Colonnade Financial Group (Colonnade) is expanding its asset management capabilities to family offices to meet the demand for active asset management as family offices continue to increase their allocation to private equity.
These services are consistent with the offerings that Colonnade provides to its institutional investor clients – management of direct private equity assets, fund management, fund restructuring and fund wind-down services.
This expansion follows on the recent completion by Colonnade Managing Partner, Dana LaForge, of his role as a Partner at Brera Capital Partners (Brera). LaForge joined Brera in 2006 to develop and implement a phased, structured monetisation plan in order to maximise value and drive timely realisations from the fund’s portfolio. This included portfolio company restructurings to unlock value across various business divisions as well as the implementation of operational performance improvement strategies of the remaining divisions ahead of their eventual sale. Through this highly structured, phased approach, Brera was able to achieve some strong outcomes, accelerate cash flow by returning 97 per cent of the ultimate distributions by 2012 and deliver positive returns thereafter.
“Adding Dana as a Partner at Brera was instrumental in achieving our success developing and executing our wind-down strategy,” says Alberto Cribiore, founder of Brera. “His superior financial and competitive analysis, integrity and ability to mediate the interests of the GP and the LP’s was critical in maximising the value of the assets.”