Corporate presentationLast update on Jun 4, 2024

Trusted Partners Across Private Equity

ACE & Company (“ACE”) is a multi-stage private equity and venture capital group built on a unique combination of expertise, experience, and knowledge of its founders and team. The group has $1.7bn total assets across Secondaries, Buyouts, Ventures, and Investment Solutions.

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ACE & Company

Delivering differentiated returns across private equity

ACE's investment offering has proven resilient over fifteen years, benefiting from the shared knowledge across strategies to make well-informed decisions and mitigate risk. ACE delivers differentiated returns through the breadth of our portfolio, investment process, and information advantage built on decades-long relationships with industry leaders.

ACE’s entrepreneurial approach leverages diverse investment sourcing channels and a large global network. ACE benefits from a longstanding, strong track record since the Company was founded in 2005 and FINMA-authorized in 2017.

ACE’s priority is to deliver investors a trustworthy investment offering that values honesty, transparency, and rigorous execution. With headquarters in Geneva and offices in London, New York, and Cairo, our global presence allows us to maintain proximity to investors, corporate partners, and entrepreneurs.

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ACE in Numbers

0

Product Strategies
US$

0

bn
of Total Assets

Total Assets are assets under management combined with assets under advisory

0

+
Portfolio Holdings

Includes partially exited companies

US$

0

mm
of Total Distributions

As of April 2024

0

Companies over 3x

Driven By Knowledge

  • Mitigating risk across stages through our portfolio's breadth of knowledge and depth of expertise
  • Engaging our three strategies to foster a more comprehensive understanding of private markets and enhance decision-making
  • Drawing on a network of specialists, we gain unique perspectives to make better-informed decisions

Agility as Strength

  • Navigating the ever-changing investment landscape by leveraging years of team experience
  • Fostering innovation and enabling quick decision-making with an entrepreneurial mindset
  • Embracing flexibility to swiftly respond to market shifts and capitalize on emerging opportunities

Aligned Partners

  • Demonstrating commitment through ACE partners and employees contributing ~35% of total AUMs
  • Fostering a collaborative culture and valuing partnerships with colleagues and investors
  • Remaining investor-focused and quickly adapting to an investor’s needs and requirements

International Footprint

internation footprint

North America

Office in New York90 Investments67% AUM44 exited companies
  • Communication Services(1.7%)
  • Consumer Discretionary(20.5%)
  • Consumer Staples(1.1%)
  • Financials(9.2%)
  • Health Care(7.6%)
  • Industrials(16.4%)
  • Information Technology(40.4%)
  • Materials(3.0%)
  • Real Estate(0.2%)

Europe

Office in Geneva31 Investments23% AUM3 exited companies
  • Communication Services(9.0%)
  • Consumer Discretionary(2.2%)
  • Consumer Staples(0.2%)
  • Financials(37.8%)
  • Health Care(2.7%)
  • Industrials(0.1%)
  • Information Technology(46.4%)
  • Materials(1.7%)

Asia

11 Investments6% AUM4 exited companies
  • Communication Services(0.2%)
  • Consumer Discretionary(51.6%)
  • Financials(4.0%)
  • Industrials(2.1%)
  • Information Technology(42.1%)

Strategic Positioning

ACE is strategically positioned between private equity and venture capital funds, independent investors, and investment advisors and can understand clients’ needs and provide relevant products and services in response.

Strategic Positioning

Alignment Of Interests

Founded by private investors, a proprietary capital approach to investing is firmly anchored across the firm.

Diversification

ACE’s geographic reach and broad network of investment partners provide access to best-in-class opportunities.

Specialization

With over 18 years of operating experience, ACE has gained substantial experience executing successful direct investments.

Value Propositions

ACE’s value proposition is differentiated within the private equity ecosystem, offering value to various market participants.

To Investors

+SOURCINGACE provides unique access to investment opportunities across sectors and geographies.
+DIVERSIFICATION ACE allows investors to construct a diversified portfolio, reducing idiosyncratic risk.
+DILIGENCE ACE selects opportunities following a rigorous and independent diligence process.
+EXECUTION ACE enables seamless and professional execution within a regulated environment.

