IPO - Profile

Summary

Offer Price Offer Size 3-Year Outlook Volatility First Day Turnover
$12.00 20,000,000 Positive High 30.35%

Offering Team

  • Legal counsel
  • Olshan Frome Wolosky LLP
  • Auditors
  • KPMG LLP

Deal Highlights

We are a leading multi-asset class private market solutions provider in the alternative asset management industry. Our mission is to provide our investors differentiated access to a broad set of investment solutions that address their diverse investment needs within private markets. We structure, manage and monitor portfolios of private market investments, which include specialized funds and customized separate accounts within primary investment funds, secondary investments, direct investments and co-investments, collectively (“specialized investment vehicles”) across highly attractive asset classes and geographies in the middle and lower middle markets that generate superior risk-adjusted returns. Our existing portfolio of private solutions include Private Equity, Venture Capital, Impact Investing and Private Credit. Our deep industry relationships, differentiated investment access and structure, proprietary data analytics, and our portfolio monitoring and reporting capabilities provide our investors the ability to navigate the increasingly complex and difficult to access private markets investments. Our revenue is composed almost entirely of recurring management and advisory fees, with the vast majority of fees earned on committed capital that is typically subject to ten to fifteen year lock up agreements. We have an attractive business model that is underpinned by highly recurring, diversified management and advisory fee revenues, and strong free cash flow. The nature of our solutions and the integral role that our solutions play in our investors’ investment decisions have translated into high revenue visibility and investor retention. As of June 30, 2021, we had FPAUM of $14.2 billion, $ LTM pro forma revenue, which was comprised % of management and advisory fees, LTM pro forma net income of $ , and our efficient conversion of EBITDA to ANI generated LTM pro forma ANI of $ as of June 30, 2021.

Deal Tracker

IPO Dates

Filing 12 Oct, 2021

Offer 21 Oct, 2021

Look Ahead

Lock Up Expiry Apr 21, 2022

IPO Terms

Offer Price $12.00
Offer Size 20M

Market Sentiments

Stock Price