Our Story
𝜏-PAM was born at the University of Chicago Booth School of Business, where the founding partners first began to rigorously evaluate liquidity in Asia’s private equity and real estate markets. With distributions to investors at historic lows and innovative debt solutions such as NAV-financing almost completely absent, the founders created 𝜏-PAM to address a clear need in the market.
With decades of combined experience navigating the dynamic financial landscapes of Asia, our team brings a wealth of expertise in three core areas:
Capital Markets Solutions. We excel in addressing the sophisticated needs of global financial institutions and financial sponsors.
Structured Credit & Specialty Finance. Our deep knowledge spans fund finance, real asset financing, strategic equity financing, capital structure advisory, and debt syndication.
Private Equity Investment & Management. Our hands-on experience in managing and investing in private equity gives us a unique perspective in creating solutions that align interests and create value for both GPs and LPs.
This unique combination of skills allows 𝜏-PAM’s team to develop bespoke, executable financing solutions for its clients. We ensure our solutions align with the investment constraints and objectives of financiers, whether they are global institutional investors, asset managers, or family offices.
Our mission is simple: to offer debt solutions such as NAV-financing that empower private equity firms to achieve their goals and exceed investor expectations.
Our process.
Our team works closely with General Partners, Funds and Limited Partners who invest across all alternative asset classes to provide them with independent advice and seamless execution resource on all available non-dilutive alternative asset classes financing solutions.
Our added value.
Our in-house process to structure suited lending solutions relies on a holistic analysis which takes in consideration specificities of the asset owners as well as the characteristics of the portfolio. It gives 𝜏-PAM an edge in designing tailor-made solutions in fragmented markets such as Asia where credit remains a scarce resource for non-rated, illiquid assets.
As an actor evolving in the private markets ecosystem, 𝜏-PAM remains fully independent and specializes in non-dilutive liquidity solutions. As such, we avoid risks of conflict of interest and are a trusted partner for our clients managing or having interests in portfolio of private assets regardless of the sector.
With a diverse capital base from global investors, 𝜏-PAM aims to add capacity and address the limitations faced by the current Asia Pacific market.
What is 𝜏-PAM?
In mechanical engineering, the Greek symbol 𝜏 (tau) represents the shear stress factor of an object (be it a fluid or a solid), measuring the deformation of such object under the effect of a co-planar force. The shear stress is a measurement proportional to the viscosity of the object. For example, the more viscous is a fluid, the higher is the shear stress factor of this fluid.
F the co-planar force applied on the object; A the contact area between the object and the planar surface.
As an analogy, 𝜏-PAM aims to provide cash management solutions for GPs and LPs to manage - and therefore reduce - the “shear stress” of illiquid private assets (private equity, real estate, infrastructure) in their portfolio.
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As we value above all long term relationships and mutual trusts with our clients be them investees or investors, our core values are foundational to our culture and guide the interactions with all our stakeholders :
Integrity. we will never compromises integrity for profit, we place great importance on conducting business with the highest ethical standards and transparency.
Trustworthiness. we are dedicated to being trustworthy stewards, honoring the trust placed in us by stakeholders through our actions.
Collaboration and sense of community. we emphasizes the importance of working together across teams, with investors and investees, and strategic partners to achieve better outcomes. We believe that active collaboration generates superior results.
Innovation. in an ever-evolving investment landscape and fragmented Asian markets, we recognizes the importance of innovation. By leveraging our industry expertise and extensive network, we aim to create value for our stakeholders with the best risk adjusted returns.
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Our clients are looking for liquidity and cash management solutions - with limited recourse from the financiers – which preserves the net asset value of their holdings portfolio hence avoiding any dilutive effect of rounds of capital raising or discount effect of 2aries market.
The financing solutions that 𝜏-PAM designs addresses diverse needs from our client. It includes :
the bridge of the funding gap between an asset portfolio exit (e.g. GP-led 2ary) and the equity distribution to LPs,
the funding of portfolio growth (e.g. bolt-on acquisitions, follow-ons),
the funding of GP contributions to a new fund (e.g. financing of GP-carried interest),
the acceleration of LP distribution (e.g. the yield arbitrage or liquidity seek by the investors) or
the matching of asset and liabilities in term of cash flow durations (e.g. rationalization of fund indebtness).
𝜏-PAM liquidity and cash management solutions rely on an exhaustive finance instruments toolbox including NAV Financing, Hybrid Financing, preferred equity, LP interest leverage facilities, co-investment facilities, GP financing and separately managed accounts.