Failed Fund Services

Call us to help protect, turnaround, and dissolve troubled, failing, or failed venture capital, private equity, business development companies (BDCs), open- and closed-end trusts, or other unregistered or registered investment companies and vehicles.  We take on fiduciary roles stepping in as a general partner, advising both general partners and limited partners.  

Our experience extends to portfolio companies as well, but after years of working with complex financial engineering strategies, we can simplify the daunting.  Our engagements commence with a rapid independent assessment of current fund and portfolios through a detailed due diligence process and performance based operational metrics.  This analysis enables us to active implement a process to achieve investment goals with multiple exit strategies.

The real world experience pf our team allows us to effectively support private equity clients to triage and manage liquidity in distressed funds.  We define, develop and deploy operational strategies in a performance based portfolio management approach.  Our portfolio approach, coupled with services implemented to maximize returns, Through deployment of defined operating and portfolio management and implementation services, provides clients with visibility into fund investments (use of proceeds, M&A, etc.), operations, governance and management.  

Our unique services and solutions provide direct managerial and operating assistance to both general and limited partners.  Services include: assumption of interim operating roles (Managing Partner, Chief Operating Officer, Chief Financial Officer, Partner, management consulting, and transaction advisory. 

For example, serving as General Partner, interim operating officer or consultant we assist our clients by:

• Providing real-world assessments to facilitate development of a revised operating plan;
• Taking-over of fund operations;
• Researching and analyzing markets;
• Conducting financial and commercial analysis of portfolio companies;
• Preparing strategic assessments of portfolio companies;
• Reviewing strategic partners, joint ventures and development both locally and internationally; and
• Liquidation of assets.

We conduct reviews of funds, fund management and fund portfolios using the most appropriate industry standard (i.e. TMA, AIRA, ILPA, NVCA, etc.).  This investment and operations audit provides an independent review and baseline of the processes and judgments employed by the fund under review, its general partners and/or managers.  

These reviews are undertaken to assess for LPs whether funds have a problem or whether they will be unable to fulfill their responsibilities as defined under the relevant limited partner agreement.  The reviews are typically conducted post publication of audited financials and focus on the trailing twelve months or any other predetermined period up to a current date. 

Among the items we audit, include but are not limited to:

• How closely the fund holds to its stated investment purposes;
• Whether and how well the fund fulfills its partnership agreement obligations;
• Review of the fund and LP relationships, and mutual obligation(s);
• Practices employed in seeking and evaluating prospective investments;
• Diligence processes employed in implementing investments;
• Fund performance and activity as an investor and/or board member to portfolio investments;
• Overall management condition of the fund, particularly its ability to provide follow-on investment and support;
• Existing or imminent capital impairment and measures undertaken to repair deficiencies; and
• Independent portfolio Fair Market Valuation and/or affirmation of GP developed valuation.

Our LP advisory services include replacement of general partners, market analysis, operations review, interim executive, portfolio review, project assurance skills, and standard technology due diligence.  We have used these skills with respected banks, funds, corporate and institutional investors.  Our rapid triage services, investment assistance, secondary market sales, emerging company growth, consulting and liquidity services provide clear insight to the fund and can create significant cash value to our clients.

Our affiliate Dynamique Capital Advisors allows us to enable in assignments with registered investment companies.

We are unparalleled in our designations compared to our competitors.  The designations of our founder alone include attorney and counselor-at-law, JD, LLM, MBA, CTP, CIRA, Series 65, and will soon include CFA and others,  While MR. Erceg is an attorney, he does not ever represent clients and prefers to work closely with attorney partners.

There is a reason you are facing certain challenges.   Our experience as executives in portfolio companies and turnaround brings market analysis, operations review, interim executive, portfolio review, project assurance skills, and standard technology due diligence.  We provide the opportunity and means to take corrective action before you lose control of our fund.  In fact, by bringing us in to assist, your LPs may even defer action.