To Sponsors

+RELIABILITY ACE honors its commitments; to never leave sponsors “at the altar.”
+EFFICIENCY ACE can perform due diligence and provide a fully underwritten commitment within a few weeks.
+VALUE ADDS ACE collaborates openly with GPs and portfolio companies to connect investors and support business development.
+RELEVANCE ACE is the exclusive direct investment manager for clients representing $3bn of LP commitments to over 100 funds.

Executive Committee

Manage the day-to-day operations of the Company and execute the strategies adopted. Provide direction on the Company’s strategies, development, performance, and risk management.

Sally Beh (C), Mazen Daou (VC), Sherif El Halwagy, Steve Salom, Audrey Dumas, Mouaffac Al Midani, Lee Lowicki

Investment Committees

Review and approve Initial Assessments and Investment Reports. Approve all investment and exit decisions upon fulfillment of due diligence requirements.

Early: Adam Said (C), Rob Callahan (VC), Charles Lorenceau, Sally Beh, Steve Salom
Mature: Adam Said (C), Rob Callahan (VC), Sherif El Halwagy, Rob Callahan, Sanjiv Garg, Youssef Haidar

ACE Swiss Tech Outliers (ASTO): Adam Said (C), Charles Lorenceau (VC), Mark Kornfilt, Sally Beh, Steve Salom

Risk & Audit Committee

Assess the group’s risk management, compliance, legal and regulatory requirements. Review the adequacy and integrity of the financial reporting process.

Philippe Jacquemoud (C), David Huyette, Dalia Said, Abir Oreibi

Valuation Committee

Review and approve the valuation policy in accordance with International Private Equity and Venture Capital Valuation (IPEV) Guidelines and industry standards.

Audrey Dumas (C), Sally Beh, Antoine Meunier

Management Team

Sally Beh

Sally Beh

Managing Partner
ExCo Chair & IC Member

Geneva

Sherif El Halwagy

Sherif El Halwagy

Senior Equity Partner
Head of Secondaries
ExCo & IC Member

Geneva

Mazen Daou

Mazen Daou

Partner
Head of Investment Solutions
ExCo Vice Chair

Geneva

Mouaffac Al Midani

Mouaffac Al Midani

Managing Director
Head of Investor Relations
ExCo Member

Geneva

Lee Lowicki

Lee Lowicki

Managing Director
ExCo Member

New York

Audrey Dumas

Audrey Dumas

Director
Head of Fund Finance & Operations
ExCo Member

Geneva

Steve Salom

Steve Salom

Partner
Co-Head of Ventures
ExCo & IC Member

Geneva

Our Strategies

ACE offers three core investment strategies across the stages of private investment: Secondaries, Buyouts, and Ventures. Our portfolio construction guidelines ensure that our investors access the necessary customization to achieve their risk and return requirements. ACE aims to drive returns by managing risks and strategically adjusting investment exposure to the stage of a company’s development. We strongly believe that diversification and sizing of investments according to the risk profile are the most effective approaches to investing private capital. ACE’s specialized investment teams provide the support to create long-term and sustainable investment results.

Secondaries

Our Secondary strategy presents an appealing balance between risk and reward when contrasted with primary private equity. Our skill lies in procuring funds at advantageous prices and harnessing our extensive experience with general partners, sellers, and advisors. This enables us to thoroughly evaluate potential prospects, culminating in exceptional results for our investors.

Portfolio Manager Sherif El Halwagy
Average Holding Period 5 years
Portfolio Holdings 317 holdings
Total Assets$174mm
Past VehiclesASI I - VI
Current VehicleASI VII

Buyouts

Our Buyout strategy involves actively managing a private equity portfolio alongside top-performing private equity GPs in their core areas of expertise. Leveraging our broad sourcing channels, proprietary diligence, and robust network of specialist investors, we invest in market-leading companies to deliver long-term value to investors.

Portfolio Manager Rob Callahan
Average Holding Period 3 - 5 years
Portfolio Holdings 54 companies
Total Assets $759mm
Past Vehicles ABO I - ABO IV / AEMS I
Current VehicleABO V

Ventures

ACE Ventures is a team of operators, engineers, and investors deploying capital and expertise to empower and support outliers. ACE Ventures backs those who disrupt the norm and challenge the status quo. Our commitment goes beyond capital; we offer meaningful support, drawing on our own experience of grind and hustle. We are dedicated to fostering revolutionary shifts and creating lasting impact, focusing on genuine transformation rather than transient market trends.

