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 provide due diligence services on 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, one of the acquired limited partnership interests was acquired at a substantial multiple on invested capital. It is anticipated that the sale of the underlying portfolio company of the second limited partnership interest will also result in a significant return on invested capital.