Asset Management

The Kirchner team did an excellent job taking over a declining situation, turning things around and managing the portfolio to its successful completion. It is comforting to know that this resource exists for investors and managers seeking to get portfolios back on track

Gaetan LussierChairmanForagen Technologies Management Board

We manage assets for some of the largest insurance companies, commercial banks and institutional investors in the world. We also manage our own proprietary funds.

Kirchner Group is active in in two aspects of asset management, Fund Formation and Fund Management

Our Fund Management Experience:
Kirchner Group Asset Management Map 2015

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.

Tailored venture capital and private equity investment management and advisory services.

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.

Fund Formation

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.

Fund Structures
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.

Regulatory Framework
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.

Marketing
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.

Fund Management

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.

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.

Fund Advisory Services

Kirchner has been credited with having that golden touch when it comes to business.

Bob ScullyPBS Interviewer

We offer a full range of fund advisory services to private equity and venture capital fund as well as family offices and fundless sponsors supporting the work they do and their portfolio companies.

We offer a full range of fund advisory services to family offices and fundless sponsors as well as private equity and venture capital funds supporting the work they do and their portfolio companies. Learn more by viewing our fact sheet.

‘New Diligence’
An increasingly unpredictable world requires the integration of intelligence gathering and operating expertise to provide integrated, insightful, and actionable advice to mitigate risks and create value. Kirchner Group has a joint venture with Strategic Insight Group, a private intelligence company focused on services for the investment community to provide our ‘New Diligence’ service.

Outsourced operating partner

  • Operational Diagnostics – A complete review of operations from independent, senior operators with years of experience leading organizations through difficult situations. Our diagnostic services provide valuable insights to portfolio managers, Boards of Directors and shareholders.
  • Operational Advisory – Our unique platform provides Funds with significant, “real life” operating and investment experience.
  • Exit Preparation – evaluate a portfolio company’s preparedness for an exit, identify gaps and opportunities, develop an exit plan and work with you and company management to progress to an exit.
  • Interim Management/Workout/Turnarounds – Full C-suite of executives who have decades of experience and who apply rigorous process expertise to every engagement. We have 30 years experience repairing, restoring and developing company value for our clients.

Origination
Clients can leverage the Kirchner team and network to source qualified investment opportunities. We have extensive contacts built on long corporate and personal histories including clients, portfolio companies, portfolio company stakeholders and general contact networks. We provide an experienced perspective on opportunities and a disciplined screening process.

Impact
We have a unique and wide ranging perspective on Impact and provide services to family offices and PE/VC funds such as:

  • Portfolio assessment
  • Integration of existing and new investments
  • Portfolio construction
  • Ongoing evaluation and measurement

Mergers & Acquisitions

Together with Kirchner, we were able to convey the strategic value MDT will bring to the combined entity and as a result, more than doubled our valuation.

Davis McGregorCEOMDT

Mid-market sell side mandates to strategic buyers including those centering around deep intellectual property. Collectively we have completed more than 500 transactions.

Kirchner Group is known for bringing a strong operational perspective to support its senior only M&A team. In addition to completing more than 500 transactions as agents, advisors, and/or principals, our professionals leverage our operational strengths to identify and articulate value propositions to strategic buyers.

We have successfully completed transactions in 30 different countries across six continents by leveraging our corporate offices across the United States and Canada as well as our contacts worldwide. Our niche is mid-market sell side mandates to strategic buyers including those centering around deep intellectual property.

Our model pairs one or more of our resident domain experts with an M&A professional for each engagement. This allows for unprecedented insight into the industry as well as streamlined direct contact with strategic buyers which results in premium valuations.

Our approach to M&A is very hands-on. We strive to tailor the value proposition in an M&A to each individual buyer rather than promoting a typical “one size fits all” approach. This is a heavy-lifting approach that we have been able to conduct effectively for our clients because of our senior-only transaction team. That senior team you meet day one will be the team you work with through the entire process and that ultimately sells your company. We focus on our core expertise – maximizing value for our clients seeking to be acquired by strategic buyers.

Kirchner Group assists buy-side and sell-side clients in the execution of mergers, acquisitions, and divestitures. Leveraging the operational, transactional, international, and domain experience of our team, we can provide the services of a large-scale firm while maintaining the hands on approach of a boutique firm.

For more information download our fact sheet.

Operational Services

Kirchner was able to step into a complicated situation involving operational problems, management issues and differing agendas amongst investors and develop a comprehensive, practical turnaround plan… the company was was able to successfully go public representing a significant increase in value. We would use Kirchner Group again without hesitation.

