Successor Asset Management
Cork Cork Gully can act as replacement portfolio manager for funds where conflicts, underperformance, or disputes arise. We design realisation strategies, oversee portfolios, and manage distributions with independence and transparency. Our fiduciary role protects LP value and ensures disciplined execution of fund wind-downs. partners have held senior management positions across a variety of sectors and jurisdictions, acting as executive directors, non-executive directors and independent directors. Such a wealth of experience ensures a thorough understanding of a business and its needs, allowing for the smooth implementation of both financial and operational change, . Cork Gully partners have taken executive roles including CRO, CEO, CFO and COO. We are also prepared to act as both executive and non-executive directors. When acting as non-executive directors we can provide support to the other members of the board.
Challenges We Address
- LPs replacing GP due to underperformance or disputes
- Funds reaching term with assets unsold
- GPs exiting fund management business
- Creditor or court-driven need for an independent manager
Our Services
- Acting as replacement GP or portfolio manager
- Designing and executing wind-down strategies
- Independent governance and reporting for LPs
- Distribution management and claims processes
- Interim successor roles until long-term solution agreed
Our Approach
- Accept appointment as replacement portfolio manager
- Design and implement recovery or wind-down plan
- Provide transparent investor communications and reporting