A critical component of Mendelssohn White's success is the Asset Management team. The Asset Management team also services and monitors the performance of our existing portfolios and serves as the primary point of contact for all asset management matters.
Private Equity / Mezzanine Debt
The Mezzanine and Private Equity Group is an active provider of junior capital to private equity investors and management teams. The Group invests in mezzanine securities into middle market companies to support leveraged buyouts, incremental acquisitions, growth and recapitalization opportunities. We can be a sole provider of mezzanine, lead a mezzanine transaction or be a value added participant in a larger syndicate in sponsored and unsponsored transactions.
We often provide equity financing in conjunction with a mezzanine investment, and can provide equity financing in support of leveraged buyouts, incremental acquisitions, growth and recapitalizations. We take minority positions and seek to partner with like-minded sponsors. We invest across a broad spectrum of industries and through a variety of structures.
We have experience investing in:
We are active partners with our portfolio companies and frequently participate, as observers, at the Board level.
At Mendelssohn White we have built a robust platform that spans multiple segments and strategies.
Our products include Private Placements, Private Equity/Mezzanine Debt, and Hedge Funds, as well as, unconstrained bond strategies focused on generating absolute return. Dedicated investment teams utilizing a disciplined investment and underwriting process allow us to invest with confidence in these complex asset classes. This experience has been leveraged on behalf of both Insurance and Pension clients.
Mendelssohn White Private Placements team invests across the investment grade private credit market. Private placements offer investors credit spread premiums, potential downside protection due to the financial covenants of the respective deals and diversification relative to traditional asset classes.
Our team employs a disciplined underwriting process that focuses on the credit, structure, relative value and legal aspects of each deal. Our robust agent relationships and an active secondary trading function give us a favorable market position that allows us to source deals and gain access to a broad universe of market opportunities.
We have leveraged this capability on behalf insurance clients and are able to provide customized investment options based on a particular investor’s objectives and risk parameters.
Investment Risks: All investments are subject to risk including possible loss of principal. Private placements are subject to credit and default risk as well as currency, liquidity and interest rate risk. There may be limited information about the issuer and its management, including limited financial clarity.
Direct Investment Criteria
The Mezzanine and Private Equity Group typically targets private companies with a history of cash flow stability and growth. We seek to provide financing to middle market companies demonstrating the following characteristics:
We generally invest in across Asia. We will not pursue early stage companies, companies with significant technology risk, real estate investments and we will generally avoid highly cyclical industries.
In addition to its debt-investment capabilities, Mendelssohn White team also benefits from an established funds management platform. The team acts as co-sponsor on a number of fund, targeting different risk/return profiles to best serve a diverse group of institutional clients.
Fund of Hedge funds
Mendelssohn White employs a fund of hedge funds approach to hedge fund investing. Our dedicated team is organized across three distinct functions to research and analyze an investment from three key perspectives, investment rationale, operational due diligence and risk management.
Our team’s approach seeks to provide long-term risk-adjusted returns with low correlation to the broader equity and fixed income markets. Mendelssohn White’s Hedge Fund Team invests across all major segments of the hedge fund universe, including Macro, Systematic Macro, Long/Short Equity, Relative Value, Short Bias and Emerging Markets funds.
We currently leverage this capability on behalf of both Pension and Insurance clients and are able to provide customized investment options based on a particular investor’s objectives and risk parameters.
The Unconstrained Bond Strategy is actively managed and seeks to generate competitive total returns through a market cycle by balancing price appreciation, income generation and capital preservation.
An unconstrained and balanced top-down, bottom-up approach to identify and determine underlying relative value across the bond market:
Potential Portfolio Benefits
Middle Market Buyout and Mezzanine Funds
The Mezzanine and Private Equity Group provides capital commitments to middle market private equity buyout and mezzanine funds with a proven and successful track record. We look to be a consistent source of capital over multiple funds. We take an active interest in the funds in which we invest, generally seek an advisory board seat and look to partner with funds that will provide us with co-investment opportunities.
Other Top Performing Funds
The Mezzanine and Private Equity Group provides capital commitments to top-performing funds outside of our middle market focus. We will invest in a select number of distressed, international, infrastructure, large buyout and venture funds that have distinct investment strategies and proven track records.