LIQUID AND NON-LIQUID ASSETS
By definition, an asset is illiquid if there is no market available to sell it very quickly, without incurring material costs and in large volumes. The following asset classes are considered to be particularly illiquid: real-estate private equity, corporate private equity, corporate private debt, infrastructure private equity and infrastructure private debt.
In most cases, illiquid assets are less transparent than other assets such as listed equity funds. It is usually impossible to find details of particular holdings, prices, valuations, capital gains and taxes in quarterly and annual reports. Swiss real-estate investment foundations, for example, are an exception to this as they disclose details in their annual report.
We help you create transparency and can apply our expertise and systems to supporting you in the following areas:
As of set dates, we analyse the earnings, risk, structure and costs of your illiquid investments and review whether they meet your criteria and objectives and whether the terms conform to the market. We use the results of our analysis to offer you concrete options.
We support you in defining your investment objective, also within the framework of your overall portfolio, and in selecting the right asset manager and the best ways to implement the investments.
MONITORING AND CONTROLLING
We monitor and control your illiquid investments either on a periodic or transaction basis. A controlling report tailored to your requirements displays the results of the review and any potential options you may have, in various levels of detail.
Our clients appreciate our tailored reports because they consolidate their liquid and illiquid assets and include management-relevant information about structure and performance.