Sale of Orphan Asset
Fund of Funds
$122,000
Sale of PE Limited Partnership
October 2016
A large Fund of Funds engaged Conrad to market a $6.0 million tail-end portfolio. Following an auction, the strongest bidder was unable to move forward with the transfer of a single, small asset due to its investment in a gun manufacturer, which violated internal investment policy.
Operating under a compact time frame to meet the transfer deadline, Conrad found a purchaser a par, and then coordinated the transfer documents with the General Partner and the transferring parties.