Crestline-Kirchner Private Equity Group

W.B. (Bud) Kirchner (Founder of Kirchner Group) partnered in 2013 with Crestline Investors, Inc. an institutional alternative investment manager to launch the new business unit on the Crestline Platform. The Kirchner team is the cornerstone of this initiative, called Crestline-Kirchner Private Equity Group. This group is focused on acquiring, managing and investing in underperforming and undervalued private equity assets, portfolios and funds. This group is led by Bud Kirchner, the architect of its proven “Successor GP” Program.

The core of the partnership is the Kirchner Group’s 30-year track record of restructuring companies. Kirchner has also been successfully deploying this model across a series of portfolios ranging from early stage venture to mid-market buyout since 2004.

Crestline Investors, Inc. is an institutional alternative investment management firm based in Fort Worth, Texas. Founded in 1997, Crestline manages approximately $8 billion in client assets across separately managed accounts and commingled funds. Strategies offered include: (1) low volatility and customized hedge fund of funds, (2) opportunistic and customized investment programs including a family of opportunistic strategies, hedge fund secondary investments and private credit funds and (3) tailored beta and hedging strategies. Crestline has 84 employees with 42 investment professionals.

The business unit will focus on the following:

  • Successor General Partner: Acting as a fiduciary to replace or complement the general partner in order to help better align interests, find liquidity and maximize value for limited partners.
  • Advisory Services for Limited Partners: Managing or monitoring an existing troubled portfolio of private equity funds on behalf of limited partners.
  • Successor Fund Creation: Consolidating direct private equity investments into a fund structure to help manage, monitor and exit positions on behalf of a direct private equity investor or group of investors.
  • Investment Opportunities: Sourcing and structuring investment opportunities derived from the aforementioned activities, including:
    • Secured lending and/or investments in private equity portfolios to provide follow-on capital at the portfolio level
    • Secondary purchases of some or all of a fund’s limited partnership interests
    • Providing follow-on capital at the underlying company level

The business will be headquartered in Fort Worth, with additional offices in New York City and Toronto.

Read the press release here.

For more information contact:

David Philipp, CFA
Kirchner Group
+1 (415) 990 9177
dphilipp@crestline-kirchner.com

HudsonAlpha Institute

Kirchner Group’s affiliation with The HudsonAlpha Institute will lead to several important joint ventures. The Kirchner Group will serve as an in-house resource to the scientists and entrepreneurs at The HudsonAlpha Institute for Biotechnology in the context of commercializing intellectual property and mentoring early stage companies. The HudsonAlpha Institute serves as the headquarters for our Health and Life Sciences Team.

The HudsonAlpha Institute for Biotechnology in Huntsville, Alabama, is the cornerstone of the Cummings Research Park Biotechnology Campus. The campus hosts a synergistic cluster of life sciences talent – science, education and business professionals – that promises collaborative innovation to turn knowledge and ideas into commercial products and services for improving human health and strengthening Alabama’s progressively diverse economy. The non-profit institute is housed in a state-of-the-art, 270,000 square-ft. facility strategically located in the nation’s second largest research park. HudsonAlpha has a three-fold mission of genomic research, economic development and educational outreach.

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HMP Communications

Kirchner Group has partnered with HMP Communications to launch a new venture, The Business of Wound Care (BWC). This initiative will provide information, education, and networking support for entrepreneurs, scientists, and investors within wound and diabetes care. BWC resources include a microsite, a webinar series and a one-day meeting co-located with the Symposium on Advanced Wound Care Fall (SAWC Fall) program. To view some 2013 BWC Annual Meeting presentations click here.
HMP Communications is the foremost authority in wound care communications. HMP publishes four journals: Ostomy Wound Management, WOUNDS, Today’s Wound Clinic, and Podiatry Today. Monthly readership of these publications exceeds 60,000 wound care clinicians and decision-makers.

The initiative is built on a foundation created by the synergies of HMP’s communications platform, educational vehicles and expertise along with Kirchner Group’s wound and diabetes related content and equally formidable expertise relevant to intellectual property as well as fixing, selling and investing in businesses in health and life sciences.

Webinars

The complimentary Business of Wound Care (BWC) Webinar Series has been developed to provide information and services for entrepreneurs, companies and investors in the wound and diabetes care field. Stay tuned for new webinar topics.

Current recorded webinars are:
Crystallizing the Value of Intellectual Property in Wound Care
Emerging Technologies/Services in Wound Care

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