SVP I, the debut fund for the firm, closed in December 2002 and invested with four highly successful leveraged buyout funds. SVP I is diversified by sector and geography.
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SVP II is a leveraged buyout fund of funds which closed in December 2006. SVP II represents a continuation of the successful strategy utilized by the predecessor fund, primarily investing with large, top tier LBO and growth equity firms. SVP II is diversified by sector and geography.
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SVP Real Estate I, LP ("SVP RE I"), closed in February 2008, is a private real estate fund of funds. As with SVP I & II, SVP RE I received allocations with historically successful, highly sought after underlying fund managers who pursue compelling investment strategies. The fund is diversified by sector (Office, Hotel, Industrial/Warehouse, Retail and Residential) and geography (U.S., Europe, and Asia/Pacific).
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The GHP Credit Opportunity Fund (“GHP COF”) is a fund of alternative credit and distressed debt funds that is being raised and invested to pursue two specific investment themes: (1) the de-leveraging of European Banks, and (2) the potential for a distressed cycle in U.S. High Yield Credit. GHP COF will pursue complex liquid and illiquid credit opportunities in the U.S. and Europe.
Learn MoreThe Appian Fund returned –1.67% in September as the market pulled back from its August rally. U.S. and International Equities and U.S. High Yield indices were negative for the month as investors sought haven in U.S. Treasuries in the face of rising geopolitical tensions. Economic and Financial Market Overview The market gave up ground in […]
Sept. 23 (Bloomberg) — CoreSite Realty Corp., the developer of data centers that’s owned by Carlyle Group, raised $270 million after pricing the second U.S. initial public offering of September at the middle of its forecast range. The real estate investment trust sold 16.9 million shares at $16 apiece after offering them at $15 to […]
“Liquid alternatives” have been the growth story for the U.S. mutual fund industry this year. Through the end of June, the alternative fund category reached $156 billion in total assets and a one-year organic AUM growth rate of 30.3%, according to Morningstar. In contrast, U.S. equity funds grew AUM by 1%; taxable bond funds declined […]
The Appian Fund returned 0.22% in August as Equity and Fixed Income markets rebounded from July’s global selloff. Tactical Currency, Global Macro and Relative Value Arbitrage strategies performed well during the month, while Event Driven and U.S. Long/Short Equity were the leading detractors. The VIX averaged 13.49 over the course of the month, up 9.8% […]
The Appian Fund returned –0.85% in July as risk assets sold off worldwide, likely a reaction to geopolitical events. July witnessed the reversal of many positive beta trends as equities pulled back, high yield credit spreads widened and a sovereign defaulted. Economic and Financial Market Overview The markets reacted to the downing of a Malaysian […]
Thomas H. Lee Partners LP will more than triple its investment in Acosta Sales & Markets Co. after Carlyle Group LP agreed to buy the company for $4.75 billion including current debt, according to a person with knowledge of the matter. Thomas H. Lee, a 40-year-old Boston buyout firm, will receive more than $1.7 billion […]
After a long day of trading, Wall Street hot shots are known to enjoy a fine beverage or two. But when it comes to liquid alternative investments, they’re darn near drunk. Liquid alternative funds are akin to hedge funds for mom and pop investors. Instead of simply investing in stocks or bonds, these special funds […]
The Appian Fund returned –0.43% in June as performance was mixed across managers. The Fund’s Event Driven, Macro and Structured Credit managers contributed positively to performance in June, while the Fund’s Relative Value Arbitrage manager suffered a drawdown during a period of extremely low volatility. Economic and Financial Market Overview Investors continued to shrug off […]
The Appian Fund posted a gain in May of 0.24%, as the Fund, and hedge funds in general, rebounded from two consecutive monthly losses. Market sentiment was largely positive during the month as investors elected to reject the theory “Sell in May and Go Away.” Economic and Financial Market Overview Both the Dow Jones Industrial […]
In search of higher returns at current risk levels, institutional investors have expressed intense interest in further diversifying seemingly staid, “traditional” asset allocations constructed using asset class inputs with mean variance-optimization (MVO) tools. During the past decade, institutional investors have augmented public fixed income and equity allocations with a wide range of strategies—including full and […]
GrubHub Inc’s (GRUB.N) initial public offering was priced at $26 per share, slightly above an already raised price range, valuing the biggest U.S. online food delivery services company at about $2.04 billion. The IPO raised about $192.5 million. The price range was raised to $23-$25 per share from $20-$22 on Tuesday. Chicago-based GrubHub, backed by […]
Continental AG agreed to buy Veyance Technologies Inc. from Carlyle Group LP for about 1.4 billion euros ($1.9 billion), adding the maker of industrial hoses and conveyor belts to expand beyond the auto business. Europe’s second-largest maker of car parts expects the purchase of Fairlawn, Ohio-based Veyance to boost profit of its ContiTech unit immediately […]