Umbra Capital Partners LLP
Definition of Terms
On this site, the following definitions apply unless the context requires otherwise.
AUM: Assets Under Management, includes monies invested by the Umbra Group, and amounts invested or available for investment under investment management or advisory agreements or managed accounts.
Debt Raised: Debt investments raised by Umbra Capital Partners from funds, investors or banks as part of an advisory mandate, can include drawn and undrawn amounts, committed and uncommitted amounts as part of a debt facility.
Debt Invested: Debt, bonds or liens subscribed and managed by any entity member of the Umbra Group, includes committed and uncommitted amounts, drawn and undrawn amounts, secured or unsecured, unitranche, mezzanine, PIK, convertibles, preferred capital, vendor loans and other debt-like instruments.
Dividend Recapitalisation: Dividend recaps are dividends paid by a company to its shareholders out of its retained profits, typically from debt proceeds.
Equity Raised: Equity investments raised by Umbra Capital Partners from funds or investors, includes proceeds from capital raising, merger & acquisitions and dividend recapitalizations as part of an advisory mandate, can include drawn and undrawn amounts, committed and uncommitted amounts as part of an earnout.
Equity Invested: Equity, shares or capital subscribed and managed by any entity member of the Umbra Group, includes convertibles, preferred capital and other equity-like instruments, can include drawn and undrawn amounts, committed and uncommitted amounts as part of an earn-out. The values as per the current NAV.
Family Offices: Family controlled investment group.
Funds: Committed, commingled pools of capital managed on a discretionary basis by GP and clear investment criteria, investment restrictions and investment timeframe, typically used to refer to Private Equity, Private capital or Private Debt.
Group: Umbra Capital Partners LLP, Umbra Capital Limited (Jersey) and Umbra Partners Limited and Umbra Capital (UK) Limited.
HNWIs: High-net-worth-individuals with a net worth of over US$1 million including their primary residence.
Investors: Shareholders or limited partners in funds or direct investments.
Private Capital: Private, non-listed Investments intro private companies across the capital structure. May involve hybrid or structured equity instruments such as preferred equity, or non-bank debt instruments that include some type of equity upside such as warrants, equity kickers or options to convert to ordinary equity a pre-determined valuation.
Rolling Fees: Getting paid advisory or capital raising fees in kind (e.g. equity or debt) as opposed to cash.
Segregated Managed Accounts: Or Separate Managed Accounts, is a portfolio of assets managed by a professional investment firm separately, typically follow a pre-determined investment criteria and investors have an element of discretion, (eg. private capital to UK SMEs).
SMA: Segregated or Separate Managed Account.
SMEs: Small and Medium Enterprises.
UHNWIs: Ultra-high-net-worth individuals with a net worth of over US$30 million including their primary residence.
UCL: Umbra Capital Limited, a Jersey Private Fund regulated by the Jersey Financial Authority.
UCP: Umbra Capital Partners LLP, authorised and regulated by the Financial Conduct Authority.
Umbra Family: Qualified professional investors, entrepreneurs, founders, owners which are clients of Umbra Wealth and have access to Umbra’s proprietary deal flow.
Umbra Intelligence Platform: A proprietary knowledge database, dynamic software engine that monitors the investment criteria of funds and institutional investors actively investing in the UK mid-market directly or via funds.