Successor Asset Management

We are an independent manager of special situations and mature funds, managing on either a successor management or across a complete range of investment strategies. We apply fresh thinking and drive results to maximize value on behalf of all stakeholders.

STRUCTURAL PROBLEMS ARISE OFTEN IN TAIL-END FUNDS OR UNCERTAIN INVESTMENT SITUATIONS THAT INHIBIT THE TIMELY AND EFFICIENT RETURN OF INVESTOR CAPITAL:

  • Unforeseen events limiting the monetization of portfolio assets
  • Limited operating capacity or focus at the incumbent manager
  • Lack of economic incentive for the incumbent manager
  • Crisis event impacting the incumbent manager
  • Lack of specialized expertise by incumbent manager to deal with highly illiquid or distressed fund assets

WE DON’T DO FIRE SALES. WE ASSUME FIDUCIARY RESPONSIBILITY AND EXECUTE A STRATEGY TO RETURN NET ASSET VALUE EFFICIENTLY TO INVESTORS BY:

  • Establishing an asset management plan designed to reflect fund- and asset-level considerations and the specific desires of stakeholders
  • Leveraging our core competency in the management of tail-end assets and end-of-life fund interests
  • Realigning incentives with all stakeholders focused on the highest and timely return of investor capital
  • Implementing our multi-asset-class operating model to reduce operating expenses as AUM declines
  • Working alongside existing fund directors or limited partner advisory committee (LPAC) members to maintain an effective governance framework