Products

Active Mandates Q2 2021

CREDIT STRATEGIES

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Credit Value Partners V – Private Debt

Extremely experienced US Corporate debt manager specialising in situations poised to benefit from financial restructuring and / or new liquidity. Activist approach, primarily via senior-secured positions in middle market companies. Target IRR 15- 30% with interest income 6-8% pa.

Anarock Partners – Special Sit Debt / Equity

New manager spinning out of Tilden Park. Special situations platform focused on stable asset-backed credit principally within real estate, aviation, finance and related technologies. Frequently uses a structured equity component for upside optionality. Targeting 15-20% IRR with low volatility.

Orchard Global CloverTree Opportunities – Opportunistic Credit

Fund targets 15-17% net returns with quarterly distributions. Opportunistic credit expressed via secondary market CLO trading and risk retention / regulatory arbitrage, hedged against volatility and tail risks. Strategy has a 10+ years track record within OGAM’s $5bn + credit business.

PRIVATE EQUITY STRATEGIES

ClearVue Partners III – Private Equity Consumer Growth Fund

Shanghai-based manager investing in growth stage companies predominantly serving the Chinese consumer. Targets are $20-$400mm revenue businesses on the cusp of exponential growth. Balanced portfolio construction of approx 10 investments underwritten to 3 – 7x return.

REAL ESTATE STRATEGIES

Alpine Grove – Real Estate

W. Europe Real Estate via private operating companies. Special situations and value-add focused on hospitality, serviced office, and retail. Unique “club” structure advantageous to LP’s is over 30% seeded. Founded 1999 by Richard Georgi (former head of GS Whitehall and Soros Real Estate).

MAX Indian Commercial Real Estate – Real Estate

Partnership between the Max Group, a highly respected Delhi-based conglomerate, and NY Life. Targeting the rapidly growing Delhi region’s need for Class-A office space via greenfield, distressed developer buyout and value-add / redevelopment. Seed assets and extensive pipeline.

Primestor Urban Vision Fund I – Real Estate

Mixed-use development / redevelopment targeting Los Angeles County’s underserved Latino and Black communities. Arturo Sneider has a 25-year track record and high profile as an Impact / ESG investor. Targeting 15-20% Fund IRR, with Direct and Co-Invest opportunities.

HEDGE FUND STRATEGIES

CoreCommodities Founders Absolute Return – Commodities

Commodities manager founded 2003 with AUM > $4.5billion. Highly experienced team targets asymmetric capture of returns from a liquid, diversified portfolio across energy, agriculture, industrial and precious metals futures as well as diverse positions within natural resources equities.