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A confluence of economic, regulatory and structural developments currently at work in Asia make the region exceptionally attractive for private equity investment. Present day Asia can be characterized by unprecedented economic growth, massive inefficiencies and most importantly, commitment to reform in key areas such as banking and law.
As the preeminent Asian distressed debt firm, 3 Degrees is ideally situated to capitalize on the growing number of investment opportunities in the region. Our approach merges traditional private equity with distressed investing. This has resulted in a unique style wherein control is attained through the purchase of secured debt, not equity.
We pursue a relatively broad mandate by investing in distressed debt, distressed real estate and a diverse range of companies experiencing financial or operational difficulty. Within this large universe, we focus on companies and assets that are fundamentally sound, yet overleveraged, overlooked and often in need of capable management.
We avoid widely publicized auctions in favor of individual assets and small portfolios that are sourced via our proprietary relationships. A majority of our investments are sourced from regional commercial banks, wherein the bank has either completed, or about to complete a foreclosure, but does not have the skills, resources or inclination to manage the asset. Our deal flow pipeline is robust and frequently inaccessible by conventional real estate and private equity investors.
Our investment process can be described as cautious, disciplined, and highly selective. Above all, we focus on preserving our investors’ capital.
Learn more about ADF Special Opportunities LP >
FUND INFORMATION |
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Investment Focus |
Asia ex-Japan Distressed Debt (including Australia) |
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| Target AUM |
$300 million |
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| Target Annualized Return |
25% |
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| Fund Inception Date |
TBA |
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Fund Registration |
Cayman Islands |
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General Partner |
ASO Partners Ltd |
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Investment Advisor |
3 Degrees Asset Management Pte Ltd |
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Auditor |
Ernst & Young |
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Administrator and Custodian |
Citibank |
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Legal Advisor |
Maples & Calder |
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LIMITED PARTNER TERMS |
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Minimum Commitment |
USD 5 million. Lesser amounts can be accepted at the sole discretion of the General Partner |
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| Capital Calls |
Commitments will be drawn from investors on an “as needed basis” with not less than 10 days prior notice |
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| Term |
7 years with one 3 year extension |
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| Management Fee |
An annual management fee equal to 1.5% of total commitments will be paid to the investment manager quarterly for four years following the initial closing date. After the fourth anniversary of the initial closing date, the annual management fee will be based on the cost of investments remaining in the portfolio |
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Carried Interest |
No distribution of profit will be made until the Limited Partners receive their initial capital plus an 8% preferred return. Thereafter, 80% will be distributed to the Limited Partners and 20% to the General Partner, subject to a catch up |
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Risk Disclosures > |
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