From Chaos to Control: Effective Cash Flow Management
Monitoring, analysing, and optimising the inflow and outflow of cash within a business is a vital component of any turnaround. It involves effectively...
Fund Restructuring
Cork Gully develops and implements restructuring solutions for mature, tail-end or challenged funds and their underlying portfolios. Working with managers, investors and boards, we address structural, governance and financial issues that may otherwise delay realisations, impair value or prevent the orderly return of capital.
Our multidisciplinary experience enables us to consider the fund, its management arrangements and the underlying portfolio together. This approach is informed by Cork Gully’s experience of more than 1,000 restructurings and workouts involving illiquid assets and complex stakeholder situations. We work across private funds, investment companies, trusts and special-purpose structures, drawing where appropriate on Cork Gully’s wider restructuring, fiduciary and special situations capabilities.
Where portfolio-company underperformance is constraining fund value, we draw on Cork Gully’s restructuring and turnaround expertise to support stabilisation, operational improvement and financial restructuring, where the mandate and ownership position permit.
Challenges We Address
- Funds approaching or operating beyond their contractual term
- Fund terms that no longer reflect the needs of the portfolio or stakeholders
- Misalignment among managers, investors and boards
- Governance constraints, conflicts or decision-making deadlock
- Manager transition, succession or capability requirements
- Funding requirements and unfunded portfolio obligations
- Underperformance or distress within portfolio companies affecting fund value
- Excessive costs or complex and inefficient structures
- Financing, covenant or liquidity pressures
- Disputed valuations, distributions or realisation strategies
- Cross-border structures requiring coordinated solutions
Our Services
- Independent restructuring and strategic options reviews
- Commercial advice on fund-term extensions and amendments
- Governance and management restructuring
- Manager transition and successor-manager planning
- Stakeholder negotiations and consent processes
- Capital, financing and liability restructuring
- Coordination of portfolio-company turnaround and restructuring support
- Structure simplification and consolidation
- Assessment of continuation and alternative vehicle solutions
- Contingency planning for consensual or formal processes
- Implementation of agreed restructuring plans across multiple jurisdictions
Our Approach
- Review the fund structure, documentation, governance and portfolio
- Identify the issues preventing effective management or value realisation
- Assess stakeholder rights, priorities and available options
- Develop a practical and implementable restructuring plan
- Build alignment among managers, investors, boards and other stakeholders
- Coordinate implementation with legal, tax, regulatory and administrative advisers
- Assume advisory, fiduciary or management responsibilities where required
“We resolve structural and stakeholder challenges to protect value, restore effective governance and establish a clear path to realisation.”
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