Pacific Current Group Ltd · ASX:PAC
Pacific Current — Non-Deal Roadshow (September 2018)
8 slides from Pacific Current's roadshow presentation, Sep 17, 2018
Slide 1: Competitive Differentiation: Firm Overview
COMPETITIVE 17 SEPTEMBER 2018 D I F F E R E N T I AT I O N Firm Overview
Slide 2: Disclaimer
Disclaimer The information in this presentation is general information about Pacific Current Group (‘Pacific Current’ or ‘PAC’) and is current only at the date of this presentation. In particular, this presentation: ❯ is not an offer or recommendation to purchase or subscribe for securities in Pacif
Slide 3: Competitive Landscape
Competitive Landscape ❯ There are a growing number of competitors entering our space ❯ We will tend to run into competition at deal sizes >US$25m ❯ Though competition puts pressure on pricing, we possess key attributes that allow us to compete - even on larger investments // 3
Slide 4: Our Competition
Our Competition ❯ Private Equity • Many large, generalist PE firms regularly make investments in asset management • Several PE firms are dedicated to asset management and financial services • Asset managers almost always prefer permanent capital over investments from finite-life funds, which makes c
Slide 5: Our Differentiation
Our Differentiation ❯ Size • We consider opportunities across a very broad size spectrum ($1m - $100m) • Few institutional competitors for earlier stage / smaller deals, particularly in North America • We do not seek a minimum percentage or to deploy a minimum dollar amount ❯ Governance • We typical
Slide 6: Our Portfolio Continues to Evolve
Our Portfolio Continues to Evolve • Near Term • Contractual revenues via private capital managers • Companies with permanent capital vehicles • Less equity, particularly active domestic equity exposure • Strategies less vulnerable to inexpensive replication • More exposure to rapidly growing market
Slide 7: Opportunities - By Asset Class & Size of Deal
Opportunities - By Asset Class & Size of Deal Asset Class as % of All Deals vs Avg. Size 30% 60,000,000 25% 50,000,000 20% 40,000,000 15% 30,000,000 10% 20,000,000 5% 10,000,000 0% - % of Deals Avg. Size (USD) » Based on new deal opportunities recorded since 1-1-17
Slide 8: Summary Thoughts
Summary Thoughts ❯ We are well positioned to continue growing PAC via new investments ❯ The supply of attractive investments is excellent ❯ Solid progress has been made toward enhancing the risk posture of our portfolio ❯ Intense focus on increasing diversification into asset classes with different
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