Professional Documents
Culture Documents
Opportunity
Considerations
Expenses
Month
HFRI EHI
S&P 500 TR
Dow Jones
April - 2015
0.75%
2.04%
0.96%
0.36%
March - 2015
-0.46%
0.31%
-1.58%
-1.97%
February - 2015
5.79%
2.76%
5.49%
5.64%
January - 2015
-3.53%
-0.62%
-3.00%
-3.69%
FYE 2014
-12.52%
2.26%
13.69%
7.52%
FYE 2013
13.20%
14.28%
32.41%
26.51%
FYE 2012
28.21%
7.41%
16.00%
7.25%
FYE 2011
-46.38%
-8.38%
2.11%
5.53%
FYE 2010
73.04%
10.45%
15.07%
11.02%
FYE 2009
4.37%
2.92%
5.49%
7.37%
YTD - 2015
2.35%
4.12%
1.92%%
0.10%%
Inception to Date*
25.90%
35.52%
121.70%
83.69%
1/1/12 to Date**
24.60%
30.11%
77.95%
46.03%
* Fund's inception was October 1, 2009. Performance shown is net of all fees & expenses including management & performance fees. Past performance is not necessarily
indicative of future performance. This material does not constitute an offer to sell (nor the solicitation of an offer to buy) interests in BDC Fund II, LP (the "Fund"). Offering
is made by Private Placement Memorandum from a Principal only. The indices included above are presented only to provide a general indication of U.S. Stock market
performance for the periods indicated and not as a standard of comparison because they are unmanaged, broadly based indices.
** Represents investor with initial contribution of 1/1/2012. (After revised investment strategy.)
Prime Broker
Custodian
Administrator
Auditor
Legal Counsel
Web Site
www.southlandcapitalmanagement.com
BDC Blog
www.bdcreporter.com
AUM, USD
$21 million
Gross Assets
$55 million
Investment Opportunity
Every year, thousands of companies in America raise
hundreds of billions of dollars of debt to finance buyouts, recapitalizations or to refinance existing
obligations, typically by issuing bonds or by taking on
loans. At a time when interest rates are very low,
borrowers pay a premium to attract debt capital.
Depending on size, credit risk and market conditions
borrowers pay between 5%-15% per annum. Outside
of recessionary periods, these loans have very low
default rates, pay interest regularly and rank in
Southland Capital Management, LLC
1600 Rosecrans Ave., 4th Fl.
Manhattan Beach CA 90266 (800) 579-1651
www.southlandcapitalmanagement.com
Fund Summary
Opportunity
Considerations
Expenses
Investment Universe
Fund Summary
Opportunity
Considerations
Expenses
Investment Strategy:
The Funds principal objective is to generate a stable stream
of investment income by assembling a highly diversified
portfolio of debt and common stock investments in Business
Development Companies. SCM undertakes a bottom up
analysis on all the investments in the Funds universe, reading
all public filings, published articles and, where possible, talking
to management, analysts and experts. The Funds extensive
research is contained in a proprietary database, which is
critical to SCMs selection of appropriate investments.
Moreover, by using leverage of up to 2x the Funds equity, the
goal is to generate superior levels of income for investors.
Investment Considerations
SCMs principals have substantial experience
in leveraged debt investing, and in hedge fund
management.
The Funds principals have over 50 years of experience in
leveraged finance. Mr. Marshi, who serves as the Chief
Investment Officer, was previously a commercial lender and
investment banker with Citibank and Kleinwort Benson, as
well as the founder and Managing Director of two private
equity firms: Kensington Capital Corporation and Southland
Capital Partners. Moreover, Mr. Marshi has been investing
personal and family funds in leveraged debt investments for
over 10 years. Mr Marshi edits the highly regarded specialist
financial website BDC Reporter (www.bdcreporter.com),
and is a regular contributor on Seeking Alpha and other
publications. Messrs. Marshi and Hansen have been
managing the Fund for over 5 years. SCM is a Registered
Investment Advisor based in California.
Fund Summary
Opportunity
Considerations
Expenses
Fund Summary
Opportunity
Considerations
Expenses
Fund Summary
Organizational and
Offering Expenses
Operating Expenses
Overhead
Opportunity
Considerations
Expenses
The General Partner will pay, and shall not be reimbursed by the Partnership, for its
own overhead expenses. These include: rent, employee salaries and benefits
insurance.
This Presentation is not an offer to sell or a solicitation of an offer to buy an interest in BDC Fund II, LP (the Fund). This presentation
is intended merely to determine expressions of interest in the Fund. Any offer or solicitation may only be made after delivery of the
Funds Confidential Offering Memorandum. This presentation does not include certain information that should be considered relevant
to any future investment in the Fund, including, but not limited to, significant risk factors and complex tax considerations.
www.southlandcapitalmanagement.com