Control-Oriented Debt/Real Assets

Strategy

• Acquisition of debt and/or equity of purpose-built and community assets, typically at a discount
• Control and influence intrinsic value creation of underlying assets

Characteristics

• Enhance value through on-the-ground change
• Unlock value through navigation of encumbrances and other municipal complexities
• Typical hold period of 36 to 60 months
• Instruments include municipal bonds, notes, and equity interests

Fundamental Advantage

• Extensive sourcing channels
• Broad expertise working with community stakeholders
• Deep network of established operating partners with sector-specific and regional expertise