AA Advisors

Pharos Capital partners IV

Asset Class: Private Debt / Private Equity / Impact

Pharos Capital Partners is a US physician-founded healthcare private equity group based in Dallas and Nashville with a 22-year history of investing in LMM healthcare services companies across the US. Pharos’ mission is to target attractive risk-adjusted returns while investing along the value-based care curve in growing healthcare services companies that lower costs, improve outcomes, and expand access to care, predominantly in rural and underserved markets.

Private equity approach to investing: each portfolio company is a buyout controlled by Pharos and typically structured with a 7% to 8% current cash interest payment each quarter. 100% of Fund III deals have a similar current cash interest component, with 120%+ of invested capital realized through Q3 2022 via interest income and fees, as well as exit proceeds from first three sales.

Strong Impact credentials: Pharos is minority-founded/owned and actively invests in healthcare businesses which employ women and minority groups (employee composition of Pharos III portfolio companies is 77% women, 34% African American, 10% Hispanic and 7% other minority groups). Pharos’ Impact reporting aligns with all 14 metrics recommended in the GIIN’s Impact Measurement in the Healthcare Sector report.

Finance in Motion (Green scaler fund)

Asset Class: Impact / Venture Capital

Finance in Motion (FiM) is one of the world’s leading independent Impact asset management firm with more than €2.8B in AUM across 9 funds. The firm has 250+ staff members of 50+ nationalities in 16 regional offices across Western Europe (HQ in Germany), Southeast and Eastern Europe, MENA, LATAM & Caribbean.

FiM is focused on addressing two key global challenges: climate change and related environmental threats to humankind, and the global economy’s transition towards a green economy. With a 16-year track record and cumulative investments of €6.4B, FiM has extensive expertise in developing and managing environmental and social impact funds with demonstrable and measurable impact.

FiM is now raising €250MM of investment capital for its Green Scaler Fund (GSF) - a Green Impact Fund platform. The platform will scale emerging fund management teams and invest in their respective greentech impact funds. The Impact Fund platform will have access to ~200 cutting edge companies and will offer co-investment rights to investors.

Synergy Capital II

Asset Class: Private Debt / Special Situations / Real Assets

Synergy Capital was founded in 2015 and is run by two former, 20+ year tenured, Executives and Group Management Board members from ArcelorMittal, one of the world’s largest steel and mining companies. Synergy’s Managing Partner led all of ArcelorMittal’s M&A and corporate finance initiatives, is credited with over $100B worth of transactions for each and, in addition, concurrently managed $8.5B for the Mittal Family Office across the industrials space. His Partner was ArcelorMittal’s top operational professional. Synergy’s senior team has an average of 25 years’ experience and has worked together for over 20 years.

Synergy is currently raising its second vintage on the back of its Fund I closing as one of the largest Real Assets/Special Situations funds globally in 2022, at $350m in February (PitchBook Global Real Assets Report Q1 2022). Fund II will target assets across the global value chain throughout Industrials, Metals and Power.

Synergy’s approach is centered on operational value-creation, with a strong focus on special situations and driving value through active management and operational transformation. Given its team’s extensive investor/operator experience, the manager also has the in-house capability to “take the keys” if needed.

Sizeable co-investment offerings available to LPs (manager has co-invested with likes of BlackRock, Apolllo and Ares).

Tetragon Credit Income IV

Asset Class: Private Debt

Tetragon Credit Partners (TCP) is one of the largest, longest-tenured CLO equity investors globally and a leading pioneer of the application of the private equity style of investing to CLO equity portfolios. Since 2005, TCP has invested in over $2.6B of CLO equity across 119 CLOs and 35 managers within both publicly listed and private vehicle formats. TCP has also structured over $83B of CLOs and has a deep understanding of CLO manager performance, structures, documents, optionality and market dynamics.

TCI IV offers investors a differentiated risk/reward focused investment approach, which seeks to deliver stable returns across a range of environments. The fund will seek to achieve high current income and attractive total returns by investing primarily in E.U. risk retention compliant, majority control U.S. CLO equity tranches (primary/secondary) and opportunistically in U.S. CLO securities (equity/mezzanine debt, primary/secondary). The mon-mark-to-market nature of CLO structure may present CLO managers with opportunities to enhance CLO equity returns by acquiring or disposing of loans at attractive levels, including both initial portfolio acquisition and reinvestment.

Astia fund

Asset Class: Venture Capital / Impact

Astia is a 20 year-old global organization with offices in San Francisco and London which seeks to invest, advise, and partner with women-led start-ups with a mission to help level the investment playing field by addressing gender disparities in access to finance. Many of the most impactful high-growth companies today are led by inclusive teams with women leaders and yet only 3% of venture capital invests in women-led companies. Astia’s investment team is unchanged since 2013 with collective experience of 60+ years, with a pre-fund track record of 130+ investments achieving 27.4% net IRR and 1.1x net DPI.

The Astia Fund will target Series A and B investments into companies that include women in positions of equity and/or influence (typically c-suite) aimed at levelling the investor playing field. Prospect portfolio companies apply and are screened through proprietary sifting model that seeks to remove gender bias: Astia evaluates roughly one thousand start-ups annually yielding the best, high potential investment opportunities with inclusive teams. The fund will seek to build a portfolio of 15-18 women-led high growth companies beyond the concept stage with demonstrated traction or market validation. Its key target sectors are technology, health and wellness, tech enabled consumer, marketplaces, and sustainability.