Stewardship

Lia Korvell

Managing Partner · Investment Committee

6 direct reports: Roman Vestrel, Ines Doryn, Owen Kastrell, Grant Elverton, Yara Bensvik, Helena Ittner

$810M

Capital under stewardship

8.1% of firm deployed

Companies accountable for

3 sectors

25%

In the largest holding

of this book’s capital

6.7%

Of committed capital

firm total $12.1B

Condition of this book

By company

By capital

$176M

$400M

$215M

Deteriorating0Elevated1Watching3Improving0Stable4No coverage1

Portfolio difficulty

Turnaround / underperformer / pre-exit0 of 9

Vehicles this book spansFund II $323M · Fund I $379M · Fund III $108M

SectorsConstruction Services, Energy Services, Infrastructure Services

Other roles heldDeal lead ×9 · IC sponsor ×3

Management response

Open escalations

Companies open > 8 weeks

Directions published

0/3

Actions complete

9 companies

9 companies · sorted by attention

Needs attention only


954	Graymoult Construction Group Construction Services	1,750 platform	Escalated	75/73	+2	+5	111	4mo	68%	10/3
208	Heathmoor Building Services Construction Services	480 bolt-on	Developing	58/70	-12	+7	1	4w	71%	—
186	Brackenhold Energy Services Energy Services	2,650 mature holding	Developing	54/74	-20	—	1	3mo	67%	—
118	Vandelmoor Infrastructure Services Infrastructure Services	2,250 mature holding	Developing	48/75	-27	+9	1	4mo	70%	—
60	Sarvane Energy Solutions Energy Services	380 high growth	Weak	33/72	-39	+3	—	—	85%	—
0	Strathwell Pipeline Services Infrastructure Services	520 high growth	Weak	31/72	-41	+1	—	—	85%	—
0	Endelvane Power Services Energy Services	175 mature holding	Weak	29/71	-42	-1	—	—	85%	—
0	Kelverne Rail Services Infrastructure Services	285 high growth	Quiet	19/71	-52	+1	—	—	88%	—
0	Underholt Site Works Construction Services	175 recent acquisition	No program	0/0	0	—	—	—	—	—