Objective

The fund seeks mid to long-term capital appreciation achieved through segregated portfolios with investments in both new and established growth-orientated enterprises and real assets located in emerging markets.

The investment is usually net long biased to achieve superior risk-adjusted returns (measured in USD) by emphasizing capital growth.

Strategy

The fund pursues a variety of private equity and asset strategies in segregated sub-funds. Such strategies broadly cover investment in businesses at various stages of their life cycles to access different risk profiles: venture capital in entrepreneurial undertakings, growth capital and buyout as well as special scenarios, which include reorganizations, turnarounds, debt restructuring or distressed debt.

1. Acquisitions and Buyouts
   Leveraged buyouts and takeovers typically involving US$10 million to US$100 million of equity capital in companies with values of US$100 million to US$1 billion
2. Markets
   Primarily in the emerging markets of Latin and South America, China, Central and SE Asia, MENA (Middle East and North Africa) and Eastern Europe.
3. Sectors
   Energy, transportation and water infrastructure, industrials, financial services, media and healthcare.
4. Real Estate
   Direct or private equity holdings in commercial real estate.
5. Mezzanine, Subordinated or Distressed Debt
   A conservative, credit-oriented mezzanine investment strategy investing in subordinated debt, which is senior in a company’s capital structure to ordinary equity.
6. Multi-class assets
   Customized investment strategies in liquid and illiquid assets and commodities and combining traditional investments such as equities, bonds, cash and cash equivalent with non-traditional alternative investments, through direct lines, funds or structured products. Precious metal and alternative and commodities funds may be used for diversification purposes. The investment manager will use its discretion with regard to the selection of sectors, markets, eligible assets and currencies.

To reduce volatility, assets are held in segregated portfolios and are diversified across geography, industry and mid-longer holding durations.