Vincenzo La RuffaSusquehanna International Group, LLP

Full C-suite of executives who have decades of experience and apply rigorous process expertise to every operational engagement. Our team has executed hundreds of operational mandates resulting in significant value being recognized.

Kirchner Group is a team of senior executives with extensive operating experience who are ready to take on any situation facing your company or portfolio company. We provide a full spectrum of operational support offerings including, diagnostic assessments, operational strategies, workout/turnarounds, restructurings, and interim management to companies and their investors. We are especially adept at salvaging and enhancing value in distressed situations. Our professionals bring the ability to rapidly differentiate between reality and perception and the extent of their previous experience also helps achieve credibility with existing management.

We apply rigorous process expertise and proven business protocols built on the basis of actual circumstances. This means our analysis and execution plans are grounded in real outcomes that extend far beyond the scope of consultants and academics. These proven principles are applicable across several industries in both old and new economy industries. An example of our process orientation is a business method model for 180-day turnarounds that we have developed and copyrighted, entitled TurnaroundWorks.

As trusted independent experts we often are able to quickly create consensus in difficult situations. We create a shared interest in maximizing value by aligning our economic interests with those of the key stakeholders in the company. We have deep experience in all facets of intellectual property and can assist companies to develop and execute a plan to build value in intellectual property.

For more information download our fact sheet.

Data Analytics

Deep hands-on experience and broad expertise in data mining and other analytics, including: analysis of chaotic data sets, recursive tree analysis, cost effectiveness analysis, temporal trend-shift detection and a broad range of other parametric and non-parametric statistical techniques and processes. Read more

Corporate Advisory

We recently retained the services of Kirchner Group due to a high level of confidence in their abilities to identify satisfactory prospects for licensing our recently patented intellectual property along with maximizing its value. Kirchner’s highly successful track record in related areas has generated a lot excitement in our organization.

Greg StephensPresidentThe Capstone Medical Products Group, Inc.

We apply our deep domain and process expertise to provide unparalleled insight, support and service in various situations. We have advised numerous companies as well as some of the largest PE and VC firms including advising lead investor on 2 of the largest ever Biotech series A financings and the largest PE financing of an Agtech company.

Kirchner Group’s deep domain and process expertise enables us to provide unparalleled insight, support and service during every advisory engagement. In contrast to traditional consultants who simply produce reports, we not only perform comprehensive analysis and provide strategic recommendations, but also have the ability to roll up our sleeves and assist in execution.

Our team consists of senior professionals who have been in your position before and understand how to dig deep, navigate all the angles and provide actual tangible value. Our advisory services and execution assistance is utilized in some cases as part of the preparatory work for a liquidity event.

We provide a variety of advisory services to individual companies as well as portfolios including:

  • company/technology positioning
  • transaction due diligence
  • company formation and structure
  • market entry and positioning
  • key partnerships and licensing agreements
  • global commercialization strategies

We also provide numerous other tailored advisory services. Each engagement is customized to the needs of the specific situation; thus, only services that are needed are provided. We are engaged by both investors and boards to provide these tailored solutions.

Assessments

Kirchner has an impressive team that very quickly assessed our Company and came up with solid recommendations for the future, including restructuring the staff and providing a path to a successful exit strategy.

Gerry VernerChief Executive OfficerAnyWare Group

In the trenches perspective to provide a complete review from independent, senior operators. We have assisted hundreds of companies in reviewing their operations by providing objective insight and go forward options.

We have refined our diagnostic/assessment process over the years to provide an objective and comprehensive view into our clients’ strengths and weaknesses as well as provide go-forward options. The identification and analysis of the merits of each go-forward option is a key differentiator for us from consultants who may purport to provide operational assessment-like services. This analysis allows stakeholders to meet their fiduciary responsibility and to make well-informed decisions about the Company’s future strategic direction.

Our professionals have extensive backgrounds running private and public companies and bring deep domain expertise to the table. We are experts at differentiating between perception and reality. Typically, the main decision facing investors and BOD members in complex situations is not only (a) what to do next, but also (b) how to do it. The Kirchner Group plays a key role in illuminating these options and can step in to help execute them if appropriate. Also unlike the approach typically taken by consultants, we don’t issue a report just based on what management told us — we apply our own operational experience and in-the-trenches perspective to separate the “wheat from the chaff”.

Often, in the same way that a patient needs a regular comprehensive check-up to assess their health, independent of any obvious health issues, so too do companies benefit from a regular Kirchner diagnostic report to determine how well it is.