Our Fund Management Experience:
Bud Kirchner’s 2013 partnership with Crestline Investors (an institutional alternative investment manager) was based on our “Successor GP” program. The resulting Crestline-Kirchner Private Equity Group is focused on acquiring, managing and investing in underperforming and undervalued private equity assets, portfolios and funds. This group is led by W.B (Bud) Kirchner, our founder and architect of the proven “Successor GP” program. We bring to the partnership a 29-year track record of restructuring companies. We have also been successfully deploying this model across a series of portfolios ranging from early stage venture to mid-market buyout since 2004. For more information click here or read the press release.
Our unique combination of operational, fund management and transactional experience provides a basis for assisting Investors achieve their investment objectives. We offer services to a variety of funds including diversified, sector specific, regional and government managed investment funds. We also work with family offices and institutional investors. We take great pride in providing a combination of flexibility and responsiveness, operating with the expectation of a long-term relationship and working within a structure where our economic interests are aligned with our clients and investment partners.
Our unique value proposition is enhanced through the collective experience of our team, which is composed of professionals possessing backgrounds as entrepreneurs, operators, fund managers, and transaction specialists. Our professionals bring a diversity of talent, assembling the right mix of individuals for Investors’ specific needs, whether it is fund co-management, developing an investment program, or implementing best practices. We also have deep experience in all facets of intellectual property.
In our capacity as corporate GP we work with strategic partners to form specialized venture capital funds.
Depending on the circumstances we work with partners in various contexts.
We have deep knowledge around fund structures from our years of experience in the private equity world. We have expertise in the development of Business Models, Investment Models and Fund Models.
Mechanisms of Investments
We are intimately involved with the mechanisms of investments including but not limited to the Offering Memorandum, Limited Partnership Agreement, Subscription Agreement and Investor Questionnaire.
We have a deep understanding of the basic regulatory framework required when forming a fund and we are also familiar with many other regulatory issues that can arise during the formation of a fund.
We have established expertise in the preparation of marketing materials required when forming a fund including, creating and launching a website, developing pitch documents, and structuring and building an electronic data room.
Our highly experienced team can help with almost all aspects of fund formation.
We provide discretionary and non-discretionary management services for Investors choosing not to directly manage a portion of their investment portfolio. This can be done for any combination of fund investment, direct investment, or co-investment programs.
“In the past, [investors] had two options: do nothing or sell the portfolio to a secondary fund at a significant discount… Kirchner represents something in the middle, to continue working with the portfolio and maximizing the value.”
Financial Post Magazine
We develop a customized investment program in close collaboration with each Investor to ensure programs are tailored to specific objectives. This flexibility is essential to take into account each Investor’s sensitivity to risk tolerances, investment goals, and business considerations. Alignment of interest is ensured through a risk sharing compensation structure.
Kirchner actively manages capital as a General Partner of venture capital and private equity investment funds on behalf of their limited partners. Our services include replacement GP or supplemental GP, management of remnant funds, managing funds after their investment phase to improve fund performance and liquidity, management of funds with inherent issues and management of distributed private securities.