency projects across Latin America. The firm delivers triple bottom line returns to institutional investors while complying with rigorous environmental, social, and governance (ESG) guidelines, deploying approximately USD 193M across 50 investments in 8 countries.

Product overview

MGM Innova Group operates as a private equity and green infrastructure investment holding company with three divisions: MGM Innova Consulting, MGM Innova Capital, and MGM Innova Energy Services. The core product is MGM Innova Capital, which manages two specialized investment funds: the MGM Sustainable Energy Fund (MSEF), the original fund now in monitoring and divestment stage, and MSEF II, its successor fund currently in the investment period. Both funds adhere to the Environmental and Social (E&S) Policy Framework, providing equity and mezzanine financing for clean energy, renewable energy, and energy efficiency projects across Latin America while complying with rigorous ESG guidelines.

Differentiator

Problem solved

Functional benefit

Brands

• MSEF (MGM Sustainable Energy Fund): The first private equity fund managed by MGM Innova Capital, focused on clean energy and resource efficiency investments in Latin America. MSEF made 28 investments across 6 countries with 2 exits.
• MSEF II (MGM Sustainable Energy Fund II)
• A&S (Environmental and Social Fund)

Products and services

• MGM Sustainable Energy Fund (MSEF) A private equity fund providing equity and mezzanine financing to clean energy and energy efficiency projects in Latin America, including commercial energy efficiency, hybrid solar distributed generation, industrial energy efficiency, street lighting, solar utility, biogas-to-energy, and hydroelectric generation. The fund invested approximately USD 67M total and leveraged approximately USD 170M across 28 investments in 6 countries with 2 successful exits, generating approximately 300 jobs and avoiding approximately 1.8M tCO2e emissions. Targeted at institutional investors including development finance institutions.
• MSEF II (MGM Sustainable Energy Fund II) A private equity and green infrastructure fund (successor to MSEF) providing equity and mezzanine financing to energy efficiency and renewable energy projects in Latin America, with rigorous environmental, social and governance guidelines. The fund has a target size of approximately USD 125M, has made 16 investments, and has invested approximately USD 104M in equity, avoiding approximately 3.1M tCO2e emissions and saving approximately 600k MWh of electricity over the investment lifetime. Targeted at institutional investors including IDB Lab, GEEREF, JICA, FMO, EIB, BIO, KfW, Proparco, and CPF.
• A&S (Environmental and Social Fund) An investment fund managed by MGM Innova Capital with an Environmental and Social Policy focused on creating sustainable value and positive environmental impact through investments adhering to strict ESG guidelines.

Quantifiable outcome

• 563 GWh electricity saved across portfolio
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators16 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Actis: Global private equity firm with a dedicated Energy and Infrastructure platform investing in renewable power and energy transition across emerging markets, including Latin America. Highly comparable to MGM Innova's sustainable energy PE model.
• Climate Fund Managers (CFM): Blended-finance climate PE manager investing in renewable energy and energy efficiency across emerging markets, often backed by DFIs. Direct overlap with MGM Innova's DFI-funded, renewables-focused Latin American mandate.
• responsAbility Investments: Impact asset manager with private debt and equity strategies in renewable energy across Latin America, Africa, and Asia. Comparable DFI-backed, emerging-market climate-investing platform.
• Bamboo Capital Partners: Impact-focused PE firm investing in emerging markets with clean energy exposure. Shares MGM Innova's DFI-funded, triple-bottom-line approach in Latin America.
• Equilibrium Capital: Impact investment firm deploying institutional capital into climate solutions and sustainable infrastructure. Comparable mission-driven infrastructure PE platform.

Broad incumbents

• Brookfield Renewable Partners: One of the largest publicly listed renewable energy platforms globally, with operating, development, and investment exposure across the Americas. Operates at vastly greater scale than MGM Innova but in the same asset class.
• KKR Global Infrastructure: Major alternative asset manager with a global infrastructure platform that invests in renewable energy and energy transition assets, including in Latin America. Broader incumbent with overlapping asset focus.

Emerging players

• SunFunder (Climate Fund Managers): Specialist financier of distributed solar in emerging markets, including Latin America. Comparable DFI-backed energy access/renewables mandate, though primarily debt-focused.
• GenZero: Climate-focused investment platform backed by Temasek that invests in nature-based and technology-based climate solutions, including emerging markets. Comparable DFI-grade institutional climate PE peer.

Regional players

• African Infrastructure Investment Managers (AIIM): Pan-African infrastructure PE manager with a multi-fund track record backed by DFIs and institutional LPs. Analogous emerging-market infrastructure PE platform to MGM Innova, but Africa-focused.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/mgminnovagroup
• YouTubeyoutube.com/channel/UCAcCjrBjFZ8lQzKnsZ5cjkg
• Facebookfacebook.com/mgminnovagroup
• LinkedInlinkedin.com/company/mgminnovagroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments8 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MGM Innova Group