TREO Asset Management has served as advisor and manager/general partner for stakeholders in private equity funds, venture capital funds, hedge funds, fund of funds, and trusts. The following is a sample of client case studies.*
The holdings of this mature group of funds include significant control investments in a variety of energy assets and businesses in several jurisdictions across the US and Europe. TREO Asset Management was approached by a group of institutional investors to serve as the funds’ successor GP tasked with the orderly resolution of the funds’ investments.
TREO Role: TREO is serving as the replacement GP tasked with developing and managing all aspects of the funds’ value creation and realization plan, including:
With $3.7 billion of AUM at its peak, the firm managed a special situations hedge fund, CLOs, and separately managed accounts.
TREO Role: TREO Asset Management is serving as the replacement fund manager tasked with managing all aspects of the special situations fund’s portfolio and operations, including:
TREO also advised the former manager and served as its CFO providing the following services:
On our appointment, the fund was a mature thirteen-year-old VC fund with non-controlling investments in early-stage technology businesses. The GP was struggling to extract liquidity, yet seeking successive extensions. Frustrated with the direction and limited progress on liquidity, TREO’s client, holding both LP and GP interests, exercised its right to appoint a TREO Asset Management principal to the board of the manager.
TREO Role: A TREO Asset Management principal served on the board of the manager.
This hedge fund managed in excess of $2 billion, investing in public equities and fixed income in special situation assets. The fund formally began the wind-down of its complex offshore fund and operations in 2012.
TREO Role: TREO Asset Management serves as the wind down manager tasked with managing the residual portfolio in an orderly wind-down to maximize investor returns. Day-to-day functions have included:
*Includes selected transactions completed by TREO employees while at a predecessor firm.