Meridian Capital Group ("MCG") with offices in the United States and the South Pacific, participates in a consortium of private firms appointed by various government agencies to source capital for international humanitarian and infrastructure projects. Through these relationships, MCG has the opportunity to participate in business and investment opportunities. From time to time, we share these opportunities through private placement with sophisticated individuals and institutions.
MCG is committed to sustainable and equitable development of emerging markets. We believe that foreign direct investment is necessary to change the outcomes of indigenous people facing poverty today. Further, we support that such investment comes with social responsibility. MCG works with government and private entities that share our values to mobilize resources for physical and social infrastructure development, leading to improved quality of life and the steady integration of emerging growth nations into the global market.
Meridian specializes in project finance and more specifically:
Current opportunities include the following:
- Sources private investment and government grants for humanitarian projects, primarily in the South Pacific, and
- Sources growth capital for private companies that develop and export superior infrastructure related technologies that demonstrate significant and sustainable social impact on emerging growth nations.
Collectively, MCG and its affiliates have substantial financial and investment experience in private corporations such as Wells Fargo Bank, Trust Company of the West, Societe Generale, ING, Union Bank, Summit Partners, AIG, and Morgan Stanley/Dean Witter. MCG's network includes individuals who have distinguished themselves in international agencies such as the World Bank, Asian Development Bank, World Trade Organization, Organization for Economic Cooperation and Development, European Bank for Reconstruction and Development and the US Department of Commerce.
- Natural Resource Management (debt financing for an eco-forestry venture)
- Energy (energy bridge loans secured by Fortune 500 companies)
- Technology (various private equity offerings)
- Managed Accounts (a portfolio of top MCG investment opportunities)
John Mulcahy, Managing Director
John Mulcahy is currently one of the founders of Meridian Capital Group. MCG was formed to address the merchant banking needs of corporations and governments worldwide. John is a strategy driven entrepreneur, with a twenty year record of delivering sales and management accomplishments to a broad range of businesses. While Vice President of Wells Fargo Bank, N.A., he was recognized as a leader and innovator in the corporate banking division. Expanding his international finance and management focus, Mr. Mulcahy took a project management role with Opportunities Management Corporation Ltd. OMC, with international offices, asked John to develop a boutique 'Fund of Funds' for investors. Mulcahy designed an asset allocation overlay to strategies from world-class fund managers. In addition, he built an alternative investment pool designed to capture higher returns. This vehicle, called the International Opportunities Fund, provided access to exclusive partnerships while maintaining asset class, sector, geographic, currency, industry and structural diversification. Earlier in his career, Mr. Mulcahy was a member of the New York Commodity Exchange's coffee, coco and sugar markets.
Mr. Mulcahy holds a B.A. in Business Finance and Political Science from Mount St. Mary's College in Maryland. He currently serves on the Board of Directors for several US & international companies. He is active in the Rugby Union for the city of Los Angeles and is involved in the Make A Wish Foundation charity for children.
Adam Eckhart, Chief Financial Officer
Prior to joining Meridian Capital Group, Mr. Eckhart was a Partner at Sekits Capital, a Los Angeles based boutique investment bank specializing in mergers & acquisitions for financial institutions. Mr. Eckhart was previously the Director of Finance at TheWorks USA Inc., a rapidly growing and profitable technology company where he managed finance, accounting and corporate development. Prior, Mr. Eckhart spent four years with Arthur Andersen's Valuation Services Group performing private equity valuations for corporations and partnerships within the Tax Services Group. Mr. Eckhart also worked at Summit Partners, a tier-one venture capital firm in Newport Beach, sourcing potential investments within the software technology and information services industries. Mr. Eckhart worked with several high-profile companies, including McAfee Associates, in structuring minority investments in the form of preferred equity and subordinated note agreements. In addition, Mr. Eckhart worked for Dean Witter Reynolds' investment banking group in Los Angeles as a financial analyst. Mr. Eckhart received his MBA from the Anderson Graduate School of Management at UCLA and his Bachelor of Arts in economics and psychology from Claremont McKenna College (Magna Cum Laude / Phi Beta Kappa). Mr. Eckhart is a licensed California real estate broker.
Michael Smith, Director of Asset Management
Mr. Smith spent seven years as a vice president in the institutional money management group of Trust Company of the West where he raised assets for both marketable securities and alternative investments from large corporate and government pension funds. Projects in alternative investments included real estate in China, private equity in Latin America and domestic energy finance.
Mr. Smith became involved in development at the Executive Director of the United States Chamber of Commerce and its affiliate, the Center for International Private Enterprise. Prior to Meridian, Mr. Smith co-founded MSI Solutions. MSI is the architect of an innovative financial service program that received approval from the United States Department of Labor. A recent study by Plan Sponsor Magazine projected that over $600 billion will be invested in the product by 2010 through MSI clients, including Wachovia, JP Morgan, AIG and New York Life.
Mr. Smith holds a B.A. from the University of California at Los Angeles, studied international law at the London School of Economics and received an MBA in international finance from the University of Notre Dame. Mr. Smith is involved in various charities in Los Angeles, including the Big Brother program and Los Angeles Children's Hospital.
Michael Iagrossi, Director of Sales and Business Development
Mr. Iagrossi comes to Meridian Capital Group as a remarkable team and organizational leader with the proven ability to develop and manage high performing sales and marketing organizations. He has demonstrated a strong entrepreneurial flair throughout his career, and exhibits a superior ability to uncover, exploit and match market needs with improved solutions. Mr. Iagrossi has been successful in identifying and sourcing investments and government grants by assessing the market in a variety of industries and acting as a direct liaison between the client and funding agencies.
Prior to joining MCG, Mr. Iagrossi was President and Chief Sales Officer of Cortiva, where he was the co-founder of the first organization focused entirely on eliminating inefficiencies in secondary education within the wellness industry. He successfully drove the company from an early concept stage through to launch, and to $50 million in revenue in less than three years. In addition, Mr. Iagrossi has also held senior positions for Workspeed, Inc., a leading financial service-consulting firm and Inventa Corporation, where he grew consulting revenue to over $35 million in less than 2 years.
Mr. Iagrossi holds a Bachelor of Science in Management from Pennsylvania State University, which he attended on a football scholarship and earned a Masters of Business Administration from Adelphi University. He is also active in the community and is involved in several local civic organizations and is an active member of New York Cares.
MCG acts as an intermediary to foreign governments and domestic sources of funding to provide capital required to design, implement and maintain socially conscious infrastructure projects.
MCG does not provide grants or loans directly to the governments of developing nations, but rather, identifies infrastructure projects that meet investment guidelines established by Meridian. MCG then sources investment capital and grants required to fund projects that will provide long term social and economic sustainability.
Management, in working with the governments of nations in the South Pacific, has been able to identify infrastructure projects that provide both immediate and sustainable impact on the indigenous people. MCG sources infrastructure projects that provide job training, employment and reinvestment into local communities. In addition, we source opportunities to improve transportation, communication, health and safety to countries that are highly deficient in providing such amenities.
Historically, many emerging nations have relied heavily on foreign aid to provide funding for social and infrastructural development. For example, as much as 60% of Papua New Guinea's gross national product has been from donor funding. In working with indigenous people in several nations in the past, MCG has realized that donor aid to federal governments of emerging nations has done little to provide sustainable growth and social improvement. MCG offers emerging nations the opportunity to improve their standard of living through direct investment in social and infrastructure projects.