December 02, 2022
FG Financial Group, Inc. (Nasdaq: FGF), today announced the formation and initial funding of FG Communities, Inc. in partnership with Fundamental Global®. This is the first project under FG Financial Group’s recently announced Merchant Banking division. FG Financial is a reinsurance and asset management holding company focused on collateralized and loss capped reinsurance and merchant banking that allocates capital in partnership with Fundamental Global, a private partnership led by Kyle Cerminara and Joe Moglia, as well as other strategic investors.
FG Financial Group and Fundamental Global have both allocated capital to FG Communities.
FG Communities is a real estate holding company with a mission to preserve and improve affordable housing. The company has a growing portfolio of manufactured housing communities that it owns and operates. To date, four manufactured housing communities have been acquired and several are currently under contract.
Read more about the formation and initial funding of FG Communities, and learn more about FG Communities, Inc on their website.
