Approach
No single solution is assumed in advance. The appropriate route depends on the position, stakeholder priorities, available control and the most credible path to liquidity or recovery.
How the Partnership Works
The original Evenflow process is built around five stages. The precise route depends on the position, stakeholder priorities, regulatory requirements and the available control levers.
01
Identify stranded LP / GP positions across APAC private credit and private equity where specialist support may be required.
02
Jointly scope value, key risks, control levers and the primary and secondary routes to exit or recovery.
03
Where relevant and permitted, positions may be held or managed within ADM Capital’s regulated, reporting-ready platform.
04
Implement the agreed route through management intervention, business-plan supervision, restructuring, enforcement or other appropriate actions.
05
Work toward the most credible achievable outcome for the position, subject to the mandate and circumstances.
Possible Engagement Routes
Review, diligence, valuation and execution support on existing investments where the objective is liquidity, restructuring or another defined outcome.
Independent oversight, or where appropriate and permitted, a change in management arrangements to improve control, reporting and execution.
Hands-on operational, financial or recovery support where the underlying company or asset requires specialist intervention.
The availability and form of any service is subject to the parties’ applicable regulatory status, mandate terms and the circumstances of each engagement.
Active Management
Where meaningful value remains, a passive wind-down may not be the only route. Evenflow assesses each position and actively pursues the most appropriate path toward recovery or realisation.
Conventional Wind-down
Traditional liquidators typically assume control of a fund or position with the primary objective of running it off and distributing residual proceeds.
The Evenflow Approach
We assess each position and, using the combined experience and network of ADM Capital and Trident Capital Advisors, actively pursue the path that offers the most credible route to value realisation.
Initiate and control a business turnaround where operational or financial intervention is required.
Use regional networks and an institutional sale process to identify an appropriate buyer and pursue a timely exit.
Carve out and divest parts of the portfolio company where this may preserve or enhance value.
Consider complementary acquisitions where a build strategy may improve the position’s value or exitability.
Monitor, manage and prepare the business for a later sale, refinancing or other exit when immediate realisation is unattractive.
A discussion can begin with the asset, the constraints and the outcome you are trying to achieve.
