Siguler Guff
Website: www.sigulerguff.com
AGEST and Siguler Guff
AGEST employs Siguler Guff to manage part of the fund's allocation to private equity assets. Our investment with Siguler Guff is in the international private equity sector, via the Siguler Guff Distressed Opportunities Fund II.
We have committed US$15 million to this fund, however this money will not be fully drawn until Siguler Guff has a sufficient number of suitable investments. This may take several years.
Objective and strategy
The Siguler Guff Distressed Opportunities Fund II (the "Fund") is a fund-of-funds vehicle, which means that Siguler Guff will invest in many (around 12 to 14) underlying funds that have adopted a "distressed opportunities" investment strategy.
The objective of the Fund is to assemble a diversified portfolio of investment funds that are managed by investment managers with a focus on the securities of companies that are undergoing financial stress, operating difficulties or significant restructuring.
Siguler Guff selects the best "distressed and turnaround" managers. The Fund will include individual funds whose strategies range from short to medium term trading, to strategies that seek active control of the company through to the bankruptcy process, and to strategies in which the ultimate goal is ownership of the restructured company.
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