Approach
Each position is assessed on its own facts. The route is built around value, control, stakeholder priorities and the strongest path to liquidity, recovery or realisation.
How the Partnership Works
The process is built around five stages — from identifying a stranded position and assessing risk through to active execution and recovery.
01
Identify stranded LP / GP positions across APAC private credit and private equity that require specialist support.
02
Jointly scope value, key risks, control levers and the primary and secondary routes to exit or recovery.
03
Structure positions 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
Execute a disciplined work-out focused on maximising recovery and moving the position toward realisation.
Value Dislocation
As DPI realisation stalls across private markets, Evenflow is built for situations where holders need a route to liquidity, recovery or realisation — without defaulting to a forced sale or heavily discounted exit.
Possible Engagement Routes
Evenflow pursues near-term liquidity and alignment with Limited Partners without automatically trading away upside through heavily discounted secondaries.
Full-service review, diligence, valuation and execution on existing investments to achieve near-term liquidity or other defined solutions.
Retain the manager under independent oversight — or, as a HK-licensed manager, ADM Capital replaces the manager and, with Trident, assumes control.
Where portfolio companies are acutely stressed, Trident steps in as CRO to stabilise, restructure and protect value through disciplined work-out execution and cross-border asset recovery.
The availability and form of any service is subject to the parties’ applicable regulatory status, mandate terms and the circumstances of each engagement.
Our Edge
Evenflow actively manages positions to preserve exit optionality, maximise value and accelerate realisation timelines.
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 designed to maximise value and accelerate 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.
