Client Profile: European Family Office

Objective: Interest in building exposure to US private equity funds

Status: Existing alternative investments in Europe but smaller exposure in the US. Investment team located in Europe.

Assignment:

• Development of investment program with contribution/funding levels
• Structuring of investment vehicle
• Establishment of monitoring and reporting process
• Identification and due diligence of potential investments
• Investment documentation
• Active oversight (e.g. through Advisory Board participation)

Client Profile: Financial Institution 

Objective: Oversight and reduction of existing portfolio of third-party funds and direct investments.

Status: Existing portfolio with funded component. Limited staff resources. Investments are considered non-strategic going forward.

Assignment:

• Evaluation of the existing portfolio
• Independent valuation of underlying investments
• Monitoring
• Development of strategies to maximize return on existing investments
• Reduction of funded commitment levels
• Planning and execution of secondary transactions

Client Profile: Financial Institution

Objective: Sponsor a new management team while providing the anchor investment in a new private equity fund.

Status: New emerging team identified. Considering a significant investment. Looking for sponsorship benefits.

Assignment:

• Due diligence of the new fund team, its track record and deal flow
• Assistance in negotiating the terms of sponsorship, e.g. carry split
• Fund structuring and documentation
• Assessment of fund placement strategy and execution
• Identification of like-minded potential investors in the fund

Client Profile: Family Office

Objective: Increase funded private equity commitments

Status: High hedge fund/liquid investment exposure to be reduced while increasing the private equity allocation. Own investment team more experienced in liquid investments but has limited availability of resources in private equity

Assignment:

• Review and adjustment of existing investment program
• Development of secondary acquisition strategy and program
• Development of co-investment program
• Assistance in planning and recruitment of qualified staff

Client: Family Office

Objective: Review and sale of underperforming investment

Status: Direct investment needs active oversight through transition process. Subsequent sale desirable

Assignment:

• Review of existing investment
• Identification of interim remedial steps leading to stabilization
• Recruitment of new management team to implement the strategy
• Development of value-maximization strategy
• Assistance in the execution of the divestiture process

Client: Corporation

Objective: Assessment of divestiture options and development of disposal strategy

Status: Existing corporate venture direct investment portfolio primarily consisting of minority stakes. No longer of strategic importance.

Assignment:

• Independent valuation
• Review and development of disposal strategy
• Process recommendation and implementation