Fund Name: MMG Ventures (Meridian Management Group, Inc.)
Target Regions/States for Investment: Maryland, Washington D.C, Virginia, New Jersey, Pennsylvania, Delaware
Target Industries: Information Technology, Health, Services, Communications
Website (for more information): http://www.mmggroup.com/interior.cfm?page=funds_ventures
Overview: MMG Ventures, L.P. (The Fund) seeks to invest in small businesses that are at least 51% owned, controlled and managed, on a daily basis, by a person or persons whose participation in the free enterprise system is hampered because of social or economic disadvantages. The target firms should be operating in growth industries and have:
Identified viable marketplace niches.
Strong management with proven and successful histories.
The potential to generate substantial economic activity in the minority community.
The potential to provide a generous return on investment to MMG Ventures and its investors.