Mission Creek Offers Distribution Management

Henri Moudi, managing director and co-founder of the San Francisco-based advisory firm, said private equity funds typically contain about 20 to 30 percent of the value of their holdings in public securities reflecting maturing investments.

Instead of selling these shares and returning cash, private equity funds often distribute common stock to their investors in order to provide them with greater flexibility to time their capital gains realizations, to provide greater safe harbor provisions for restricted securities, and other reasons.

Limited partners are “typically not positioned to best manage these often concentrated, illiquid and restricted positions — that’s where we come in,” said Moudi, who developed and led Thomas Weisel Asset Management’s distribution management platform during his 10 years at the firm.

Competitors in the space include T. Rowe Price, JPMorgan Asset Management and Hamilton Lane after its acquisition of Shott Capital. Moudi said his firm stands apart as a pure-play private equity distribution specialist, with no other business lines that could present conflicts. “The Mission Creek team has arguable the longest demonstrable track record in this space,” he said.