We also have the flexibility to take control positions in new platforms rolling out a proven business model or pursuing a ‘buy and build’ rollup strategy; deploy capital in ‘special situations’ such as bridge funding or ‘last mile’ equity, and; take strategic, minority positions in listed companies where we have a relationship with the controlling shareholders. Our hallmarks are our flexible and creative transaction structuring and our ability to add substantial strategic and operational value in cross-border situations and through our extensive networks.
We are currently investing out of Samena Special Situations Fund II L.P. (SSSF II) that had its Final Closing on 30 June 2013 with total commitments of US$340 million. SSSF II is a successor fund to the Samena Special Situations Fund L.P. which had its Final Closing on 31 May 2009, is fully invested, and has already returned c. 75% of its primary capital to investors.
In conjunction with our Special Situations Funds, we also run an investment strategy to lead and invest in large scale, private equity opportunities in the SAMENA region. These are typically proprietary transactions in the range of US$100 million to US$2 billion in enterprise value. As a lead investor in these situations, we drive due diligence and transaction execution and arrange financing, both equity capital from our Funds, co-investors and third party institutions, as well as leverage from banks and bond markets.
Samena Special Situations Fund L.P. is a 7 year closed-ended Cayman exempted partnership.