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Investors are attracted to our TM Consultant Joint Ventures primarily for the following reasons:
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The ability to leverage off of the investment and operating expertise of highly-focused, professionally-managed organizations
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Attractive risk-adjusted returns—as much as 20–25 percent more on core investments, and,
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These TM Consultant investments were better capitalized and afforded greater transparency than other joint-venture companies.
TM Consultant clients recognize the long-term importance of this component of their capital plan and will remain committed to it. Finding
a partner with common investment objectives is also fundamental. From the TM Consultant perspective, an institution’s investment approval
process is important, particularly as it involves to-be-identified assets. The manner in which investment opportunities are rotated among
these relationships is important.
Governance, day-to-day management, reporting requirements and exit mechanisms are also focal points.
Co-investment in any form means reduced control or, at least, shared control. Major decisions are generally approved by both parties; and
in the event of a dispute, there must be an appropriate mechanism for resolution.
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