• We seek to gain exposure to high-conviction ideas that are a result of market dislocations or catalyst-driven investments

  • We focus on 1-5 year investment horizons

  • Our team has experience building co-investment programs since 2008

RATIONALE
INVESTMENT PROCESS
IMPLEMENTATION
OPPORTUNITIES
RATIONALE
  • Fee savings & alignment of interests
  • Develop a deeper, return enhancing partnership with managers
  • Increase exposure to a manager’s highest conviction, idiosyncratic idea(s)
  • Enhanced transparency into trade ideas, investment process and risk management
INVESTMENT PROCESS
  • Identify managers that provide differentiated idea generation and situations suitable for increased investment
  • Challenge key assumptions underlying the investment thesis and identify historically-equivalent situations
  • Underwrite the manager, including their track record, investment approach, portfolio construction and risk  management
  • Evaluate changes to the original thesis, time frame, investment risks and range of potential outcomes
IMPLEMENTATION

Investments can be standalone or combined with hedge fund investments in a customized solution

EQUITY & CREDIT RELATED

  • Long and short individual securities

THEMATIC

  • Asset-class agnostic
  • Long and short individual securities
  • Basket of several securities
OPPORTUNITIES
  • Pre-IPO Equities
  • Distressed Credit
  • Activist Equities
  • Structured Credit
  • Value Equities
  • Sovereign Credit
  • Event Driven/Special Situations
  • Direct Lending
  • High-Yield Credit
  • Emerging Market Securities