Payard’s unique differentiator is its Principals and the skill sets available to it as an institution. This differentiated and comprehensive skill set across strategy, operations and finance/investments enables the Firm to address complex and transformational opportunities as a long-term strategic partner and operator. Across the chosen investment strategies, Payard seeks to utilize the Principals’ capabilities to improve risk-adjusted returns on investments, rather than rely merely on financial engineering or arbitrary growth theses.
Stressed Asset/Special Situations:
Payard’s stressed asset/special situation strategy utilizes a highly flexible approach in seeking control- oriented investments in infrastructure, EPC, and energy/renewables companies experiencing distress or some form of temporary dislocation in their business. The strategy leverages the Principals’ expertise in managing global EPC/infrastructure companies, significant operational experience in the sectors, as well as a stellar track record in both credit and private equity investing. Payard seeks to generate attractive risk-adjusted returns by targeting assets with significant upside potential, buying significantly below intrinsic value, and improving both operations and capital structure.
Litigation Financing:
Payard’s circle of competency – the energy, construction and infrastructure sectors are frequent users of arbitration and the predominant sectors in applications for arbitration funding. The Firm is focused on the arbitration market in India and offshore, including the enforcement of arbitral awards, as well as claims arising out of insolvencies. The introduction of the Insolvency Code (2016) is the inflection point for this market and companies have an incentive to thwart creditors’ attempts to drag them into insolvency, and generating cash. Payard’s approach to litigation financing is a natural extension of its competencies in infrastructure, EPC and energy/renewables. The commercial and operational acumen of the Principals allow for accurate risk identification as well as pricing of these claims.