Tiger Bay Advisors, a provider of consulting and business process outsourcing (BPO) services to asset managers, has completed its acquisition of Gramercy Park Advisors, a boutique strategic advisory firm focused on the asset management industry.
The combination marks a new type of firm within the industry – one with the means to increase a business' value by both improving operational efficiency and providing long-term strategic advice.
The combined firm will help clients align day-to-day operational goals with the longer-term goals of accelerating growth, increasing enterprise value and ultimately monetizing favourably. This is based on the belief that a well-run business is the essential component to creating strategic optionality.
"We set out to build a new kind of service provider; one that is aligned with and driven by our clients' strategic goals," says Owain Morgan, co-managing partner, Tiger Bay Advisors. "The completion of this acquisition further strengthens that connection. We can now offer our clients a combination of strategic and operational services that separate them from the pack, accelerate growth and increase the value of their businesses. In today's environment, competition for capital is fierce. We help our clients win."
"Tiger Bay looks at things in a uniquely powerful, logical and systematic way," says Andrew Laurino, managing partner, Gramercy Park Advisors. "Now, with the combination of our capabilities, we can naturally broaden our offering: putting clients' businesses in context, helping them manage more efficiently and ultimately grow and monetize in an optimal way."
Laurino will join Tiger Bay as a Partner.
Tiger Bay Advisors is an alternative asset management service provider headed by Bridgewater Associates alumni Owain Morgan and Drew Phillips. It helps hedge funds, private equity firms, and other asset managers improve their non-investment business functions. This is accomplished using proprietary techniques in order to unlock "Business Alpha," or the value created, not by investment prowess, but instead by management skill.
Gramercy Park Advisors is an asset management advisory and consulting firm. It assesses, evaluates and maximizes asset management firms' enterprise value. In serving as a value-added partner, Gramercy Park Advisors draws on industry experience, relationships and proprietary data to help managers benchmark their businesses and evaluate and execute on strategic initiatives.