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
"Designing and executing wind-down strategies"
Successor Asset Management
Why Secondaries Alone Are Not Enough: Our Approach to Value Recovery
6th Aug 2025
2 min read
Financial Services and Asset Management

Why Secondaries Alone Are Not Enough: Our Approach to Value Recovery

The growth of the secondary market has been a welcome development for LPs seeking liquidity...

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Evaluating GP Performance: Warning Signs and Proactive Solutions
30th March 2025
2 min read
Financial Services and Asset Management

Evaluating GP Performance: Warning Signs and Proactive Solutions

General Partners (GPs) play a critical role in the success of private capital funds. They are responsible for managing investments, driving returns and ensuring...

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Risks of Self-Dealing in Investment Funds
24th October 2024
1 min read
Financial Services and Asset Management

Risks of Self-Dealing in Investment Funds

Self-dealing by fund managers is a serious risk that can undermine investor trust and confidence in the fund. Self-dealing occurs when a fund...

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