Colonnade Financial Group (“Colonnade”) announced today that it is expanding its asset management capabilities to family offices to meet the demand for active asset management as family offices continue to increase their allocation to private equity. These services are consistent with the offerings that Colonnade provides to its institutional investor clients – management of direct private equity assets, fund management, fund restructuring and fund wind down services.
This expansion follows on the recent completion by Colonnade Managing Partner, Dana LaForge, of his role as a Partner at Brera Capital Partners (“Brera”). LaForge joined Brera in 2006 to develop and implement a phased, structured monetization plan in order to maximize value and drive timely realizations from the fund’s portfolio. This included portfolio company restructurings to unlock value across various business divisions as well as the implementation of operational performance improvement strategies of the remaining divisions ahead of their eventual sale. Through this highly structured, phased approach, Brera was able to achieve some strong outcomes, accelerate cash flow by returning 97% of the ultimate distributions by 2012 and deliver positive returns thereafter.
“Adding Dana as a Partner at Brera was instrumental in achieving our success developing and executing our wind down strategy,” said Alberto Cribiore, founder of Brera. “His superior financial and competitive analysis, integrity and ability to mediate the interests of the GP and the LP’s was critical in maximizing the value of the assets.”
About Colonnade Financial Group
Founded in 2002 through a spin out of a portfolio of private equity investments from Deutsche Bank, Colonnade acts as a GP of funds, and a replacement GP or Co-GP on third party originated private equity funds, most often assuming fiduciary obligations to the LP’s. Colonnade has a proven track record of improving the outcome of direct private equity investments primarily through its traditional GP capabilities, as well as through its differentiated expertise in fund wind downs, asset disposition and dispute resolution capabilities.
About Brera Capital Partners Limited Partnership
Founded by Alberto Cribiore, former Co-President of Clayton, Dubilier and Rice, Brera was a New York based $680MM private equity firm that specialized in control investments in middle market companies.
More on the Colonnade Family Office opportunity and services can be found at