OMIGSA INTERNATIONAl PRIVATE EquITy FuNd OF ... - Old Mutual

ALTERNATIVE INVESTMENTS
OMIGSA
INTERNATIONAL PRIVATE EQUITY FUND OF FUNDS II
SEPTEMBER 2013
KEY FEATURES
Fund size
First close
Legal entity
Sub-fund
Vintage year 2012
Base currency
FOF II term
Regulator
Investment manager
Investment adviser
Administrator
Custodian
Auditors
Listing
Minimum investment
US$300 million (target)
US$235 million
INVESTMENT OBJECTIVE
The investment objective of OMIGSA International Private Equity Fund of Funds II
(FOF II) is to maximise capital appreciation over the long term by investing
in a select group of Portfolio Funds, managed by well-researched, reputable
and independent top-performing private equity managers.
FOF II will diversify its capital commitments among Portfolio Funds that
invest in companies involved in restructuring, recapitalisations and buy-out
opportunities. The emphasis is on “generalist” funds that focus on later-stage
development capital and mid-market buy-outs. Specialist narrow-theme funds
will be avoided. FOF II will, to a limited extent, also invest in Secondary Funds
of Funds to optimise diversification and accelerate return of capital. It will
be balanced geographically across the US, Europe and emerging markets.
INVESTMENT PROPOSITION
Old Mutual Investment Group Alternative
Assets PLC
OMIGSA International Private Equity
Fund of Funds II (“FOF II”)
USD
12 years
(plus 3 years’ possible extension)
Central Bank of Ireland
Ballybunion Capital Limited, an Irish registered
company
Old Mutual Investment Group (Pty) Limited
International Fund Services
(Ireland) Limited
State Street Custodial Services
(Ireland) Limited
KPMG (Dublin)
Class C shares listed on the Irish Stock
Exchange (Share code B85SCM0)
US$1m
Private equity has historically outperformed public markets.
Direct access to individual private equity funds requires extensive due diligence
capability and typically minimum investment amounts of US$5 million to
US$10 million per fund. Through FOF II investors can broaden their reach
across a range of funds with more modest investment amounts.
FOF II gives investors access to a globally diversified portfolio of private equity
funds, managed by reputable, top-performing managers.
There will be significant exposure to the developed markets, as well as to the
higher-growth emerging markets.
FOF II is listed in a highly regulated market.
FOF II has negotiated a leverage facility of US$50 million.
So far, FOF II has committed approximately US$180 million to 12 Portfolio
Funds, giving investors immediate visibility to underlying expected exposures.
PORTFOLIO SUMMARY (September 2013)
Portfolio Fund name
Geographic focus
Advent International GPE VII
North America, Europe
Affinity Asia Pacific Fund IV
Asia Pacific
AlpInvest Secondaries Fund V
North America, Europe
Apollo Investment Fund VIII
North America
AXA LBO Fund V
France, Germany, Italy
AXA Secondary Fund V
North America, Europe
Carlyle Partners VI
North America, Global
Carlyle South America Buyout Fund South America (mainly Brazil)
Equistone Partners Europe Fund IV UK, France, Germany
New Enterprise Associates 14
US, India, China
Nordic Capital Fund VIII
Nordic, German-speaking
Triton Fund IV
Nordic, German-speaking
FEE STRUCTURE
Advisory/management fees
0.5% p.a. of FOF II net asset value (before borrowings) and uncalled capital
commitments made to Portfolio Funds, charged quarterly in advance.
Outperformance distribution
10% of the return above the preferred return (US CPI plus 6% p.a.).
Other fees
Administration, custody, audit, legal, listing and directors’ fees are carried
by FOF II as stated in the Prospectus.
PRODUCT STRUCTURE
South African investors Class E shares
Foreign non-US investors Class E shares
Minimum investment
US$1 million
FOF II is a drawdown fund, which means that any subscription amount
committed to can be drawn down by FOF II over the term of the fund.
Investors will need to meet the regulated minimum “qualifying investor”
requirements as referred to in the Prospectus.

OMIGSA
INTERNATIONAL PRIVATE EQUITY FUND OF FUNDS II CONTINUED
INVESTMENT MANAGER EXECUTIVE BOARD MEMBERS
John Conway
BA (Econ), LLB
33 years’ asset management experience
Patrick O’Sullivan
BCL, BL, Solicitor
31 years’ investment banking experience
Gerard Nicholas
BBS, FCA
34 years’ investment banking experience
Brendan McCarthy
FCCA
30 years’ insurance & financial services experience
INVESTMENT ADVISORY TEAM
Paul Boynton
BSc (Hons), CA(SA), MBA
23 years’ investment experience
James Regout
MEcon
34 years’ investment experience
Kathleen Danoher
BS, MBA
17 years’ investment experience
Leon Liebenberg
BAcc, CA(SA), MBA
16 years’ investment experience
INVESTMENT ADVISER COMMITMENT
The Investment Adviser and the advisory team members will co-invest in FOF II.
INVESTMENT ENQUIRIES
Please contact Kathleen Danoher at kdanoher@oldmutualinvest.com or Leon Liebenberg at lliebenberg@oldmutualinvest.com for more information.
CONTACT DETAILS
Old Mutual Investment Group (Pty) Limited, PO Box 878, Cape Town 8000. Tel: +27 21 509 5022 Fax: +27 21 509 4663
www.oldmutualinvest.com
Disclaimer
The above information is not comprehensive. For a full understanding, the Prospectus for FOF II (dated 19 June 2012) should be read in its entirety.
Old Mutual Investment Group (Pty) Limited (www.oldmutualinvest.com) is a licensed financial services provider, FSP 604, approved by the Registrar of Financial Services Providers (www.fsb.co.za)
to provide intermediary services and advice in terms of the Financial Advisory and Intermediary Services Act 37 of 2002. Old Mutual Investment Group is a wholly owned subsidiary of Old Mutual
(South Africa) Limited. Reg No. 1993/003023/07.
Contractual rights and obligations of investors in these funds are subject to contract. Private Equity investments have short-term to long-term liquidity risks and there are no guarantees on the investment
capital nor on performance. The value of the investment may fluctuate as the value of the underlying investments change. Past performance is not necessarily a guide to future investment performance.