Institutional investors and wealthy individuals investing in private equity face substantial uncertainty as to where and how to deploy assets. In our advisory business, we help investors capture the potential of private equity investing by creating specialized fund-of-fund portfolios that target specific investment objectives or by providing advice and guidance in selecting funds that are best able to achieve a client's specific goals. We serve as both discretionary and non-discretionary advisors, depending on the clients' needs.

Since our founding in 1991, we have committed over $1.2 billion of capital on behalf of our clients to over 110 private equity partnerships. As an advisor, we evaluate the global private equity market, assess the best investment opportunities in the market at any given point in time and provide specific advice on any sectors of special interest to our clients. We provide extensive due diligence with a comprehensive evaluation of fund managers active in these sectors.

In creating specialized fund-of-funds, we deploy assets with the best performing general partners active in the areas best suited to satisfy our client's investment objectives. We manage all capital transactions (investor capital calls and distributions) and provide consolidated client reports and analysis. We also advocate on behalf of our clients with fund managers, often sitting on the advisory boards of the funds that receive our clients' capital. We are more than passive advisors and generally invest our own capital alongside that of our clients.

Our experience in creating and managing direct investment funds makes us a uniquely effective private equity advisor. Because we are direct investors, and not passive intermediaries, we know precisely what to look for when evaluating other managers. And because we are experienced private equity fund managers ourselves, we know how to intervene when problems arise in the management of a partnership, protecting the interest of the limited partners up to and including the restructuring of existing management.

Our reputation as skilled investors in our own right can make us a valuable investor in a fund from the fund manager's perspective. We have access to funds managed by some of the most experienced and effective managers in private equity, funds which are rarely open to outsiders, and we are often considered a valuable "link" in communications between strategic and financial investors with leading industry fund managements.