2010 Annual Report - Harbert Management Corporation

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Corporate Profile Harbert Management Corporation is an investment firm managing approximately $2.8 billion in assets and committed capital as of December 31, 2010. Our portfolio, a disciplined balance of risk and return, is comprised of 11 alternative asset classes in three areas of concentration: real estate, private capital and absolute return strategies. Our funds attract investors from around the world and from many sectors, including endowments, foundations, fund of funds, family offices, pension plans, banks, insurance companies and high-net-worth individuals. We make each commitment of capital with a disciplined focus on risk, absolute return and diversification. We (HMC and our affiliates) make significant investments in each strategy on the same terms and conditions as our Limited Partners. This alignment of interest serves to reassure investors of our ability to source, close, develop and exit transactions profitably. Also reassuring: our institutional infrastructure that supports our diverse set of investment strategies with separate legal, accounting, compliance and risk management teams centrally located at our headquarters in Birmingham, Alabama. In addition to our headquarters in Birmingham, we have satellite offices in New York, Richmond, Nashville, Atlanta, San Francisco, London, Madrid, Paris and Melbourne. Our offices are close to the relevant markets for their respective strategies, while our centralized risk management and compliance programs enable these teams to concentrate on their goal of delivering superior risk-adjusted returns. All of this is accomplished with complete transparency to our investors. Harbert Management Corporation ReAL eStAte: United States european PRivAte CAPitAL: Private equity venture Capital Mezzanine Capital independent Power Australian Private equity ABSOLUte RetURN StRAtegieS: Credit Opportunities emerging Markets event Opportunities value 6
Harbert Management Corporation Locations and private capital investments as of December 31, 2010 HMC Headquarters HMC Investment Offices Harbert Realty Services Offices United States Real Estate Investments European Real Estate Investments Independent Power Investments Independent Power Managed Assets Private Equity Investments Venture Capital Investments Mezzanine Capital Investments Australian Private Equity Investments United States europe Australia
Page 1: Connections Harbert Management Corp
Page 4 and 5: Harbert Management Corporation Fund
Page 8 and 9: 2010 The Year in Review Letter to P
Page 10 and 11: After the four-month engagement, wh
Page 12 and 13: We have transitioned all finance an
Page 14: Real Estate Connecting investors to
Page 17 and 18: Alan C. Fuller vice President & Sen
Page 19 and 20: Mixed-Use Properties Charleston Cig
Page 21 and 22: tor v. tveitane Principal ’10 in
Page 23: Ostfildern (Fleet), Germany - 175,0
Page 26 and 27: Private Equity Our private equity f
Page 28 and 29: 2010 Private Equity Portfolio HPeFi
Page 30 and 31: Venture Capital The exit market for
Page 32 and 33: Active HVP I & II Portfolio Compani
Page 34 and 35: Mezzanine Capital We’ve seen stea
Page 36: 2010 Mezzanine Transactions new inv
Page 39 and 40: Wayne B. Nelson iii President & Chi
Page 41 and 42: Managed Assets Bridgewater (40% own
Page 43 and 44: Jeremy e. Steele vice President & S
Page 46: Absolute Return Strategies Connecti
Page 49 and 50: ’11 introduction Since 1997, Greg
Page 51 and 52: Robin Y. Yang Director of investmen
Page 53 and 54: John H. Frank Director of investmen
Page 55: Zachary P. turnage Director of inve
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Investor Services and Risk Manageme
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Legal and Compliance Our commitment
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Investor Relations HMC’s number o
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Harbert Realty Services, Inc. It ma
Page 66 and 67:
Harbert Employees Reaching Out (HER
Page 68 and 69:
Management EXECUTIVE OFFICERS Raymo
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Harbert Management corporation SM 2
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2010 Annual Report - Harbert Management Corporation

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