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