“Pain Point”
An ultra-wealthy family office client was seeking to purchase two private equity limited partnership interests from a related party.
“Solution”
Mack & Co. was engaged to diligence the underlying portfolio companies and negotiate the terms of a secondary market purchase of two private equity limited partnership positions. We advised the family in its acquisition of the two private equity positions.
Impact
Within 12 months of acquisition, the first secondary limited partnership was acquired at a substantial multiple on invested capital.