Portfolio Managers Charles Lorenceau / Steve Salom
Average Holding Period 4 – 10 years
Portfolio Holdings 95 companies
Total Assets $174mm
Past VehiclesAESP I – II / AVO I - III
Current VehicleASTO (ACE Swiss Tech Outliers)

Investment Solutions

Besides its commingled funds, ACE manages separate accounts and opportunistic “club deals” both on a discretionary and advisory basis.

Separately managed accounts are tailored to meet specific client requirements. ACE’s Investment Solutions team can structure, construct and manage a portfolio of private assets on a client’s behalf. Clients have the flexibility to participate actively in every stage of the investment cycle or grant ACE complete discretion over their portfolio.

Thanks to long-standing relationships with top-tier managers around the world, ACE offers access to funds and opportunistic direct opportunities when they arise.

Investment Circle

Indicative selection of investors that have exposure to the same portfolio companies as ACE, through ACE or independently, in the same instruments or elsewhere in the capital structure.
Onex
Silver Lake
General Atlantic
Earlybird
a16z
Funders Fund
B Capital
Valar
Deutsche Bank
Insight Partners
DST
Draper Esprit
Hellman & Friedman
The Carlyle Group
Combinator
Cinven
Citic Capital
CVC Capital Partners
Apax Partners
Hillhouse Capital
Apollo
BPEA Private Equity
PWP / Perella Weinberg Partners
American Securities
BC Partners
terra firma
StepStone
Blackstone
Centerbridge
Partners Group
Providence Equity
KKR
GV
Onex
Silver Lake
General Atlantic
Earlybird
a16z
Funders Fund
B Capital
Valar
Deutsche Bank
Insight Partners
DST
Draper Esprit
Hellman & Friedman
The Carlyle Group
Combinator
Cinven
Citic Capital
CVC Capital Partners
Apax Partners
Hillhouse Capital
Apollo
BPEA Private Equity
PWP / Perella Weinberg Partners
American Securities
BC Partners
terra firma
StepStone
Blackstone
Centerbridge
Partners Group
Providence Equity
KKR
GV
Onex
Silver Lake
General Atlantic
Earlybird
a16z
Funders Fund
B Capital
Valar
Deutsche Bank
Insight Partners
DST
Draper Esprit
Hellman & Friedman
The Carlyle Group
Combinator
Cinven
Citic Capital
CVC Capital Partners
Apax Partners
Hillhouse Capital
Apollo
BPEA Private Equity
PWP / Perella Weinberg Partners
American Securities
BC Partners
terra firma
StepStone
Blackstone
Centerbridge
Partners Group
Providence Equity
KKR
GV
Onex
Silver Lake
General Atlantic
Earlybird
a16z
Funders Fund
B Capital
Valar
Deutsche Bank
Insight Partners
DST
Draper Esprit
Hellman & Friedman
The Carlyle Group
Combinator
Cinven
Citic Capital
CVC Capital Partners
Apax Partners
Hillhouse Capital
Apollo
BPEA Private Equity
PWP / Perella Weinberg Partners
American Securities
BC Partners
terra firma
StepStone
Blackstone
Centerbridge
Partners Group
Providence Equity
KKR
GV
Onex
Silver Lake
General Atlantic
Earlybird
a16z
Funders Fund
B Capital
Valar
Deutsche Bank
Insight Partners
DST
Draper Esprit
Hellman & Friedman
The Carlyle Group
Combinator
Cinven
Citic Capital
CVC Capital Partners
Apax Partners
Hillhouse Capital
Apollo
BPEA Private Equity
PWP / Perella Weinberg Partners
American Securities
BC Partners
terra firma
StepStone
Blackstone
Centerbridge
Partners Group
Providence Equity
KKR
GV
Onex
Silver Lake
General Atlantic
Earlybird
a16z
Funders Fund
B Capital
Valar
Deutsche Bank
Insight Partners
DST
Draper Esprit
Hellman & Friedman
The Carlyle Group
Combinator
Cinven
Citic Capital
CVC Capital Partners
Apax Partners
Hillhouse Capital
Apollo
BPEA Private Equity
PWP / Perella Weinberg Partners
American Securities
BC Partners
terra firma
StepStone
Blackstone
Centerbridge
Partners Group
Providence Equity
KKR
GV
Onex
Silver Lake
General Atlantic
Earlybird
a16z
Funders Fund
B Capital
Valar
Deutsche Bank
Insight Partners
DST
Draper Esprit
Hellman & Friedman
The Carlyle Group
Combinator
Cinven
Citic Capital
CVC Capital Partners
Apax Partners
Hillhouse Capital
Apollo
BPEA Private Equity
PWP / Perella Weinberg Partners
American Securities
BC Partners
terra firma
StepStone
Blackstone
Centerbridge
Partners Group
Providence Equity
KKR
GV
Onex
Silver Lake
General Atlantic
Earlybird
a16z
Funders Fund
B Capital
Valar
Deutsche Bank
Insight Partners
DST
Draper Esprit
Hellman & Friedman
The Carlyle Group
Combinator
Cinven
Citic Capital
CVC Capital Partners
Apax Partners
Hillhouse Capital
Apollo
BPEA Private Equity
PWP / Perella Weinberg Partners
American Securities
BC Partners
terra firma
StepStone
Blackstone
Centerbridge
Partners Group
Providence Equity
KKR
GV
Onex
Silver Lake
General Atlantic
Earlybird
a16z
Funders Fund
B Capital
Valar
Deutsche Bank
Insight Partners
DST
Draper Esprit
Hellman & Friedman
The Carlyle Group
Combinator
Cinven
Citic Capital
CVC Capital Partners
Apax Partners
Hillhouse Capital
Apollo
BPEA Private Equity
PWP / Perella Weinberg Partners
American Securities
BC Partners
terra firma
StepStone
Blackstone
Centerbridge
Partners Group
Providence Equity
KKR
GV
Onex
Silver Lake
General Atlantic
Earlybird
a16z
Funders Fund
B Capital
Valar
Deutsche Bank
Insight Partners
DST
Draper Esprit
Hellman & Friedman
The Carlyle Group
Combinator
Cinven
Citic Capital
CVC Capital Partners
Apax Partners
Hillhouse Capital
Apollo
BPEA Private Equity
PWP / Perella Weinberg Partners
American Securities
BC Partners
terra firma
StepStone
Blackstone
Centerbridge
Partners Group
Providence Equity
KKR
GV

