What we do
Creative solutions for hard to value illiquid asset portfolios
Creative solutions for hard to value illiquid asset portfolios
Creative solutions for hard to value illiquid asset portfolios
- Independent third-party view on existing asset valuations and assumptions
- Bespoke asset disposal strategies for all or part of the assets utilising our deep network of buyers
- Provide deferred premium facilities allowing for the sale of illiquid assets
- Provide a backstop / underwritten solution as part of the asset disposal process
- Provide innovative solutions allowing for a staged sale of illiquid assets over time including share of upside to the Sponsor and/or Scheme if required
Maximising values of illiquid assets
Creative solutions for hard to value illiquid asset portfolios
Creative solutions for hard to value illiquid asset portfolios
- BPS is able to help shareholders and sponsors (who underwrite the transfer price)
- We work with trustees (who own the problem) and improve the certainty of outcome of their desired transactions
- We help maximise the value of illiquid assets laying the groundwork for a successful execution of a PRT transaction
- We enable the shareholder and sponsor more time to minimise the cost of PRT (via “Run On” alternatives)
About our approach
Our expertise
Buxton is a team of Pensions, Insurance and Asset Management experts who are focused on the "illiquid asset problem" faced by Pension schemes that are approaching Buyout and Insurance companies providing Buyout solutions.
Our focus
Buxton is particularly focused on providing solutions for illiquid assets where it is difficult to get a broker engaged or get a bid, either because they are smaller positions within "more liquid" illiquid assets (like LP stakes in performing Private Equity strategies managed by top-tier GPs) or because they are "highly illiquid" illiquid assets (like LP stakes in underperforming Private Debt strategies managed by lower-tier GPs or complex, legacy direct investments in Corporate or Real assets)..
Our outcomes
Working with a range of banks and investment funds, Buxton provides a bid for all of the illiquid assets in a scheme, including the "more liquid" illiquid assets, right through to the most complex, "highly illiquid" illiquid assets.
Buxton provides a complete "one stop" solution no matter how complex the illiquid asset problem is. Schemes have the ability to also get bids for the "more liquid" illiquid assets, to ensure fair value for all of the assets.
Buxton aggregates these small stakes and complex illiquid assets in a fund and then uses its specialist expertise to drive value out of those assets.
Who we are - the Founders
Richard Farr, CEO
Richard Farr, CEO
Richard Farr, CEO
Senior Advisor at Cardano Advisory Limited and former MD of the UK's largest dedicated pension solution specialist focusing on advisory, investment and DC via NOW Pensions. Previously a Pension and Restructuring Partner at BDO LLP,
Founder and UK Head of Pensions at Swiss Re, and Founder and Lead Pension Corporate Advisor (and Partner) at PwC for 6 years.
Lead adviser to the UK Pension Protection Fund on its initial risk-based levy, and the UK Pensions Regulator on its original Clearance Guidance rules (these bodies are the UK equivalent of the US Pension Benefit Guaranty Corporation)
Ralf Ackermann
Richard Farr, CEO
Richard Farr, CEO
Former Partner at Searchlight Capital Partners in London where he helped establish the Searchlight Opportunities Fund (“SOF”) strategy which now oversees over $1bn of capital across two dedicated funds.
Former Partner at Apollo Global Management in London and New York, where he helped establish Apollo’s Illiquid Opportunistic Credit business in Europe as part of Apollo’s growing Credit platform.
Ralf has over 20 years of credit investing experience with particular focus on investing, structuring, financing and restructuring businesses across all major European jurisdictions
Henrik Matsen
Richard Farr, CEO
Henrik Matsen
Co-Founder and former ExCo member of Athora, the European life insurance affiliate of Apollo Global Management. Across 9 years, held multiple group management roles and directorships of various operating insurance entities across Europe
Co-founder of RMR Advisors Ltd, an investment and advisory firm which provided insurance related advisory services to Apollo, Athene and their affiliates from 2012 until the creation of Athora.
Henrik previously worked at UBS in its Financial Institutions Group Investment Banking division, and in FICC Structuring
Andrew Amos
Richard Farr, CEO
Henrik Matsen
Former M&G portfolio manager in the private assets business and head of the restructuring and debt solutions team. 20+ years of experience with a particular focus on complex, illiquid private assets.
At M&G, helped establish the Debt Opportunities and Debt Solutions fund families, which grew to €3bn+ AUM. Andrew personally led 100+ restructurings across a range of public and private assets classes.
Prior to joining M&G in 2009, Andrew spent 10 years as a restructuring solicitor in the UK, Asia and Australia most recently in the London restructuring team of global law firm, Jones Day.
