Family Office Advisors

Family Office Advisors Family Office Advisors Overview 2016 Investment exposes you to risk of losing some or all of your capital. There is no right to compensation in respect of poor performance. henleyinvestments.com/family-office-advisors

Who We Are and What We Do HENLEY Family Office Advisors is a division of Henley, a full service Private Equity Real Estate Investment Manager founded in 2006. Henley s long standing private equity business acquires and manages exceptional deals for co-investment by external investors. Henley currently manages over USD$1bn of property assets across a wide range of value-add and opportunistic real estate sectors in the UK, Europe, and the USA. HENLEY FAMILY OFFICE ADVISORS The full resources of Henley s in-house expertise and external network are available on an advisory basis to fulfil our family office clients property investment mandates. Clients therefore benefit from our endto-end service, resourced by 60 internal people and an external network of many times that built up over ten years of successful property investing. The Henley Family Office Advisors division provides local partner advisory services to family offices interested in geographical markets where Henley invests - the UK, Europe and the USA. Family offices can benefit from Henley s off-market deal sourcing, and our local transaction, debt-raising and asset management capabilities, to enhance the performance of their property investments. Henley Family Office Advisors work with family office investors to design a bespoke portfolio strategy and then implement it over a number of years. Henley Family Office Advisors are a one-stop shop service offering for active cross-border property investors, given both our market and sector coverage and breadth of services offered. 02-03

Capital Deployed $bn 1.75 Henley s Track Record Henley has a strong track record in difficult post-crisis and opportunistic markets: 55 SPV funds created since 2006, 35 deals currently under management with results on 20 exits to-date 1.50 $1.25bn 1.25 1.00 40%+ 1.72x $350m 0.75 0.50 0.25 AVERAGE IRR ALL DEALS AVERAGE CASH MULTIPLE EQUITY INVESTED TO-DATE 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Henley Capital deployed has grown to c. $1.25bn as at summer 2016 Henley is a very experienced team from property, finance, banking, construction and operations lead by a group of outstanding entrepreneurs across its different businesses Within our Henley Private Equity Real Estate business, our primary compensation is through sharing the profit upside aligning our interests closely with investors Our Advisory business recognises that some investors want to own the whole of a deal and often for a long period, so the compensation is fee based 04-05 I oversee our family office s equity investments with Henley, now totalling over 20m cumulatively. We have been investing with Henley for over 8 years now. The deal results they have achieved over this period have been consistently strong, and often stellar in the absolute and relative to other property investment managers. Henley s activities stretch into many real estate niche and mainstream markets and strategies. This seems to provide them additional insight as to where value creation will show up next. Chris Branfield Stonebridge Capital Past performance must not be viewed as an indication of future performance. The price of investments may change quickly and go down as well as up.

Henley Platform Strategies Investment Period Activities Target IRR Commercial UK Opportunistic European Opportunistic General opportunistic and value-add approach across the commercial sector Focus on Germany and Holland on distressed price assets or multiple value-add angles 15%+ 20%+ Residential High end prime / super prime development. New build and major refurbishment 2-3 years We identify schemes, conversions, new build with and without planning in London and the South East and develop out 25%+ Structured Finance Providing senior and mezzanine debt facilities and other structured finance solutions 2-7 years Providing loans to quality third-party developers and investors 10-15% Healthcare Providing supported and assisted housing to local Government 4 years Buying high density and individual units backed with a lease from local government on a long-term triple net basis 18%+ Hotels Owning and operating hotels and serviced apartments Developer and investor in USA and UK based chains 15%+ Land Infrastructure Operating a land infrastructure business delivering large scale master plan for mixed used developments 6-10 years Focus on major UK residential land 20%+ Outdoor Media Aggregation of Media assets into long income secure credit cashflow 3- Our superior market insight from Edifice the UK s largest outdoor media auction business enables us to acquire assets with high prospects of both rental growth and lease term extensions, delivering yield compression and significant capital gain 25% Student Accommodation Credit arbitrage 3- Buy direct let, good location, older stock and carry out refurb and let on long lease to credit tenant 20% Family Office Advisors Henley s full asset management experience and service applied towards large family office acquisition mandates Long-term Adapted to meet family office requirements, generally safe haven longterm holds. We have a dedicated team for this service 8%+ Other Private Equity Operating companies with a real estate bias We take minority and majority stakes in European-wide private companies with clear growth strategies 25%+ Our Platforms 06-07

Family Offices Needs We Have Heard The ideal local advisor-partner is a one-stop-shop who can provide a range of property investment support services, from strategy advice, to a complete end-to-end service package. We need a local partner who can facilitate off-market and direct sourcing of property investment opportunities. This is a critical requirement of any local real estate investment advisor. An advisor that has deep, broad, and investing experience for their own account, and is not too large or corporate to have lost the ability and motivation to deliver bespoke, high quality service. Cost effective services that we can choose from flexibly, depending upon the deal, and upon our investment service needs at the time on that deal. Robust and timely reporting! Services Henley Family Office Advisors Provide Strategy: Market, portfolio, and deal strategy advice Search: Property identification and sourcing for the purposes of investment, against client criteria, a client mandate Decision and approval support: Investment analysis and modelling. Value-add business plan writing and recommendation for investment committees Transaction/acquisition management: Facilitation of accounting, tax, legal, and conveyance services, 3rd party and Henley in-house Acquisition debt sourcing: Facilitation of locally-sourced acquisition leverage using our broad range of accumulated debt providers throughout the UK, Europe, and the USA Asset management and reporting: High value-add business plan implementation and management. Quarterly plan status, issues and opportunities reporting Exit Support: Exit timing advisory, and exit transaction management Cost effectiveness: Henley runs a significant private equity real estate business, operating the service infrastructure that makes delivery of the above wide range of services to our Family Office Advisors clients more cost effective Benefits to Henley Family Office Advisors Clients Well-priced acquisitions, often off-market and direct with corporate or private vendors Advisors with extensive investment experience themselves in the relevant market. Highly-empathetic An à la carte selection of strategic advisory, analytical, and tactical transactional services to choose from, at cost effective rates The skills, experience, and attitude to be able to identify and secure assets mandated by our clients 08-09

Henley Service and Compensation Structures SERVICE PACKAGE Henley sources and acquires the asset Family office previously owned assets Henley Family Office Advisors CORE AND CORE PLUS ASSETS Acquisition fee Henley Private Equity Real Estate Business VALUE-ADD AND OPPORTUNISTIC ASSETS Acquisition fee Deal profit share Deal profit share I studied Henley s approach and performance for several years before starting to invest recently. I was positively shocked by the performance of one investment over a relatively short investment period, and wouldn t believe it until the cash was back in my bank account! I ve just made a much larger investment in one of Henley s European deals that looks very high value to me. I have been pleased with Henley s service and diligence throughout. They consistently find excellent deals and manage them well through to a successful exit from what I have seen to-date. Richard Edghill Edghill Asssociates My extended family has been investing with Henley for over 6 years now, in both debt and equity opportunities. There was one challenging deal that tested our relationship and Henley s tenacity and temperament. Henley was smart, principled and professional throughout that challenge. Otherwise, we ve had a highly successful investing partnership. Ravi Anand UK Family Office 10-11

LONDON BOSTON LOS ANGELES ROTTERDAM DUBAI t: +44 (0)1483 617 070 e: info@henleyinvestments.com henleyinvestments.com/family-office-advisors Henley Investment Management Limited is an Appointed Representative of Gallium Fund Solutions Limited which is authorised and regulated by the Financial Conduct Authority HEN FOA 092016 V2