Cork Gully LLP

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Cork Gully LLP

We are an advisory and financial services firm specialising in business transformation.

01/12/2025

When a fund stops moving but your capital remains tied up, what’s the most effective way to protect value?

As private equity funds approach the end of their lifecycle, many Limited Partners (LPs) face a significant challenge: how to achieve a clean and profitable exit when General Partners (GPs) are disengaged and asset liquidity is low. In these circumstances, managed exits provide a practical and value-maximising solution.

In this article, Haroon Ansary explores:
- How to assess and triage stalled fund situations
- Strategies for mobilising LPs and engaging the GP
- Legal and contractual levers available to investors
- The benefits of appointing an experienced external manager

Cork Gully specialises in managed exits - advising end-of-life funds, acquiring GP stakes, or purchasing LP positions with a focus on active asset realisation. With extensive experience in complex wind-downs, we deliver greater ex*****on certainty, alignment of incentives, and full transparency.

Read the full article: https://lnkd.in/ejiE45TQ

10/11/2025

Partner at Cork Gully, Haroon Ansary, will be attending Prestel & Partner Family Office Forum in Zurich at The Dolder Grand on 11–12 November.

This global gathering brings together over 100 Single Family Offices and UHNWIs for confidential peer-to-peer exchange on the issues that matter most, from governance and investment strategy to sustainability and succession planning.

At Cork Gully we bring expertise to help family offices preserve value, manage complex situations, and ensure continuity across generations.

If you’re attending and would like to meet, please get in touch. We look forward to connecting with fellow attendees to share insights and explore how we can help achieve long-term success.

25/09/2025

The growth of the secondary market has improved liquidity options for LPs, but secondaries alone are often insufficient, particularly for end-of-life funds with legacy portfolios, complex structures or disengaged GPs. Traditional secondary players rely on discounted LP interest sales and residual upside. While this can work in diversified portfolios, it is far less effective for distressed, illiquid or highly concentrated positions.

At Cork Gully, we provide hands-on restructuring expertise directly to the fund, portfolio or management teams, delivering:

- Strategic guidance and insights into remaining portfolio value
Governance and operational oversight at fund, GP and portfolio company levels
- Targeted interventions through GP interest acquisition or specialist advisory support
- Aligned incentives: we only succeed when value is realised

This proactive, tailored approach enables accelerated exits, maximises recoveries, and reduces legal, operational and reputational risk.

For funds where traditional secondaries are unviable or unattractive, our model provides an effective alternative to recover value and preserve investor returns.

Read more here: https://corkgullyassetmanagers.com/why-secondaries-alone-are-not-enough-our-approach-to-value-recovery/

19/09/2025

Finding the Path to Financial Recovery: Informal Workout Strategies

Steps for an informal workout can be followed by businesses facing financial distress or challenges, without involving a formal insolvency process. These suggested guidelines are intended to provide a structured approach to addressing financial difficulties and working towards a resolution...

https://corkgully.com/finding-the-path-to-financial-recovery-informal-workout-strategies-2/

10/09/2025

How do you successfully wind down a private fund without losing value?

Wind-downs are among the most complex phases in a fund’s lifecycle. Illiquid assets, limited GP engagement, and misaligned incentives can create “zombie funds” that persist with minimal progress towards realisation.

In our latest article, Haroon Ansary examines the challenges of winding down illiquid private funds and outlines:

- The importance of comprehensive portfolio diagnostics to assess exit routes, recovery potential, and timelines
- How to structure disposal strategies, from individual asset sales to full portfolio transactions
- The need for transparent communication with stakeholders on costs, risks, and progress
- Why timely ex*****on is essential to prevent value erosion

Cork Gully provides specialist wind-down expertise. We conduct an initial review, create a step-by-step exit roadmap, and manage the full lifecycle of disposals. We work with internal and external stakeholders to find efficient solutions. Our approach focuses on maximising exit proceeds, minimising ex*****on risk, and ensuring a clean and auditable closure.

Read the full article: https://corkgullyassetmanagers.com/unwinding-the-knot-how-to-strategically-wind-down-illiquid-private-funds/

05/09/2025

How to Value Distressed Companies

Valuing distressed companies can be challenging due to the unique circumstances they face. Traditional valuation methods may not fully capture the complexities and risks associated with distressed situations. However, several approaches and factors are commonly considered when valuing distressed companies.

https://corkgully.com/unravelling-the-value-approaches-to-valuing-distressed-companies/

29/08/2025

Role of Private Credit in Shaping the Economy

Private credit has been experiencing significant growth, now exceeding £100 billion in the UK and this trend is expected to continue. Private credit in the US has increased to over $1 trillion, predominately in the mid-market displacing traditional lending. Key drivers of growth in private credit have been investors searching for alternative sources of yield beyond traditional fixed-income investments...

https://corkgully.com/private-credit-funds-in-the-spotlight/

14/08/2025

Benefits of Trading a Company in Administration

When a company is in administration, trading activities can still continue under the control and supervision of the administrator. However, there are certain considerations and restrictions to be aware of when trading a company in administration...

https://corkgully.com/the-benefits-of-trading-a-company-in-administration/

07/08/2025

We’re pleased to announce that Mark Smith, Partner at Cork Gully, is featured in this month’s Corporate Financier magazine.

In the article, Mark shares his insights into the practical realities of accelerated M&A (AMA) — a growing area of focus in today’s economic landscape.

Read the full feature in the latest edition of Corporate Financier: https://www.icaew.com/technical/corporate-finance/corporate-finance-faculty/corporate-financier/2025/articles/july-august/insight-accelerated-m-and-a

24/06/2025

Webinar - Navigating the Future of Insolvency in the Crypto Era

The rapid evolution of blockchain technology and the widespread adoption of cryptocurrency have introduced a range of complexities to the field of insolvency. As digital assets continue to reshape financial landscapes, insolvency practitioners must adapt to novel challenges while leveraging emerging opportunities.

To address these issues, Hadley Chilton hosted an exclusive webinar, Navigating the Future of Insolvency in the Crypto Era, offering an in-depth analysis of the intersection between blockchain technology and insolvency proceedings.

View the recording and download the slides here: https://lnkd.in/emtPu8Wx

For more information on how Cork Gully can assist in navigating crypto-related insolvency matters, please reach out to Hadley Chilton: https://lnkd.in/dGG62Ntj

19/06/2025

Embedded Workout Teams for Private Credit funds.

As the private credit market transitions into a more challenging phase, direct lenders are increasingly faced with stressed or distressed borrowers. A decade of growth and easy capital has given way to a new reality: higher interest rates, softening asset valuations, and mounting liquidity issues are exposing vulnerabilities across many credit portfolios in the UK and EMEA.

Read more: https://corkgullyassetmanagers.com/embedded-workout-teams-for-private-credit-funds/

17/06/2025

We’re pleased to announce that Cork Gully Asset Managers has joined the British Private Equity & Venture Capital Association (BVCA).

Cork Gully Asset Managers provides specialist support to both Limited Partners and General Partners navigating fund distress, underperformance, or end-of-life scenarios leveraging our experience in restructuring and special situations. We can help stabilise and manage capital risk, generating enhanced asset value and an efficient return of capital to investors.

Cork Gully is headquartered in London with offices in New York, Jersey, Guernsey, Luxembourg, Mauritius and the Cayman Islands.

Learn more about our services: corkgullyassetmanagers.com

Address

40 Villiers Street
London
WC2N6NJ

Telephone

+442072682150

Website

https://corkgully.com/

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