Cork Gully Launches Fund Management Services in Africa
Cork Gully, a leading advisory and financial services firm with extensive experience in restructuring and special situations, has announced the launch of its Fund Management Division in Africa.
Operating out of Mauritius, the firm will be uniquely positioned to serve as sub-advisors or successor asset managers for challenged and/or tail end funds invested across the continent.
Why Cork Gully? In Africa, there is a growing need for specialised fund management services that address challenges faced by stressed or underperforming funds. Our division is committed to providing tailored solutions, ensuring the preservation and enhancement of asset value.
With the expansion, Cork Gully have appointed Peter Schmid to lead in Africa. Peter is the former global head of private equity at ACTIS. Schmid has established six funds in Africa and wound down two.
Key Features of Cork Gully’s Fund Management Division:
- Sub-Advisor Services: Cork Gully collaborate with existing fund managers, offering strategic support to stabilise and manage capital risk.
- Successor Asset Management: When investment funds require new leadership, the firm will step into navigate crises, resolve litigation, and optimise asset performance.
- Tail End Fund Expertise: Cork Gully Asset Managers specialise in managing tail end funds, maximising value for investors during the final stages of a fund’s life cycle.
- Restructuring: Drawing from its restructuring experience, the firm can implement effective strategies to address liquidity challenges and complex situations.
Peter Schmid of Cork Gully, speaking about issues funds are facing across Africa, said: “There are significant issues with many investment funds in Africa that have no active fund/asset managers. Assets languish in these ‘orphan funds’, without proper or existing management, resulting in poor value and poor performance for investors. Cork Gully are providing our consultancy and replacement fund management services to help extract existing value and wind down these funds in an orderly manner so as to optimise returns”
With a legacy dating back to 1906, Cork Gully has been at the forefront of financial solutions. The expansion of Cork Gully’s fund management services in Africa reinforces a dedication to supporting the region’s growth and resilience.
Cork Gully are headquartered in London and have offices in the Channel Islands, Cayman Islands, Dubai, Luxembourg and Mauritius.
"Operating out of Mauritius, the firm will be uniquely positioned to serve as sub-advisors or successor asset managers for challenged and/or tail end funds invested across the continent"
