Fund Solutions
Replacement General Partner / Investment Manager
Our dedicated asset management structure enables us to act as a General Partnerand Investment Manager in managing assets held for third parties in pooled
investment vehicles.

Kroll has dedicated asset management platforms
registered with the Securities and Exchange Commission(SEC) as a Registered Investment Advisor, the Cayman
Islands Monetary Authority under the Securities andInvestment Business Law (2019 Revision) and theFinancial Services Commission of Mauritius.

Legacy cost structure no longer appropriate forthe current quantum or status of asset/portfolio.
Performance fees can be reset to align interestsand provide revised incentive for the asset base.

3

Regulatory Pressures

Asset/Portfolio Underperformance
Asset/portfolio may be underperforming which require
hands on operational support from experienced
professionals to seek to drive performance.

1

Regulatory investigations and sanctions, which canbe managed/mitigated by installing a replacement
manager, sub-manager or independent director.

4Skills and Experience

Operational Performance
Limited Partners are dissatisfied with the way thefund is being run or there are concerns regarding
governance and disclosures.

Rationalisation of Cost Structures

2Maximising the value of the asset or portfolio may
require specific experience and skills, such as
restructuring, sale and/or jurisdictional experience.

5

Our Services
Our roles typically include General Partner, Investment Manager, Independent Financial Advisor,
Chief Restructuring Officer, Director, Legal Representative or Liquidator, focusing on restructuring,orderly wind down or other mid term solutions.

Limited Partner and Investor Services•

Review of fund investment portfolios,
governance and strategies•

Identification and execution of investment anddivestment opportunities•

Perform Independent Business Review of portfolio• Seek to reduce cost base and optimise existing
service providers••Flexibility with role and can act as replacement
General Partner, Investment Manager, Independent
Financial Advisor, Chief Restructuring Officer,Director, Legal Representative or Liquidator• Customised regular reporting to Limited Partners
and Investors

Leading discussions and negotiations with Investment
Managers with the goal of effecting change, including
recalibrating fee structures to align interests

General Partner and Investment Manager Services•

Formulating and executing portfolio / investment /secondary market / asset sale campaigns•

Monitoring of investee companies
including directorships• Assuming operational control of investments /assets – Deploying a senior management teamand other resources globally• Cash and working capital managementof investee companies

2• Working with investee company stakeholders
such as bankers, management and otherstakeholders including minority shareholders• Strategic advice and acting in respect of formal
and informal restructuring and workouts ofinvestee companies•

Legal enforcement and potential recovery
of investee companies and assets

Fund Solutions

Portfolio Company and Investee Company Services•

Pre and post investment financial and operational
due diligence• Valuation and divestment strategy•

Formal and informal restructuring and workouts•

Nominee directorship positions••

Developing and implementing strategies withthe goal of creating value from proposed or
new investments

Formulating and executing investment / secondary
market / asset sale campaigns•

Providing support and guidance in connection withseeking to stabilise financially distressed companies• Assisting management, where necessary, to seek
to drive operational and financial change3Key Contacts
Cosimo Borrelli
Managing Director
Hong Kong+852 9492 6393
cosimo.borrelli@kroll.com

Jason Kardachi
Managing Director
Singapore+65 9101 2123
jason.kardachi@kroll.com

Mitchell Mansfield
Managing Director
Cayman Islands+1 345 323 3278
mitchell.mansfield@kroll.com

Disclaimer: All information provided in and through these materials is provided “as is”, with no guarantee of completeness, accuracy, and timeliness, or of theresults obtained from the use of this information. Each prospective client should consult its own legal, financial, accounting, tax and other advisors as to theadvisability of engaging Kroll to provide the services described in these materials. Any “case studies” or specific engagements described herein are provided
for informational purposes only and are not intended as, and should not be construed as, representative of Kroll’s typical engagements (or as implying thatany particular outcomes were obtained in such cases or engagements). Services will by provided by the Managing Directors of Kroll and their staff.
Prospective clients should bear in mind that past or projected performance is not necessarily indicative of future results, and there can be no assurances that
Kroll, in providing the services described in these materials, will be able to implement its investment strategy or approach, achieve certain results or avoidlosses. The information provided herein does not constitute investment advice and does not take into account the particular investment objectives orfinancial circumstances of any specific person who may receive it. Additional information is available upon request.

About KrollAs the leading independent provider of risk and financial advisory solutions, Kroll leverages our unique insights, data and technology to help clients stay ahead of complex
demands. Kroll’s global team continues the firm’s nearly 100-year history of trusted expertise spanning risk, governance, transactions and valuation. Our advanced solutions
and intelligence provide clients the foresight they need to create an enduring competitive advantage. At Kroll, our values define who we are and how we partner with clientsand communities. Learn more at Kroll.com.
M&A advisory, capital raising and secondary market advisory services in the United States are provided by Kroll Securities, LLC (member FINRA/SIPC). M&A advisory,capital raising and secondary market advisory services in the United Kingdom are provided by Kroll Securities Ltd., which is authorized and regulated by the Financial
Conduct Authority (FCA). Valuation Advisory Services in India are provided by Kroll Advisory Private Limited (formerly, Duff & Phelps India Private Limited), undera category 1 merchant banker license issued by the Securities and Exchange Board of India.
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