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Siguler Guff

Last Updated : 08 Feb 2010

Website: www.sigulerguff.com

AGEST employs Siguler Guff to manage part of the fund's allocation to private equity assets.  Our investments with Siguler Guff are in the international private equity sector, via the Distressed Opportunities Fund II and the Small Buyout Opportunities Fund.


Objective and strategy


Distressed Opportunities Fund II

The 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.

Small Buyout Opportunities Fund

The Small Buyout Opportunities Fund was created to build a well diversified portfolio of “best of class” funds investing in the securities of small and lower middle market companies.

Siguler Guff believes the “small” buyout market offers an area of great inefficiency and has a variety of appealing characteristics, including substantial deal flow, less competitive transactions, lower purchase multiples, and significant value creation potential. Top managers in the small buyout market are able to consistently identify and acquire leading small companies at very attractive purchase price multiples, providing strong downside return protection.

Through active oversight and management, the better private equity firms in this space are able to add significant value to their portfolio companies as they build corporate infrastructure, professionalize the business and execute growth strategies.