Investment Pipeline

LTM ended Mar 31

854Investments Sourced and Screened

All the investment opportunities sourced by the team globally are reviewed by the investment team in a weekly meeting and matched to the firm’s strategy and themes

67Initial Assesments

If the investment opportunity passes the screening stage, the team produces an Initial Assessment (IA) presented to the Investment Committee (IC) for review and input

46Due Diligence

Once reviewed and approved by the IC, the investment team works on full internal and external due diligence to be presented to the IC for final approval

27Executed

Finalize structuring and documentation

Disclaimer

ACE & Company SA (“ACE”) is a limited liability company authorized and regulated by FINMA (Swiss Financial Market Supervisory Authority), and its subsidiary ACE & Company New York, Inc. as a Registered Investment Adviser by the SEC (Securities Exchange Commission). ACE is a holding company with operating subsidiaries providing investment research, consulting, due diligence and financial services, each subject to the laws and regulatory regime of the jurisdictions in which it operates. The subsidiaries may not necessarily be registered with any financial regulatory bodies. ACE may not achieve all of the expected benefits of our strategic initiatives. Factors beyond our control, including but not limited to the market and economic conditions, changes in laws, rules or regulations and other challenges discussed in our public filings, could limit our ability to achieve some or all of the expected benefits of these initiatives. The positions in companies mentioned herein may be liquidated, without prior notification, even after we have made positive comments regarding the investment. We will not advise as to when we decide to sell, and do not and will not offer any opinion as to when others should buy or sell; each investor must make his or her own decision based on his or her judgment of the market. The information provided herein is solely for informational purposes and does not constitute or form part and should not be construed as an offer to sell or issue or an attempt to solicit new clients or advertise our services for hire in any jurisdiction. No part of this document, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. The information and opinions contained herein have been compiled or arrived at in good faith from sources believed to be reliable. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein. None of ACE or any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss, howsoever, arising from any use of this document or its contents or otherwise arising in connection with the document.