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TowerBrook Capital Partners

PRI reporting framework 2020

You are in Organisational Overview » Basic information

Basic information

OO 01. Signatory category and services

01.1. Select the services and funds you offer

Select the services and funds you offer
% of asset under management (AUM) in ranges
Fund management
Fund of funds, manager of managers, sub-advised products
Other
Total 100%

Further options (may be selected in addition to the above)

01.2. Additional information. [Optional]

TowerBrook Capital Partners L.P. (“TowerBrook” or “TCP”) is an investment management firm within excess of $13.7 billion under management and a strong history of creating value for investors. The firm is co-headquartered in New York and London and focuses on making investments in companies headquartered in North America and Europe. TowerBrook’s private equity strategy primarily pursues control-oriented investments in large and mid-market companies, principally on a proprietary basis and often in situations characterised by complexity. TowerBrook’s structured opportunities strategy allows access to a broad array of opportunities, principally via structured asset and structured equity investments, enabling investment companies to access funding and expertise to support growth without ceding control.

TowerBrook's value creation strategy aims to transform the capabilities and the prospects of the businesses in which we invest. We invest through different Funds that allow us to access a range of opportunities through the cycle and across the capital structure. We are disciplined investors with a commitment to fundamental value. We seek to deliver superior, risk-adjusted returns to investors on a consistent and responsible basis. Responsible ownership is central to our strategy for value creation. Responsible policies and practices help build stronger businesses and deliver better outcomes for all our stakeholders.

We encourage our partners and portfolio companies to share our commitment to the principles of responsible ownership. Together, we are actively involved in helping to promote good practices that sustain not only the businesses in which we invest but the communities in which we operate. 

TowerBrook is proud to be the first mainstream private equity fund to become a certified B Corp. B Corp certification is awarded to companies that are leaders in their commitment to ESG and responsible business practices. Certification is administered by the non-profit B Lab movement and follows a rigorous assessment and verification process that ensures B Corps meet the highest standards of social and environmental performance, transparency and legal accountability.


OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

United States

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

104 FTE

02.4. Additional information. [Optional]

TowerBrook is an investment management firm co-headquartered in New York and London. For deal sourcing purposes TowerBrook also has representative offices in Madrid, Spain and Munich, Germany.

We work as a single, integrated team that has grown in parallel in Europe and the USA since the inception of TowerBrook. Our entrepreneurial, multinational and cross-cultural approach allows us to act with speed and certainty in multiple jurisdictions.


OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.3. Additional information. [Optional]


OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2019

04.2. Indicate your total AUM at the end of your reporting year.

Include the AUM of subsidiaries, but exclude advisory/execution only assets, and exclude the assets of your PRI signatory subsidiaries that you have chosen not to report on in OO 03.2
Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.4. Indicate the assets which are subject to an execution and/or advisory approach. Provide this figure based on the end of your reporting year

04.5. Additional information. [Optional]


OO 06. How would you like to disclose your asset class mix

06.1. Select how you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity 0 0 0 0
Fixed income 0 0 0 0
Private equity >50% 83.56 0 0
Property 0 0 0 0
Infrastructure 0 0 0 0
Commodities 0 0 0 0
Hedge funds 0 0 0 0
Fund of hedge funds 0 0 0 0
Forestry 0 0 0 0
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash 0 0 0 0
Money market instruments 0 0 0 0
Other (1), specify 10-50% 16.44 0 0
Other (2), specify 0 0 0 0

`Other (1)` specified

          Structured Opportunities
        

06.2. Publish asset class mix as per attached image [Optional].

06.3. Indicate whether your organisation has any off-balance sheet assets [Optional].

06.5. Indicate whether your organisation uses fiduciary managers.

06.6. Provide contextual information on your AUM asset class split. [Optional]

TowerBrook's Private Equity strategy is to pursue control-oriented investments in large and mid-market companies, principally on a proprietary basis and often in situations characterised by complexity. These may include management/shareholder dislocation, a distressed parent company or an out-of-favor industry where we nonetheless identify attractive potential for significant growth. The success of our strategy depends on our ability to choose well, to buy well, to structure our investments appropriately and to harness the right expertise to unlock growth. Our team of seasoned investment professionals is complemented by a network of experienced advisers. We work in close partnership with them and with highly talented senior managers to optimise the performance of our portfolio companies.

TowerBrook's Structured Opportunities strategy leverages our experience and expertise to allow us to invest in opportunities that fall outside the investment parameters of our Private Equity strategy. We define structured opportunities as complex transactions incorporating contractual downside protection that take advantage of changing market conditions, or situation-specific events where traditional control oriented Private Equity attributes may not apply. Our Structured Opportunities investment universe includes structured equity and structured assets. In cases where TowerBrook is a minority investor, where other circumstances imapct TowerBrook's ability to assess, set or monitor ESG-related performance goals, or where we identify material ESG issues that cannot reasonably be addressed, we may not necessarily be able to fully implement our Responsible Ownership Statement. In such cases, TowerBrook will make reasonable efforts to encourage consideration of relevant ESG-related principles by the investee company.


OO 07. Fixed income AUM breakdown (Not Applicable)


OO 08. Segregated mandates or pooled funds (Not Applicable)


OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.

100 Developed Markets
0 Emerging Markets
0 Frontier Markets
0 Other Markets
Total 100% 100%

09.2. Additional information. [Optional]

TowerBrook invests primarily in companies headquartered in North America and Europe.


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