Services
Four services.
One discipline.
Strategic mandates on stuck positions. Fund infrastructure for sponsors who bring their own strategy. Managed accounts for clients who want direct ownership. Turnaround and operating advisory when a business needs more than capital. Capital preservation is the common thread.
Primary
Strategic
Mandates
A bespoke engagement for a single position, a portfolio of legacy assets, or a workout where control is the blocker. We are appointed via assignment or power of attorney, take legal and operational control, and drive the resolution to a defensible exit — sale, settlement, restructure, or write-down. We will also execute clean dollar disposals for sellers who simply need to crystallise the tax loss on a dead position.
Mandates today are custom-structured per situation. We do not apply a one-size-fits-all framework, because no two stuck positions look the same. What stays constant: we take control early, we do not wait for market consensus on price, and we report honestly on what is achievable.
Some of the positions we take on will be worth nothing. We say that plainly because it is true, and because the alternative — hedging what we will actually do — is the same failure of discipline that left the position stuck in the first place.
Platform
Fund
Infrastructure
For sponsors who have a strategy but not the cost or the runway to build a fund company around it. Nodal SPC — our Cayman Islands Segregated Portfolio Company — provides the regulated vehicle. The sponsor brings the thesis and the investment decisions; we provide the platform.
Typical examples: a single-theme fund (a whiskey fund, a royalties fund, a niche credit sleeve), a sub-advised mandate where a specialist wants to run institutional money, an emerging manager seed vehicle, or a family office sleeve structured as a proper fund for tax or governance reasons.
Cayman and BVI legal counsel. Third-party fund administration. Independent annual audit. The stack behind the sponsor is institutional-grade. Launch is measured in weeks, not the six-plus months a standalone fund usually requires.
Bespoke
Managed
Accounts
For family offices and institutional clients who want a segregated vehicle with fund-quality governance and reporting, fully client-owned. Same legal infrastructure as our SPs, same service providers, but structured as a dedicated account with full pass-through control.
Typical use cases: consolidating a scattered portfolio of private positions, running a thematic sleeve against a family office's broader allocation, or housing a set of workout mandates under a single vehicle for reporting simplicity.
Operating
Turnaround &
Operating Advisory
Founders get tired. Boards get stuck. Businesses drift. A company in difficulty does not need another consultant — it needs someone who has already run a business and is willing to do it again. We take board seats, serve as interim management, or partner with existing teams to drive a turnaround.
Typical engagements: interim CEO or COO while the founder steps back, a board seat with a defined operational remit, a CRO (chief restructuring officer) role in a workout, or a hands-on operating partnership in a portfolio company we also finance.
Our operating track record is real: a 1,000-person hospitality group in Indonesia turned around and exited at 18% IRR; a consumer-brands platform built and sold; ongoing board and commissioner roles across operating businesses. The advice is hands-on because the operating experience is.
Recent mandates
Three archetypes.
The shape of the work varies. The discipline does not. These are anonymised for confidentiality, dated by quarter only, and written without dollar figures — specifics are discussed with principals under mutual NDA.
Secondary equity
A private-company block at a discount
A top-tier growth-stage equity was trading on the secondary market at a ~30% discount to a recent strategic entry. We sourced the block through broker relationships, warehoused it in a BVI SPV to keep the underlying buyer off the cap table, and distributed interests to ten underlying investors inside two weeks. Year-end 2024 audit marked the block +70% over entry.
Debt workout
A non-performing senior loan
A senior loan was in default and the sponsor had stopped returning calls. We were contributed the claim via a bespoke assignment, hired local counsel, filed for enforcement, and negotiated with the other creditors from a position of standing. The borrower's counsel called within four weeks. We settled at the mark and distributed in Q4.
Legacy LP
A fund past its term
A family office held an LP interest in a fund that had gone past its stated term. The GP was non-responsive. We were assigned the interest, joined the LP advisory committee, and forced a wind-down conversation with the remaining investors. The asset was liquidated and the last distribution landed a year later. The client wrote off any fund-level expectation and was made whole on the underlying.
Discipline
What we won’t take on.
Saying no to the wrong mandates is how we stay useful on the right ones. We turn down more than we accept. If your situation falls into one of the categories below, we are not the right shop — and we will tell you so quickly.
Single-position trades with no recovery thesis
If the only plan is to wait, we are not the right party. There are better brokers for holding.
Retail-scale portfolios
We work with family offices, funds, and corporates. We are not set up for individual HNW portfolios below institutional scale.
Jurisdictions we cannot defend in
We take mandates where our counsel can act. That means Commonwealth jurisdictions, the US via local counsel, and selective European markets. We do not pretend to operate globally.
Engagements without legal control
Advisory-only mandates without assignment, power of attorney, or equivalent rights do not work for what we do. If the holder wants advice, there are good advisors; we are not one of them.
Positions where the client wants guarantees
Some assets are worth nothing. We do not guarantee recoveries. If a guarantee is the requirement, the mandate is misaligned from day one.
Infrastructure
The same institutional stack behind every engagement.
Mandates, fund SPs, and managed accounts all run through the same infrastructure — the one we use for our own live fund.
Nodal SPC
Cayman Islands Segregated Portfolio Company. CIMA-regulated. Full legal ring-fencing between portfolios.
Legal counsel
Established Cayman and BVI firms for SP formation, subscription documentation, and assignment structures.
Fund administrator
Independent third-party administrator. NAV calculation, investor onboarding, AML/KYC, capital calls, distributions.
Independent audit
Annual audit by an institutional firm.
If you are looking at a stuck position — tell us.
A short confidential form, a private reply from a named partner within 24 hours, and an honest view on whether we can help.