Position Holders

A structured route for stranded APAC private-market positions.

For LPs, GPs and funds with residual, illiquid or stressed private-market positions requiring liquidity, recovery or realisation.

Evenflow provides a structured route for stranded APAC private-market positions where value remains, but liquidity, fund life, manager capacity or conventional exit routes have broken down. The proposition combines ADM Capital’s investment-management platform with Trident Capital Advisors’ restructuring and work-out execution capability.

When This Becomes Relevant

When the original route is no longer working.

Many private-market positions still contain recoverable value, but remain trapped by fund life, liquidity pressure, manager capacity, governance limitations or a broken exit path.

  • Funds approaching the end of life while residual assets remain unresolved.
  • LP interests or fund positions that are illiquid, small, complex or difficult to transfer cleanly.
  • Positions where a secondary sale may crystallise an unattractive discount.
  • Portfolio assets requiring restructuring, supervision, control, enforcement or recovery execution.
  • Situations where passive wind-down or ordinary advisory routes may not preserve value.

Who This Is For

Built for position holders, not generic advisory mandates.

Evenflow is designed for holders of identifiable stranded, illiquid or residual private-market positions where a structured path to recovery or realisation is required.

01

GPs

For funds approaching the end of term where residual positions are blocking closure, distribution or LP alignment.

02

LPs / Fund-of-Funds

For investors holding illiquid interests or seeking a route to oversight, recovery or realisation where the original structure is no longer delivering.

03

Funds / Lenders / Capital Holders

For holders of stressed, residual or private-credit exposures requiring structured management, enforcement or work-out execution.

Structured Route

A route beyond secondary sale, passive wind-down or advisory-only processes.

Evenflow is designed to create an alternative route for stranded positions that can no longer be efficiently held, managed or realised within the original structure.

01

Create a route out

Provide an alternative path for LP interests, residual assets or stressed positions that can no longer be efficiently held, managed or realised within the original arrangement.

02

Preserve and manage value

Hold, monitor, supervise or restructure the position through an appropriate investment-management, governance and reporting framework.

03

Drive realisation

Execute the work-out strategy through sale, refinancing, restructuring, enforcement, asset recovery or other realisation routes.

Why Evenflow

Capital structure meets recovery execution.

Evenflow brings together two capabilities that are rarely integrated in a single route for stranded private-market positions.

ADM Capital

Investment-management platform

ADM Capital contributes the investment-management platform, capital discipline, portfolio oversight and reporting framework required to hold and manage complex private-market positions.

Trident Capital Advisors

Restructuring and work-out execution

Trident Capital Advisors contributes restructuring, enforcement, control and recovery execution required to stabilise assets, protect value and drive outcomes.

Together, the platform is designed to move stranded positions beyond passive wind-down, forced sale or unresolved fund-life constraints — toward liquidity, recovery and realisation.

Capital Participation

Capital aligned to identifiable opportunities.

Position-led origination. Situation-specific participation.

Evenflow is not positioned around a generic capital deployment mandate. It begins with identifiable stranded, illiquid or residual APAC private-market positions where a structured route is required. Where appropriate, selected situations may allow eligible institutional or sophisticated capital providers to participate alongside a clearly defined recovery, holding and realisation pathway.

01

Position-led origination

Opportunities begin with identifiable stranded, illiquid or residual positions requiring liquidity, recovery, restructuring or realisation.

02

Situation-specific capital

Capital participation, where applicable, is structured around the underlying position, recovery route, risk profile, holding period and expected realisation pathway.

03

Eligible participation

Any participation would be limited to eligible institutional or sophisticated investors and subject to investor qualification, offering documentation, regulatory requirements and agreed terms.

This page is not an offer to sell, or a solicitation of an offer to buy, any securities, fund interest or investment product. Any capital participation would be subject to applicable regulatory requirements and separate documentation.

Relevant Position Profile

Institutional-scale positions where active management and work-out execution may change the outcome.

Evenflow is designed for stranded, illiquid or residual APAC private-market positions where underlying value remains, but liquidity, fund life, manager capacity or conventional exit routes have broken down.

01

Position type

LP interests, residual fund assets, stressed portfolio positions, end-of-life fund holdings and other illiquid private-market exposures.

02

Situation complexity

Situations where value realisation may require investment-management oversight, governance intervention, restructuring, enforcement, recovery execution or a managed work-out strategy.

03

Scale

Focused on institutional-scale positions where the potential recovery or realisation outcome justifies a structured, partner-led approach.

Have a position to discuss?

A conversation can begin with the position, the constraints and the outcome you are trying to achieve.